Notice how those red bars signal negative gamma exposure?
Lately the 0DTE straddle's been trading at just 35-40 basis points—dirt cheap by any standard. What's interesting is we're seeing substantial negative gamma building on the upside. Usually you'd expect heavier call selling activity in same-day expiry trades, but that's not what's happening.
Seems like option sellers are actually showing some respect for how inexpensive these contracts are. When premiums get this compressed, the smart money doesn't blindly sell—they recognize the asymmetric risk.
My take? This dynamic has ignited quite a bit of repositioning across the board.
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FomoAnxiety
· 12h ago
Damn, this gamma risk is pretty interesting. Looks like the whales are indeed buying the dip on 0DTE.
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AirdropHustler
· 15h ago
35-40bp 0DTE straddle is really insane, this round of negative gamma piling up is something else
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GmGmNoGn
· 15h ago
35-40bp 0DTE straddles are ridiculously cheap, and sellers are actually showing some caution this time? Looks like they're not that dumb after all.
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MetaMaximalist
· 16h ago
yo the fact that smart money's actually *not* panic-selling into these compressed premiums tells you everything about where we're at in the cycle rn
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BugBountyHunter
· 16h ago
Damn, this round of gamma is kind of crazy... 35-40bp is ridiculously cheap.
Notice how those red bars signal negative gamma exposure?
Lately the 0DTE straddle's been trading at just 35-40 basis points—dirt cheap by any standard. What's interesting is we're seeing substantial negative gamma building on the upside. Usually you'd expect heavier call selling activity in same-day expiry trades, but that's not what's happening.
Seems like option sellers are actually showing some respect for how inexpensive these contracts are. When premiums get this compressed, the smart money doesn't blindly sell—they recognize the asymmetric risk.
My take? This dynamic has ignited quite a bit of repositioning across the board.