Put selling below spot + call buying above has been the consistent #trend in recent months. Upside demand has intensified in recent days. This positioning leaves dealers:
Short gamma on the upside → forced to buy into rallies. Long gamma on the downside → forced to buy dips. Effect: These hedging flows both extend upside moves and cushion declines, reinforcing stability around key strike zones. #crypto
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Options Market Dynamics
Put selling below spot + call buying above has been the consistent #trend in recent months. Upside demand has intensified in recent days. This positioning leaves dealers:
Short gamma on the upside → forced to buy into rallies. Long gamma on the downside → forced to buy dips. Effect: These hedging flows both extend upside moves and cushion declines, reinforcing stability around key strike zones. #crypto