Popped all last week and a lot of options expired in the money and need to be settled T +2. Large gamma ramp of options built Hedges have to buy to hedge.......... the more they buy,the more they have to buy.
Also known as being between a rock and a hard spot.
Let's see... this thread goes up over the weekend, then GME pops hard today. Coincidence? I think not!
Popped all last week and a lot of options expired in the money and need to be settled T +2. Large gamma ramp of options built Hedges have to buy to hedge.......... the more they buy,the more they have to buy.
Also known as being between a rock and a hard spot.