I was watching the tape. some of those buy sweeps were extremely unusual and unordinary. huge 10 million dollar blocks of call strikes two thousand points out of the money is extremely odd. ok yes, and go ahead and discount my comment as silly if you will I don’t mind and I expect it. But yes “contextually sellers had everything in their hands to cause damage” however I’m not so convinced that sellers were weak and allowed the reversal back to yesterdays VPOC. something unnatural happened. the administration and treasury secretary’s speeches aligned with the 10 year auction and the FOMC minutes. And that’s when the tape started behaving like that. That’s not normal. That’s intervention. That’s the plunge protection team. And it’s not a conspiracy theory. It’s real. It was announced today that the NY Fed officially had been intervening in FX markets very recently. Ok I’m done. Feel free to trash my post.
I saw massive orders at 15:58:38. My best guess (which aligns with your theory) is due to gamma (gex) positioning for market makers. If 7850 broke, there would have been a negative gamma liquidation break. Market makers wouldn’t let that happen as they were already -30 mil in gex exposure so they were recycling every sell order that came in. It was quite the battle
From me, and all the Franks, Thank you Smash !
Thanks Smash🎯
Thanks. Think you meant Tuesday’s range in the last sentence
Ah, typo! Thanks!
That’s what I’m here for.
Thank you Smash!
Thank you
Thanks smash great levels
You are a master
Thanks Smash!
I was watching the tape. some of those buy sweeps were extremely unusual and unordinary. huge 10 million dollar blocks of call strikes two thousand points out of the money is extremely odd. ok yes, and go ahead and discount my comment as silly if you will I don’t mind and I expect it. But yes “contextually sellers had everything in their hands to cause damage” however I’m not so convinced that sellers were weak and allowed the reversal back to yesterdays VPOC. something unnatural happened. the administration and treasury secretary’s speeches aligned with the 10 year auction and the FOMC minutes. And that’s when the tape started behaving like that. That’s not normal. That’s intervention. That’s the plunge protection team. And it’s not a conspiracy theory. It’s real. It was announced today that the NY Fed officially had been intervening in FX markets very recently. Ok I’m done. Feel free to trash my post.
I saw massive orders at 15:58:38. My best guess (which aligns with your theory) is due to gamma (gex) positioning for market makers. If 7850 broke, there would have been a negative gamma liquidation break. Market makers wouldn’t let that happen as they were already -30 mil in gex exposure so they were recycling every sell order that came in. It was quite the battle
Wish I could send photos, would make it a little easier