There is way too much FUD about options floating around subreddits that should be cleared up and I'm here to explain how buying the CORRECT options are great for a gamma squeeze and even the MOASS.

First of all, why are options; especially monthly and equity leaps (January & June) expiry options (at 1-2 weeks until expiry) important? The reason why those options are important is because these options are packed with a lot of open-interest as it's a metric of how many option units exist and held in brokerage accounts. The more call options that are bought-up, the higher the open-interest and the more pressure to the market-makers there is. The reason why 2 to 3 weeks to expiry options are important, is because there's a shorter time for market makers to buy up 100 shares per contract to hedge their position and forcing the price up, I'll explain more a bit after this.

Second, and this is where the important stuff begins. Why are high Delta options important and why you should buy them slightly ITM? Well, when you buy an option, you're basically buying the right, but not being obligated to buy 100 shares per contract at the selected strike-price you choose to buy, on the other hand; the market makers who sold you the call MUST IMMEDIATELY buy the amount of shares proportional to the option Delta at the time you bought it at.

Let's look at the January 21 option chain and how to buy the correct options.

AMC January 21 Option Chain

Looking at the AMC Options chain, there are three strike price calls that are really great to buy at. Looking at the $12 & $14 strike price, you can see that the Option Delta is very close to a value of 1, this means hedgies must buy 99 & 95 shares respectively at these strike prices at the time you buy the option. If the ITM call is exercised hedgies must IMMEDIATELY BUY 100 shares per contract to hedge being assigned.

What is Gamma? Gamma refers to the rate of change of an option's delta relative to the stock's price, a lower Gamma means the Option's delta changes less with the price; and vice-versa. When buying an ITM call option further from expiration (say 2-3 weeks), the strike price of $12 would be the most ideal as it's deeper ITM with a very high Delta and the Gamma is lower. But if it's much closer to expiry (say 1-2 weeks or less) I would buy the ATM call option with

I haven't read the novels yet, but what happened to the 300-330 Spartan IIIs that were on Onyx (I think?). Are they just forgotten 300-330 of the finest soldiers and spartans out there? Are any active? Maybe I'm just missing something, cause I'm too broke to buy the novels🥲😢.

I'm getting the Delta LT as a lightweight fleece to wear around the home in the mornings and outdoors for slightly cool temperatures. It's replacing another grid fleece that wasn't full zip and didn't have a hood.

I was also interested in softshells, as I don't need a full GoreTex shell but want some light weather/wind protection. So, I looked at the Gamma series with the Gamma LT and Gamma MX.

I haven't had the opportunity to try any of these on, but I'm wondering if the Gamma MX, with it's insulation, could be replaced by layering the Gamma LT over the Delta LT. As I'm getting the Delta LT already, this would be more versatile, at least for the milder climate I live in.

Case kicked everyone out of the Delta Gamma sorority house with a 1 week's notice because they are turning the house into quarantine housing. All of them are being moved into random housing. I understand that with omicron there will likely be a surge of COVID cases, but I think the way Case is going about this is extremely unfair. As far as I know, they are the only sorority being displaced. Here is a link to a petition: Save Delta Gamma From Displacement. Thoughts?

How does gamma-delta t-cell receptor interact with the antigen ( is the antigen presented to the t cell by an antigen presenting cell ) ??????

Delta doesn't have N501Y. Alpha, Beta, and Gamma have N501Y, but don't have T478K.

So, N501Y + T478K = It's Omicron and not Alpha, Beta, Gamma or Delta.

// Among the 15 aa mutations of the Omicron variant, some were similar to the mutations in other VOCs: the K417N mutation is also found in the Beta variant, the T478K mutation in the Delta variant, and the N501Y mutation in the Alpha, Beta, and Gamma variants.

All these mutations might affect the ACE2 binding efficacy and immune escape.

The N501Y mutation is found in approximately 90% of all sequenced Omicron variants, K417N and G446S mutations in approximately 40% of sequences, and S477N and T478K mutations in approximately 60% of the sequences.

https://www.news-medical.net/news/20211215/Receptor-binding-of-SARS-CoV-2-Omicron-variant-compared-to-other-variants.aspx

https://preview.redd.it/x5narso5qrj71.jpg?width=1500&format=pjpg&auto=webp&s=2ef93dba2ec24af6881b39e129ba75f45b42498b

Apes,

Buy and HODL GME. This is the only way. I did buy (10) $950 2023 calls a couple months ago. I have bought and held shares each and every week since Jan. I have bought at $500 plus premarket in Jan and bought in the $30s. I have a nice collection going.

Now, with that said, I'm going to talk about Options purely to explain the fuckery that I see. I have traded a long time. I've never seen any other stock not respond to an literal Gamma Ramp sitting on top of it. I saw this happen a couple weeks ago during a hype date with a Gamma Ramp that didn't get used. Something is VERY fishy about this compared to other stocks and gamma ramps that I have seen in my years of trading.

Now, Need some help. Can someone explain how GME has that much call (buy) side pressure, a normally skewed buy to sell ratio on Fidelity, a HUGE gamma ramp setup for yesterday/today and yet the stock isn't moving??? I've checked the put volume that has came in and it's not large enough to hold this stock back from being properly hedged.

This is as of right 5pm Aug 26th 2021

So what gives? Other stocks would fly up with that ramp in place, how is it being held down today? I'm watching multiple streams and an options scanner on GME for incoming ITM Puts to tank the price.

So far, the only thing I can come up with is that Fellow Chicago buddy The CBOE and Market Makers (Citadel is GME's Market Maker) are not being safe with GME and derivatives . I think they are trying to give themselves as much time as possible to get retail to sell their options....without actually properly remaining delta neutral.

This is similar to what happened back in Jan when they started to lose control and it started to get away from them. They got flooded with cheap calls and they couldn't keep up. There were no shares back then and now the problem is bigger. I think they simply aren't hedging properly. If Tuesday comes around and this stock needs to find an additional 1.27 million shares (If the price doesn't rise up tomorrow and stays right here at 205) this will push the price further up.

The bid ask / spread is still super far apart which means movements will be violent.

Hallo liebes Hebelwerk,

Die letzte Woche war blutig für die meisten von uns. Anstatt ins Depot zu schauen hab ich mich entschlossen mein Wissen über Optionen zu erweitern und möchte eine kleine Zusammenfassung der sog. "Greeks" hier veröffentlichen, welche dem einen oder anderen bestimmt helfen kann die teilweise komplizierten Diskussionen über und mit den Greeks zu verstehen.

Was sind Griechen und wozu braucht man sie?

Optionen tragen Risiken, um diese besser zu veranschaulichen wurden die Griechen erfunden. Es gibt verschiede Griechen und jeder Buchstabe kann anders benutzt werden, sodass die unterschiedlichsten Strategien entstehen.

Die Griechen werden jeweils mit der ersten partiellen Ableitung des Black-Scholes Modells berechnet.

Delta, die Veränderungsrate

Delta ist die Veränderungsrate des Optionspreises in Bezug zur einer Preisschwankung von 1$ des Underlyings. Eine Call-Option hat immer einen Delta zwischen 0 und 1; eine Put-Option einen Delta zwischen 0 und -1. Wenn wir also beispielsweise eine Call-Option mit einem Delta von 0,5 besitzen und unser Underlying steigt um 1$, so ist unsere Call-Option 0,5$ mehr wert.

Delta kann aber auch zum Hedgen benutzt werden, um eine "Delta-neutrale Position" zu haben, also eine Postion dessen wert immer gleich bleibt, egal wie sich das Underlying bewegt. Dazu nimmt man den Delta der von uns gehaltenen Call-Option und multipliziert diesen mit 100. Den Betrag des Ergebnisses gehen wir short mit Aktien. Wenn also unser Call einen Delta von 0,6 hat, multiplizieren wir diesen mit 100 (=60) und gehen also 60 Aktien short. Egal wie viel sich das Underlying bewegt, unsere Position bleibt +-0.

Theta, das Spiel gegen (oder mit) der Zeit

Theta veranschaulicht die Preisänderung der Option wenn jede andere Variabel gleich bleibt. Wenn wir also eine Put-Option mit einem Theta von -0,3 halten, dann würde unsere Option jeden Tag 0,3$ weniger Wert ein, voraussgesetzt alle anderen Variabeln bleiben gleich. Theta fällt bei Optionen wenn diese ITM oder OTM sind, bei ATM Optionen steigt dieser Wert. Theta steigt außerdem sobald das Expiry Datum der Option näher kommt.

Für Long Calls und Puts ist Theta ein Feind. Wenn man aber Short Calls oder Puts Postionen eröffnet, spielt dieser Wert einem in die Hände, da Short-Seller von fallenden Preisen ihrer Optionen profitieren. Short-Option Positionen haben immer einen postiven Theta.

**Gamma, warum si

####Birth Of The Omicron Family: BA.1, BA.2, BA.3. Each As Different As Alpha Is From Delta.

• Forbes
• William A. Haseltine

There's another surprise buried in the emergence of Omicron. The variant is not a single strain, but rather a family of three: BA.1, BA.2, and BA.3.

Each of these variants is as different from one another as Alpha, Beta, Gamma, and Delta are from one another. What this means for the current state of the pandemic is uncertain. However, one thing is clear: SARS-CoV-2 has an enormous capacity not only to continue to produce new variants, but variants that surprise us both in their number and their biological properties.

As with any variant of SARS-CoV-2, we return to the source of the virus: the wild-type Wuhan strain. This is the blueprint for all variants to come. The significant variant has no Greek letter name, but rapidly displaced the Wuhan almost everywhere in the world except East Africa. Here we call it the Triad, a name that denotes three mutations, the D614G mutation in the Spike protein, the P323L mutation in the NSP12 polymerase, and the C241U noncoding mutation in the 5’ end. The Triad is the founding variant of all variants of concern viruses.

FIGURE 1: Evolutionary distances between major variants of concern, the Omicron family of viruses, and select African “A” viruses. The number of unique mutations is noted for each variant, illustrating how different the sublineages are from each other compared to other major variants. We have shown the divergence of the African viruses early because of the absence of the Triad mutations.

We note that the Omicron variant significantly differs from other major variants of concern. We identify a precursor, which we call the Omicron parent, likely to have risen about March of 2021. The three sublineages share 39 mutations, which we include as the presumptive "Omicron parent.”

The Omicron parent diverged into the Omicron family: BA.1, which contains an additional 20 mutations; BA. 2, which includes an additional 27; and BA.3, which consists of an additional 13. Remarkably, all the family members were detected simultaneously in South Africa, although they likely diverged from one several months previously. This is a unique example of such highly divergent strains appearing in a population simultaneously.

Preview: https://12nb34.tumblr.com/post/674476108998115328/as-with-any-variant-of-sars-cov-2-we-return-to

Source: https://www.forbes.com/sites/williamhaseltine/2022/0

Was deriving a formula for delta-gamma hedging and wanted to know how prevelant is that in the markets.

-> Wouldnt it be too expensive ? You would be loosing spreads in another option as well on each day of hedging ( and option volumes can fluctuate a lot due to movement in underlying that can affect the bid-ask spreads )

-> Or could you just do gamma hedging just at initiation (less-frequently) and do delta hedging during the life (frequently) ?

I know that delta hedging is quite common in trading world ( from readings). But never heard a word about gamma hedging.
P.S.: I am a student

Edit: I want to clarify a few things. I am NOT advocating any specific strategy. I DO want to foster an in-depth evidence based discussion of what is right and wrong about ape stances on options. So far, this much seems clear:

1. OTM calls, especially deep OTM are a huge waste and line Kenny’s pockets. No apes should even consider deep OTM options.
2. ITM calls, especially deep ITM calls are safer and would apply buy pressure from Kenny delta hedging to remain neutral in case we exercise ITM calls.
3. If each ape hypothetically bought a single deep ITM call with a long exp, they could exercise it post-MOASS, and it would cause a huge amount of buy pressure from Kenny delta hedging in case apex exercise. It also allows apes to sell all shares during MOASS then exercise the single call post moass so we can hold GME long term.
4. None of this overrules BUY AND HOLD SHARES.

I’d appreciate any thoughtful discussion, especially evidence based discussion, about the above.

So I’m at home minding my own business, surfing YouTube after I finish watching GG destroy CNBC’s hopes and dreams, and I come across a video that claims to have a “Barclays Strategy that Beats the Market.” This damn video has been on my recommendations for weeks, but I never watched because who cares, I’m all in GME and I hate clickbait. Then tonight, I see that the same channel did a video about DFV and value investing and I was like, “Hmm, maybe I’ll watch the stupid Barclays one out of sheer curiosity…” Damn you click bait!

Here’s the video if anyone is interested: https://youtu.be/8pYgz4YlQnE

So I’m watching, and he basically goes through this Barclays report which he links here: https://www.docdroid.net/5gM68EW/barclays-us-equity-derivatives-strategy-impact-of-retail-options-trading-pdf#page=15

If you don’t want to follow the link, don’t worry, I’ll post the most relevant page in a second.

So one thing in the video jumped out at me, and it was the part when he was talking about market makers delta hedging with options that jumped out at me. Here’s the relevant page from the report (page 15):

https://i.imgur.com/6irldBa.jpg

It basically says that when there’s a large volume of call orders, if the market maker can’t immediately hedge by selling a put, then they buy stocks to hedge the calls they sold. This creates huge buying pressure on the stock resulting in gamma squeezes.

Most of you, I believe, understand this. Yet, for some reason, the prevailing wisdom among apes h