Thanks for writing this, it clarifies a lot. Your breakdown of the greeks really helps connect the dotts from your last article on AI volatility. Very insightful.
The dealer flow anaylsis really shows how volatilty can be your freind if you understand the greeks. That 24.7% pop into earnings was insane and your disipline to lock in profits around $74 was smart. The way vanna and gamma positioned around the $58 level gave some clear entry points.
IREN respected vanna and gamma levels since early October when other equities were drilling down past supports. That gave me the confidence to keep buying IREN into the uptrend. Looking at it now, the options open interest and volume should have clued me in that there's enough liquidity to help IREN stick to the vanna/gamma playbook.
Thanks for writing this, it clarifies a lot. Your breakdown of the greeks really helps connect the dotts from your last article on AI volatility. Very insightful.
Glad this helped! Instead of just listing my wins, I’m trying to focus on the thought process behind the strategy.
The dealer flow anaylsis really shows how volatilty can be your freind if you understand the greeks. That 24.7% pop into earnings was insane and your disipline to lock in profits around $74 was smart. The way vanna and gamma positioned around the $58 level gave some clear entry points.
IREN respected vanna and gamma levels since early October when other equities were drilling down past supports. That gave me the confidence to keep buying IREN into the uptrend. Looking at it now, the options open interest and volume should have clued me in that there's enough liquidity to help IREN stick to the vanna/gamma playbook.