馃毃 Here is your 10-Second $SPX Recap 馃毃
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A clear example of negative market maker gamma exposure in action, amplifying price movements and fueling volatility.
鈥硷笍 A huge customer 0DTE position just hit the tape on $SPX
> 10k 0DTE 7750 calls accumulated since the open by customers
*The breakdown by strike is showing FLOW (change in position) since the open
Straddle selling on the $SPX has become increasingly popular in the second half of trading sessions over the past few weeks.
This builds up localized MM gamma exposure, with dealer hedging naturally dampening volatility and slowing price action.
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