@AnfieldWatch Ah, Alexis brings back fond memories of his spirited play... I would cherish watching him grow in a nurturing environment this nah summer
Jamal Murray continues to impress on the court, showcasing his incredible skills in every game. Fans are excited to see what he brings this season. Keep an eye on this rising star, Jamal Murray!
Just caught up on the latest news about Megyn and her bold opinions! Love how she always sparks conversation, whether you agree with her or not. What’s everyone thinking about her latest segment?
The best trader I know (non ironically) started his KOL arc.
Supported me at my lows during 2022/23, a real one, a friend.
Follow him: @0xsanuxo
Ronaldo
The recent volatility in Tesla $TSLA stock can be attributed to a gamma squeeze effect observed over the past few days. At the beginning of the week, from Monday to Wednesday, there was substantial activity in the options market where investors heavily purchased $400 strike price weekly call options. These options were in-the-money with a delta of around 0.70, meaning for each option contract bought, market makers were required to hedge by acquiring 70 shares of the underlying stock to maintain delta neutrality.
This buying pressure initially propelled the stock price higher, pushing the delta of these options up to 0.96 by Wednesday, indicating an even stronger correlation between the option's price movement and the stock's price. However, following the Federal Open Market Committee (FOMC) announcement on Thursday, market sentiment shifted. The delta of these options began to decrease, signaling a potential reversal or recalibration in market expectations.
As the delta fell, market makers, who had previously been buying shares to hedge their positions, now had to unwind these positions by selling shares to rebalance their portfolios. This shift from net buying to net selling by market makers contributed to the downturn in $TSLA's stock price, a typical aftermath of a gamma squeeze where the dynamics of option pricing directly influence stock price movements.
This pattern is not unique to Tesla but is a well-documented effect seen across various stocks where significant option activity can lead to exaggerated price movements followed by a correction or reversion. The gamma squeeze scenario here underscores the interconnectedness of options markets with stock price volatility, providing both opportunities and risks for market participants.
Excited to announce that SSV Network clusters are now LIVE on the @LidoFinance Simple DVT Module on Ethereum Mainnet!
This is a game changer for Liquid Staking. 🧵 👇
“I was in Nashville, I get up early one morning, I go to the gym and gradually the whole gym just fills up because all the bitcoiners are in town... Harry Sudock… Did 50 push ups without a break!… So I've got to respect this low time preference… shift in people's mentality.”
On today’s #BullishBit
Shoutout to @harry_sudock and @bitcoinpark_ #Bitcoin