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qeternity
5y ago
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Sort of. Delta neutrality is a target, not a given. Gamma is what forces MMs to hedge. They have been absolutely steamrolled by gamma which would leave them massively net short when you’re facing 100-200% gaps.
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ivalm
5y ago
· 1 in thread
They need neutrality by end of day per reg. Bid ask spread is wide precisely because it’s super volatile.
qeternity
OP
5y ago
No they don't. What regulation are you talking about?
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