Welcome To The 'Unclenching' - Markets Have Lost 'Insulation' As Dealers Turn Short Gamma
Feb 23rd 2021 9:34am EST
Welcome To The ‘Unclenching’ – Markets Have Lost ‘Insulation’ As Dealers Turn Short Gamma While the S&P has been weaker since Friday’s opex, Nasdaq is the “messiest” due to the index-level price-movement “unclenching” based upon the sheer amount of $Gamma running-off post last Friday’s Op-Ex. As Nomura’s Charlie McElligott notes, the effect was particularly notable […]
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