It's over / We are so back

Holiday illiquidity continues

Hello All,

Here is how I would describe these last two days in the markets…

Saw quite the decline yesterday which was about 70 handles on Spooz that triggered once 4750 broke when a big 0dte player came in sending the markets back into negative gamma as well as causing dealers short gamma to hedge which exaggerated then move… especially given it was holid…