One reason was the gamma squeeze due to 0DTE put buyers (market
makers hedge by shorting stocks). Saw the opposite on the
buy side several times back in June/July. But this action
helps explain why we don't seem to get immediate follow thru
selling on such candles. Now with that said, JP on deck.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
ES Lost that zone late
5/1 ES Levels June Contract (ESM24)
Posted by steve on 24th of Aug 2023 at 05:38 pm
ES Lost that zone late day and flushed
One reason was the gamma
Posted by steve on 25th of Aug 2023 at 08:42 am
One reason was the gamma squeeze due to 0DTE put buyers (market makers hedge by shorting stocks). Saw the opposite on the buy side several times back in June/July. But this action helps explain why we don't seem to get immediate follow thru selling on such candles. Now with that said, JP on deck.