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Tuesday, June 2, 2020
the-quad-witch-glitch:-here’s-why-stocks-soared-into-this-morning’s-open

The Quad Witch Glitch: Here’s Why Stocks Soared Into This Morning’s Open

In case you wondered why markets exploded higher in the pre-open, here's a simple answer. Thanks to the huge weight of gamma in options contracts tied to the December expiration futures contract, that contract literally exploded higher by 10 S&P points in the 10 minutes before the cash market open (no there was no news…
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