Dapajopu

[Dapajopu @Dapajopu]

@Flash430 @dampedspring ,,

[Dapajopu @Dapajopu]

@BlacklionCTA 0ä

[Dapajopu @Dapajopu]

@todayistommorr1 The same fallacy does not apply to MNF, as its impact is delta-driven, not gamma-driven. I consider MNF innovative and useful. MNF tracks new options positions, which have to be delta-hedged and thus impact underlying market spot price in the direction of MM counterparty's delta.

[Dapajopu @Dapajopu]

@tradytics @WizOfOps @KFatty_Trades
1/n
Delta-adjusted gamma = alluring fallacy, I fear. The call-put-distinction it wants to adjust for is already built into Black-Scholes by virtue of short Calls having -1-0 deltas and short Puts having 0-1 deltas while both share neg. gamma.

[Dapajopu @Dapajopu]

@todayistommorr1 Unless I'm wrong or misinterpret the calculation, yes.

[Dapajopu @Dapajopu]

19/n
It's far better than the legacy GEX services' false paradigm of "MM: All Calls long, all Puts short".

[Dapajopu @Dapajopu]

18/n
The intention to build a more refined and intuitive GEX tool honors you and I'm fully on board with regards to the superiority of case-by-case, slippage-derived (OPRA) deduction of which side of any transaction is MM and which is directional retail/institutions.