The Gams in the Exchange Option Market

The higher the val, starting at geekin everybody here, the higher the vaal, the lower the gamma. So in that sense, when you have very high vals, that kind of no will reduce the market. Lower admilan gamma, but, but side gamma increased. The gams lowr no mater. There is a fundamental aspect, and that it's themino on of illiquidity and air gaps, combined with insolvency, is what causes sustained vall. But i'm not quite convinced of that like the pepundante that put out these these charts every day about the gam exposure on the street. That's a simton who's getting painted salary

Play episode from 06:10

Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app