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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: #GOOGL
Case 10 #Alphabet Inc Class A
Alphabet Inc. was created after a corporate restructuring of #Google Oct 2, 2015
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
Thread 👇👇👇
1/16
Case 10 #Alphabet Inc Class A
Alphabet Inc. was created after a corporate restructuring of #Google Oct 2, 2015
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
Thread 👇👇👇
1/16
Google had been in a healthy uptrend ever since it was launched as an #IPO. A broad $300 range developed in July 2018 and this range is still being played out.
2/16
2/16
Chart 1
Monthly Chart: #Trendline and #trendlinepivots drawn off the most reliable closes. Horizontal #pivots off peaks act as strong support.
3/16
Monthly Chart: #Trendline and #trendlinepivots drawn off the most reliable closes. Horizontal #pivots off peaks act as strong support.
3/16
