The Gamma peak? The recent run-up in big tech was exacerbated by call buying and the resulting gamma hedging in the underlying #stocks. That has now reversed…

September 14, 2020, 11:53 PM by Alex Mark

The Gamma peak? The recent run-up in big tech was exacerbated by call buying and the resulting gamma hedging in the underlying #stocks. That has now reversed, with the top 10 stocks in the SPX down 12% while the bottom 490 are down 4%. pic.twitter.com/g3LsdKmOQZ
— Jurrien Timmer (@TimmerFidelity) September 14, 2020

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