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.
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One reason was the gamma
5/1 ES Levels June Contract (ESM24)
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.