Crash Up Time - S&P Caught In Reverse Gamma Gravity As Call Wall Spikes
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Hard Purge - Nomura Warns The Vol Market Signals Risk Of Outright Crash Down
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Brace For The Gamma Unclenching As Put-Sellers & Call-Buyers Spark Extreme Greeks
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Inconsistent supply is biggest challenge to Covid vaccine rollout, says NJ hospital CEO We just can t get it and we can t get it on any reliable path. It s very difficult, Holy Name Medical Center CEO Michael Maron told CNBC.
Yesterday morning, when discussing the latest rates thoughts from Nomura s Charlie McElligott (read here), we pointed out that while dealer gamma was now neutral suggesting the without a gamma pin , the market could turn volatile in the next few days, there was one cavet: vol control funds which have been aggressively releveraging in the past quarter, and are likely to continue doing so - i.e., buying stocks and bonds - as the VIX resets lower.