henchman24
Active Member
It is where put and call gamma have a divergence, meaning that movement into that area will have a disproportionate amount covering on the put side. Which will increase the divergence becoming a squeeze cycle. They can happen both ways. 720 is really starts, 760 gets really wide. If it gets going, it will take at least 3-4 weeks to unwind.Can you please elaborate? Why is that number significant and why do you think this is just shorts covering?
Thanks
There will be huge pressure to keep it under 720 and even more to keep it close to 720.