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Price Relationship to Gamma Levels: What does it Mean, How to Watch, & Where Should We Pay Attention?
We know there is considerable noise and confusion regarding gamma, and we work hard to clear the fog for you.
We provide a high-level answer to those questions here in this 🧵
We know there is considerable noise and confusion regarding gamma, and we work hard to clear the fog for you.
We provide a high-level answer to those questions here in this 🧵
1/ By the end of this thread, you'll have answers to the following:
· What is gamma?
· What are some of the key levels tracked by GammaEdge?
· What % of the time are we above/below a given gamma level?
· How do I track these levels and price relationships?
Let's dive in!
· What is gamma?
· What are some of the key levels tracked by GammaEdge?
· What % of the time are we above/below a given gamma level?
· How do I track these levels and price relationships?
Let's dive in!
2/ Gamma is a measure of how fast option delta changes when the price of a stock or ETF changes.
💡Delta can be thought of as shares of a stock or ETF, so if there is a large change in gamma (which directly impacts delta), your exposure to the market changes quickly.
💡Delta can be thought of as shares of a stock or ETF, so if there is a large change in gamma (which directly impacts delta), your exposure to the market changes quickly.
Analysis: #NASDAQ $AVGO
Case 319 #Broadcom Inc.
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
#AVGO 1/3
Case 319 #Broadcom Inc.
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
#AVGO 1/3
Chart 1
Weekly Chart: The huge declines seen in Feb-Mar 2020 found #support at the #Fib 0.50 & cluster bottom. The #SMA 200 and broken #trendline have been reclaimed. The all time high is in sight and we expect price to target 336.49 - close above targets 351.75-360.20.
AVGO 2/3
Weekly Chart: The huge declines seen in Feb-Mar 2020 found #support at the #Fib 0.50 & cluster bottom. The #SMA 200 and broken #trendline have been reclaimed. The all time high is in sight and we expect price to target 336.49 - close above targets 351.75-360.20.
AVGO 2/3
