Sticky gamma?
Dealers have moved well into long gamma territory here. So far, moves have been rather "impressive". Will we get a market that is more pinned until expiration, dealers flushed in long gamma that will suppress vols even more? That is our "optimal" set up that will hopefully provide good entry points for long premium/long vol trades soon. Spotgamma writes: "With more than 30% of total S&P gamma expiring Friday, there is the potential that sticky hedging supports sideways to higher “pinning” at
