TSLA gonna dump after the crazy gamma ramp from the 0-1DTE pump yesterday? About to get ready for a 10% dump soon…

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Yeah I’m seriously questioning this as well. With larger economic uncertainty and AI initiatives, companies would much rather take it slow rather than ramp up and have to cut costs.

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Companies are spending $100s of Billions on Capex - Is anyone even remotely showing a justifiable rate of return for the ramp in spend? I read next year the spend could exceed $600 Billion. How much shit do you have to sell to justify spending that much on a rapidly depreciating asset?

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Just post a roadside sign at the highway off ramp that says: “Looking for Conk”

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How are you guys freaking out over open ? This is a pullback for ants to try and trigger retail sell-off at open. We have seen this before lol. It will ramp up again.

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So what does power hour hold? $4 SPY drop or summon all regards and ramp to $660? Feels like we can't stay flat for the whole day.

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Derivatives (including options) are just differential equations that calculate the probability of future value. Pre 2020 thinking of them in these terms as market moving would have been absurd as it was 10% or less of market volume. Now on things like SPY over 50%. But yes, in the absence of active trading we can assume now that most trades are made based upon an open option contract. With that understanding and only looking at today's data, 657 would have been the end of the gamma ramp. So we could assume if the days volume to be option driven it would go there and not much further. You could look at tomorrow's to see if as theta strips today's impact off it moves to tomorrow's, if thats higher you could expect additional melt. As of this morning it was the same. So seemed not likely. A huge caveat is that we dont have live flow. We can only get snapshots at market open, and do not see changing OI through out the day. This is why PFOF is so valuable to institutions.

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So buying at the first time it hit $657.50 was absurd because of the gamma ramp up. The hedging was done that was causing the melt up  I understood 70% of what you said 

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It isnt selling it's lack of need for additional buying. All contracts itm are hedged now, and there arent really new ones higher. If market is primarily volume by derivatives (it is confirmed to be) then algos just trading on hedging obligations. They dont need to buy more shares and a rise in price doesn't add large amounts of additional obligation. It's why pumps end at the edge of the gamma ramp. The hedging was the buying and its hedged.

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Gamma ramp ends at $657... like there is some pull past it but both 0dte and 1dte end there. Your hope is that OI around current price opens up for tomorrow and maybe EOD you will see a pull up to that. But as of option data available for market open 657 was the implied move, and usually will site 50 cents above that as obligation to partially hedge next OI strike.

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