'Gamma Tilt' Suggests More Downside In Stocks As "Bigly" Op-Ex Looms

May 20th 2021 11:15am EDT

‘Gamma Tilt’ Suggests More Downside In Stocks As “Bigly” Op-Ex Looms Nomura’s Charlie McElligott summarized things heading into the weekend perfectly for traders: “Op-Ex tomorow matters ‘bigly’ for Equities.“ Critically, he explains, there remains likelihood of continued “chase-y” moves in both directions on dealer delta hedging due to the magnitude of the positioning out there: Latest […]

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