Quick Change

Posted on Sunday, November 12th, 2023

Like the weather in Atlanta – Things changed fast in the market last week. We swung from panic to outright greed in the space of 10 days. Now that we are in positive gamma, the market is just grinding higher until the next expiration, which is this Friday. Things have the potential to change again… read more.

Bolt

Posted on Sunday, October 22nd, 2023

We find ourselves once again in the realm of negative gamma, a phenomenon we’ve delved into previously. It’s worth noting that during most extended market selloffs, the majority of trading days exhibit this characteristic. But what exactly is negative gamma? Think of it as the moment when the market is most sensitive to external news… read more.

Heroes

Posted on Sunday, October 15th, 2023

When I was a boy, I had the opportunity to meet one of my heroes, Willie Mays, the legendary baseball player. At that time, I was just 8 years old, full of excitement, and I eagerly ran up to him to ask for his autograph. To my surprise, he let the door slam right in… read more.