When I was in college, Friday nights were the highlight of the week, since we had a chance to see Flunky the Late Night viewer mail clown. Back in those days, there was no YouTube or other way to get video on demand; we were at the mercy of whether Flunky actually happened to show up. Now, in the modern age, we can enjoy his entire history any time it strikes our fancy. Here’s the master:
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Over the weekend, I introduced Slope to some DIX pics. Now I would like to introduce you to the GEX which is short for “gamma exposure”. Basically, it’s the numerical sum of all the long gamma minus all the short gamma on S&P500 options (not SPY).
If you’re not familiar with gamma, here is the official definition:
“Gamma is the rate of change for an option’s delta based on a single-point move in the delta’s price. Gamma is at its highest when an option is at the money and is at its lowest when it is further away from the money.”
According to their whitepaper they calculate it as follows:(more…)
You best believe: this thing is real.(more…)
The symbol LOVE looks like it may have topped out:(more…)