🤔 about Deltas as a normal distribution within the parameter of the expected move makes 🤔 about Gamma much easier. Rather than thinking of it as an exponential function within itself. Also makes visualizing Charm much simpler.

Tomorrow. 💀💀

It's kind of hilarious how bitcoiners think sometimes. Up three months in a row and May is right around the corner. What could go wrong?

Rolled out the short leg to Wednesday. Will probably roll again Monday to break even then two more rolls to milk premium.

Guess I was wrong today. 0dte too strong. Sold that calendar from last Friday for a $500 profit. Opened a new one today @ 4000 P 6/14dte. Again, just milk that theta.

Going to be real interesting watching this close. So many puts bought as people thought this was the next leg down. Now they are fuel. Pos gamma stack at 4160 should act as a magnet.

Smelling like it might be a blow off top kinda day.

We are due for a correction. 3σ territory on realized vol. VIX needs a small spike to catch up to the forward month. I bought the 4180 C 6/21dte calendar on friday. you could try to time the drop, but its probably a fool's errand. collect θ to the upside is a much better play.

And so it begins.

Today has the potential of being a very large up day depending on how 0dte fleshes out.

Watch people start piling on 0dte puts cuz they think we are bound to that strike. 😂

Everyone is about to get super excited in April. Then May is gonna slap them into having '22 flashbacks.

tomorrow is gonna be flat around 4060 +- 1σ. then 🚀, and then VIX correction💀 then May...

Tricky tricky day. Calls want to push us up, but there are no puts to give us the juice. Probably a flat day on 4050.

There is so much pos gamma today that, as the day grinds to a close, we will be drawn into it, and all those puts being bought below 4k are now fuel for a rally.

What if we just rally until something really breaks? 🐻 be mad.

Another day, another charmed close.