Smashing Volatility

Smashing Volatility

Fed/Quarterly OPEX Trades II

And a note on gamma estimates

Scott Murray's avatar
Scott Murray
Jun 11, 2025
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Gauging/speculating on how dealer options exposure could move markets is a more complex guessing game than these quant/derivative desks make it seem. First of all, it’s impossible to know if at a certain strike open interest is mostly long or short. Or if this position is paired up with underlyings. Or if this open interest around certain strikes is par…

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