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Having fun with the latest super-short-term options gamma squeeze?
Coaching Notes:
1. My #VASP (volatility adjusted signaling process) had me:
A) covering shorts this morning, not making sales lower
B) took my Redeye to snooze (zzz)
2. So the notion that we're not reading and reacting to the "flow" is just nonsense. We're on it. Look at what the Old Wall sent out yesterday on these 0DTE SPYs:
14:29:04 0DTE sellers running in to issues up here
If they take out the SPX 4525 strike, its going to be 4530 in a heartbeat
They are leaning on the 4525 calls now
"huge gamma in play up here"
3. If you didn't know that, A) now you know and B) trust that i knew!
In other decision-making news, HCA is nearing the LOW-end of its Risk Range and Tom Tobin remains bullish on the name. We remain Bullish on our Healthcare Exposures (PINK and XHE) as well from a Macro perspective,
KM
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