NFT Momentum | The 0 DTE option gammageddon, Managed Futures, jump risk, and NFT liquidity cascades
Pirates of Finance
00:00
The Top of Book Liquidity Doesn't Mean Anything Now
This clearly isn't a standalone trade. This was either someone who was trying to hedge some gamma, or this was part of multi leg trade that we're just didn't see the other side of. The notional value of the dealers hedging in the futures $2 billion. It's shocking that it didn't cascade into a sell off and they were able to take advantage of it at that size. There's really, I don't want to say there's only two paths, there's way more than two paths, right?
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