#Trend & range days
2 public posts on this topic.
Record
Two days with the same gamma — the two measurements that separated a trend from a range
Both sessions were solidly in positive gamma. One climbed 87 points; the next spent the day inside 25.9 points and closed where it started. I measured how persistent the flow was and how thick the put gamma sat next to price.
Theory
On a trend day, I put credit spreads on the side price has already left
Put credit in the path of a downtrend, call credit partway up a rally. Three days of my own trades, and where I now place credit spreads on trend days.
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