TSLA Gamma EOD
Total gamma dropped by 87M to -0.6M today. Traders bought downside protection at 1100 (-11M to -9M d/d), 1095 (-5.7M to -10M), 1000 (-6.9M to -5.3M) and especially at 950 (-7.1M to 8.5M). Should the downtrend persist tomorrow, then the negative gamma environment will lead to higher vol and maybe to a self reflexive spiral.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.