Friday, August 09, 2024 1:55:48 AM
https://www.dtcc.com/-/media/Files/pdf/2023/11/15/a9356.pdf
Today we had a low to medium volume Green Day which developed a new base value
Are we able to close above max pain in the mid to high twenties putting ITM options available for exercising tomorrow close ?
Then those ITM options are exercised into the August DTCC repricing event and settlement
Cascading into the woods of more ITM mid month august options creating a giga options gamma ramp for a potential summer sausage squeeze
https://optionalpha.com/learn/gamma-squeeze
Then add some foreign swaps or leap contracts that may come due from prior holidays of 2021 2022 or 2023 from our not so distant past now due for repricing and settlement
Wild green card here is
Kitty Jimmy sec filings triggering FOMO
Fed EM rate cut which triggers finishes and closing of the currency carry trade derivatives contracts for everyone
Or Fed increases rates causing
Margin calls for those who can’t afford to rollover payments for existing swap contracts
GLTA
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