Put-Call Ratio Roars To Record High Ahead Of $2 Trillion 'Negative Gamma' OpEx

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by Tyler Durden
Friday, Aug 18, 2023 - 02:25 PM

Today's option expiration comes at the end of the worst week for US equities since the collapse of SVB triggered a mini-crisis. According to former Goldman options guru Rocky Fishman, founder of derivatives analytical firm Asym 500, some $2.2 trillion of longer-dated contracts tied to stocks and indexes are scheduled to expire today.

Given the recent, rather aggressive moves lower in the major US indices, today's Options Expiration has shifted from a neutral expiration to one which is more put weighted (blue bars = puts, below).