TSLA Gamma Noon

24 בנוב׳ 2021

TSLA briefly dipped into negative gamma zone, but was able to launch a reversal. Total gamma increased from 37M yesterday to 56M, where as a whopping 4M gamma notional was added at the 1200 strike, while at 1100 the negative position was reduced by 1.4M , which are bullish signals. If we go above 1125 the picture would definitely turn even more friendly.

Also: See my SPX EOD Update to learn more about how put barriers influence reversal dynamics.