מדד S&P 500

Postive Gamma for Everyone!!!

This weeks update on hedged equity funds sees all the funds flip positive gamma.

Forecast for following week is:

Lower volatility = Smaller Distribution.
Positive Gamma Exposure across broader market = Smaller Distribution.

Slow melt up. Approx ~0.4% a day if GEX stays positive in the following week.

JHEQX
At the top of the call range. Nearly identical pattern tracked the entire previous quarter.
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As a result of JHEQX being supportive, the vix recedes back to mean reverting.
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Another vol compressing pattern formed. A Mirror to the previous one except without as much volume compression.
Volatility Compression Footprints


VIX still has room lower as fears of BTC contagion subside.
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All hedged equity funds are now positive gamma.

JHQDX
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JHQTX
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