Macro Matters Below I include a Guest Captain Commentary that dovetails perfectly with my Macro thesis. Practically every word of Steve’s missive I support (bolded emphasis/red highlights mine), as I have repeatedly called out in my market analysis for clients. Further, I believe the following five themes frame the backdrop of challenges to our economy and […]
Macro-to-Micro Analyst+Trader Forecast+Chase. Mostly Options https://t.co/MrMkwZYdvt https://t.co/GZILqexQ5C https://t.co/nkIPvSz3wJ… @LaDucTrading
2021: “do you wanna be right or do you wanna make-believe money?
"...2.4million calls traded yesterday, but the call open interest only increased by ~250k. We think that TSLA is due for a correction into Friday as >30% of the stocks gamma is tied to 10/29 expiration, so charm (time decay) and vanna (call IV declining) flows kick in."
Investors spent $5.11 billion on call options, compared with a total of $279 million on puts, according to an estimate by Nomura Securities.