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We are heading into both monthly and quarterly OpEx (in June) and I wanna talk for a quick minute about options gamma ramps, charm, and the impact it can have on stocks in both directions. Lots of retail traders see big volume in far out-of-the-money weekly calls and get excited. “Look at all these bets, this stock is about to explode higher! Gamma ramp babyyyy!” You’re not wrong, but hold up for a sec fam. That’s only one side of the equation, the side us optimistic retards know best. When you buy your calls, the market maker who sold them is now short the calls. To stay delta-neutral, they hedge by buying some shares of the stock. The number of shares they buy depends on delta, a first-order Greek that measures how sensitive the option is to a $1 move in the stock. Higher delta (deep in-the-money or at-the-money calls) means more shares bought for the hedge. Far OTM calls start with low delta with minimal initial buying. And just like theta decay eats away at an option’s value over time like a nasty bitch, **charm** (delta decay) reduces that delta as expiration approaches. As it becomes clear those high strikes probably won’t finish in the money, market makers no longer need as many shares for their hedge. They sell them back into the market. This creates downward pressure on the stock, especially in the final days before expiration. That’s why big OTM call volume often looks super bullish at first… but can actually weigh on the stock later. It’s also why true gamma ramps to the upside are rare, while this charm-driven selling pressure happens more frequently with heavy OTM call open interest. So Mags, what DOES create the fabled gamma ramp to the upside? Sustained buying pressure close to expiration that pushes the stock higher, combined with heavy open interest in near-term calls clustered just above the current price. As the stock rises, gamma kicks in and market makers have to buy more shares to hedge the increasing delta. This can create a self-reinforcing feedback loop like we saw in January 2021. It’s worth keeping in mind that market makers try their damndest to stay neutral and prevent a sneeze situation from happening. But it absolutely can happen, with the right dynamics. Always manage your own risk and be aware of the open interest and the impact expiration approaching will have on the underlying stock. May the delta be ever in your favor. Love you degens. ❤️

Damson Idris to star as Miles Davis in movie produced by Mick Jagger White Brits think because they've been allowed to pretend to be Black Americans for 50 years, they have the privilege to denigrate our icons by letting their blacks play us. Of course we're going to Boycott this shit and anything else these two produce going forward ESPECIALLY that stupid F1 Brad Pitt movie. THIS is why I protest foreign blacks taking our best roles. Hollywood sees it as a GREEN LIGHT to CONTINUE giving our roles to THEM despite what is appropriate and despite how Black Americans feel about it. (why does that matter? Because Black Americans will determine whether it will be a hit or not) https://t.co/3RB2tsOAvd

JUST IN: Female trucker joins NYC trucking boycott to protest Judge Engoron's ruling against Trump, says if 10% of truckers join the movement, it could cripple NYC. "It could shut New York City down... if New York loses just 10 percent of the trucks going there, their prices are going to skyrocket on everything, from milk to eggs to any type of goods that the consumer needs." "When that happens, it's going to cost everyone more money."

BL✊🏿CK AMERICA👇🏾 Closed Wallets Closes Doors ST🛑P SUPPORTING ASIAN BUSINESSES‼️ Closed Wallets Closes Doors ST🛑P SUPPORTING ASIAN BUSINESSES‼️ They hate you. They disrespect you. They serve you dog & cat meat. RESPECT YOURSELF CLOSE YOUR WALLET TO ASIAN BUSINESSES FOR GOOD!