Options Hedging for 20 SEP 21: SDC IRNT GME SPY+

2021.09.20 07:11 StarSwitch Options Hedging for 20 SEP 21: SDC IRNT GME SPY+

TLDR: Stop gambling you allowance money without doing some due diligence. Read and you might learn something.
Some intro: I model how market making options moves underlying stocks. This has led to some cool predictions like a certain GameStore on a certain week in January doing some unusual things. Seriously go check my stuff out. Options move the underlying in a very quantifiable manner. Additionally examining the OI gives insights into market sentiment and price expectations.
Some requisite information and assumptions before getting started.
Options are extremely volatile. That's why we're all here but Market Makers follow rules about hedging risks and for good reason. Near all options liquidity is provided by these firms which write the contracts and make money scalping the Bid/Ask (literally making the market). MM's usually have both ends of a trade, i.e short both calls and puts, which balances out but the net difference results in a directional position. This has to be hedged for multiple reasons not limited to 1. going bankrupt and 2. betting against clients (this is serious.) They make their money from scalping the B/A and IV crush. Options are priced that if Δ neutral, the MM makes money when IV decreases and loses if it increases.
That brings us to Delta (Δ). Δ is the rate of change with respect to spot price (+/- $1). Now that doesn't mean anything but think about Δ as the % chance an option expires itm (implied moneyness). This is also the directional risk for a MM who wrote the contract. Gamma Γ is the rate of change of Δ for +/- $1 on the underlying. Γ is also hedged on MM books. This is done by trading shares and contracts of the underlying which influences price discovery resistance levels.
To model this we make a few assumptions:

This will be less in depth and more broad in scope than my previous work. More of an overview for the week. A few of these tickers (the SPACS) were requests and not my own positions. Also ignore the "Hybrid Factor %". I'm trying something new to measure signal. Higher should be better but idk if if works yet.
SPY ($441.40 Spot)

This thing is kinda scary
SPY
SDC ($6.70 Spot)

https://preview.redd.it/1cxrfjvlblo71.png?width=1100&format=png&auto=webp&s=88bc912537c573a189f922cd0ebc12f04d2845ca

SDC
TWTR ($62.47)
https://preview.redd.it/d52lkvgoblo71.png?width=1122&format=png&auto=webp&s=4b9026629a847113c6b67db34aa5ee7d07a3653e
BKSY ($11.57 Spot)
https://preview.redd.it/e4aw1eyublo71.png?width=1152&format=png&auto=webp&s=eda782f65cc2ee997ef80b286b0f2990caaa0379
UPST ($303.32 Spot)

https://preview.redd.it/c7oblzzwblo71.png?width=1092&format=png&auto=webp&s=a7e1c6645e7b1774470513c927b0d4038d9fa037
VLTA ($13.04 Spot)
https://preview.redd.it/9egfyhr1clo71.png?width=1054&format=png&auto=webp&s=8fb84e773906650e7d27aa016c97a1e07d9de2a7
IRNT ($30.26 Spot)
https://preview.redd.it/jggf76caclo71.png?width=1146&format=png&auto=webp&s=ac2787d4e44ff00bda494a89c23b0b64ecd5d263
FUSE ($10.02 Spot)
https://preview.redd.it/b2mor4gdclo71.png?width=1104&format=png&auto=webp&s=140391358d8daf3bbc2d059ebcc96e25c6f8fc02
TSLA ($759.49 Spot)
https://preview.redd.it/9n5fa6efclo71.png?width=1330&format=png&auto=webp&s=45918ec273eb580e752a309d705593f08d892c34

Options as a % of Volume is weak here
GME (204.97 Spot)
https://preview.redd.it/oucymgqlclo71.png?width=1044&format=png&auto=webp&s=eaf5f1db3aee6aa4688de29e74a28162d4f7cdbf
https://preview.redd.it/xto2bvumclo71.png?width=588&format=png&auto=webp&s=541cb9fe0bc97ad18ea24c67e0a6c20de5445a65
Thats all folks. Have a great week. If you have any ticker requests, drop by.
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2021.09.20 07:11 Sandbuster18 Richard Bass - Her Eyes [Progressive House Worldwide]

Released: 2021-09-17
Richard Bass - Falling in Love
Richard Bass - Her Eyes
DOWNLOAD - https://progonly.com/2021/09/19/richard-bass-her-eyes-progressive-house-worldwide/
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2021.09.20 07:11 GrandSupremeOverlord Big brain meme

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2021.09.20 07:11 bjornulsen Umbrel stopped syncing blockchain.

My Umbrel have stopped syncing at block 413 551. Its been stuck there for at least a day. I have tried rebooting the PI, but nothing happens. Anyone had similar issue, and found a fix?
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2021.09.20 07:11 johnnybravobabes Khushi Kapoor showing off her melons

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2021.09.20 07:11 rengoku1g5 coado o t3ddy fala alguma coisa inscrito refutar

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2021.09.20 07:11 TwoThreeSkidoo How do I get FL as a returning player on PC?

Had it on XBox. Just wondering if:

  1. I need a specific expansion
  2. There is a good place to farm for it
?
I know it's been nerfed, but I loved the play style. There're like 0 FPSs nowadays that have bouncy GLs that are fun. Shooting in a straight line and not calculating trajectories is so boring :(
(yes, I grew up on Tribes)
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2021.09.20 07:11 ksaler13 Terrance camping and security!

It's my first time at the gorge and doing camping at a rave so I'm just wondering how is the security going to be? It says the cars will be throughly searched..what does that entail? Is it super deep or they just look over things? Are there normally dogs? Do we get our cars searched the same time we are searched? Just wondering and if you can answer any I'd appreciate it:)
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2021.09.20 07:11 getboy97 Recommendation on high quality camcorder for home movies/capturing day to day conversations and performs well in low light

Ive been getting an itch to start filming the things around me just like the good ol days, but have been confused with all the options out there.
I initially bought the Sony - Handycam AX53 4K Flash Memory Premium Camcorder - Black from best buy but ended up returning it because it didn't seem that great quality wise from my HD sony flash handycam from 2012, the experiences almost felt the same.

What's important to me is something that can stabilize well, be decently portable for travel (i dont mind carrying it in its own bag) and something that can capture well in low light.
I've been considering the FDR-AX700 and the Vixia, but i also don't know much about camcorders , can you please help me with suggestions?
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2021.09.20 07:10 imtoocoldforthisshit Slow night on here so I figured I'd use this opportunity to spark a discussion about something that's sort of been forgotten amongst this crazy offseason.

FUCK THE BRUINS.
DARN THEM. DARN THEM TO HECK.
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2021.09.20 07:10 hahehihohu7 About Vini: Things are better than they actually look

I have been seeing it a lot lately as general consensus that Vini has unlocked finishing. And I don’t disagree but it’s not the whole truth.
Vini has unlocked better decision making in the final third. His confidence and calmness in the opposition’s box is making all the difference. It’s not just his shooting, his passing, 1 on 1 take ons and the ability to make darting runs have improved significantly.
It’s not easy for a young talent to blossom in a club like Real Madrid. And he has had his fair share of criticism as well. Not just that, we all wanted the 🐢 and never really gave any thought that it might just halt vini’s development. And I get it, that it’s not a wrong thing. We all want what’s best for Real Madrid. But think of it from Vini’s perspective. It must not have been a great feeling.
Yet the boy rises, despite all odds and trolling, by finding out where he lacked and working on it. And there will be matches still, where he won’t be able match our expectations and all I request from everyone reading this is to be kind and believe in him.
Cause this boy is gonna give everyone a run for their money at that LW, even our beloved turtle. Good times ahead. Hala Madrid!
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2021.09.20 07:10 cookNOLA Check Engine Light

Alright y’all. Got one for you. 2000 Sahara. 154xxx miles on the clock. It’s been raining cats and dogs here in good ole Nashville. Drove to work just fine. Parked in a covered garage. Just fine. Go to leave and it pops up just yelling at me when I put her in drive. Tried running the self check but nothing came up at all. Tightened the gas cap assuming evap leak. Anyone seen this happen before? Gonna run to AZ in the morning and throw their ob reader on and see but I’d like to know if anyone else has this happen.
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2021.09.20 07:10 HelloooJames Is Night Mode on other rings/when will it arrive?

Other than the Alpha skip ahead ring, are there any other insider rings with access to night mode? If not when can this feature be expected anywhere?
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2021.09.20 07:10 Agreeable_Barber_810 Download Citations | ACS Publications

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2021.09.20 07:10 Nathy7w7 Trading banana cow ^^

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2021.09.20 07:10 trobertson84 Finished up a few Death Watch customs today.

Finished up a few Death Watch customs today. submitted by trobertson84 to starwarsblackseries [link] [comments]


2021.09.20 07:10 Fenics5 OG Pixel with lifetime unlimited photos

Hi everyone. I wanna by OG Pixel or Pixel XL for using for it to upload original quality photos to Google Photos. Do I need to buy a brand new, never activated by any Google account phone, or I can buy a used and it will work for lifetime uploading photos ?
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2021.09.20 07:10 Psychological-Emu-68 Spicy food

I'm look for restaurants that serves spicy food in Auckland.
For reference, I can take 2X fire noodle with ease and that is about 10,000 scoville heat units.
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2021.09.20 07:10 random___pictures1 Europeans only: do you own a Moped?

Do you own a moped? I’m thinking about getting myself a NIU NQI electric moped, but it’s pretty expensive (2000€ +insurance+drivers license)
So I think I’ll wait until I can get a car license
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2021.09.20 07:10 squatsandshotss Can you believe in the last week I've matched with both a Max AND a Nev lookalike from Catfish 😂

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2021.09.20 07:10 Beneficial-Driver345 Objects for Hope/Faith

This may seem random, but does anyone have favorite things that they believe brings them luck or has helped them in this process (or hope will)-- Like crystals, beads, bracelets w certain pendants, prayer cards, etc. After a total failed fertilization my first round, I'm looking for anything to give some glimmer of hope, maybe just a sense of calm. My faith is all over and this process defintely tests it, but I'm open to suggestions. I grew up with patron saints and a St. Gerard token is on the way, but any other suggestions? Sorry if this is very random.
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2021.09.20 07:10 ApilotThatisRadom [W] Eat a box of crayons and shit out a rainbow.

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2021.09.20 07:10 failjolesfail Sibling Set for Rose

First baby was Rosalind Peter. It is the perfect name. We call her Rose.
If second baby is a boy, would be:

They don’t really roll off the tongue, but they’re memorial names.
I won’t name my daughter Constance, though, so I have no idea what to do for a girl. Any of those male names (plus David) would be middle name for a daughter, but first name is wide open.
Thoughts?
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2021.09.20 07:10 Frederer99 Cluttered but its the best i can do

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