Disclaimer: Not investment advice. For informational purposes only.

This is the clearest video I’ve seen that explains the mechanics of options

OPEX trade. For today’s OPEX (options expiration) day, I have tested an iron condor trade on $GME (sell/buy 210/220 calls and 200/190 puts), of selling premium ATM options on the thesis that $GME stays between 200–210 for opex day.

Why? Two guesses — balanced GAMMA and expected PIN action.

Gamma. Option dealers (which assume are a significant part of options OI) hedge the stock exposure (i.e. delta) of the options they have sold, for example buying stock to…

Henry Chien

Investment analyst and biohacker

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