/biz/ - Business & Finance

https://youtu.be/dpbE4oCksug

https://youtu.be/dpbE4oCksug
Brent from spotgamma
>0:49
>this is the equity data for all customers retail and hedge funds
>and as you can see yes it’s record buying to open premium
>however, I want to draw your attention to the sell to open premium
>which is actually just as large as the buy to open premium
>and it is also at a record level, actually surpassing the size that was sold back in 2021
>so this offsets - if you look at buying to close, there was not a lot of buying to close this past week
>if you look at selling to close was also rather small (in the equity space)
>so if you net all this flow out, if you take the buying to open, buying to close, selling to open, selling to close
>you net those out, you get this chart in the bottom left which shows us that not too much is going on
>now let’s just look directly at the retail side, this is for 1 to 10 lot transactions
>as you can see the data is totally different
>so that big activity was really driven by hedge fund flow and we don’t know specifically what they’re doing
>we just know if it was in equities, indices, or ETFs
>ETF flow, QQQ / SPY
>big buy to open premium in that space but look at the size at the sell to open premium
>not only that, the sell to close premium, very, very large selling going on across the space
>that washes out, such that when you look at the total premium bought and sold [in index ETFs]
>we are back to 2020 levels, looking like a like a lot of people closed puts or sold to open in this past week
>looking like a lot of people closed puts
>this can maybe be associated with some bottoms in the past
>obviously there was some funky moves around February/March of 2020
>this to me really says something more than just that that put data that’s being passed around
Pic related

Hello, in this post, I will convince you that the market has reached, or is extremely close to reaching, the bottom.
https://youtu.be/dpbE4oCksug
Brent from spotgamma explains it very well
>0:49
>this is the equity data for all customers retail and hedge funds
>and as you can see yes it’s record buying to open premium
>however, I want to draw your attention to the sell to open premium
>which is actually just as large as the buy to open premium
>and it is also at a record level, actually surpassing the size that was sold back in 2021
>so this offsets - if you look at buying to close, there was not a lot of buying to close this past week
>if you look at selling to close was also rather small (in the equity space)
>so if you net all this flow out, if you take the buying to open, buying to close, selling to open, selling to close
>you net those out, you get this chart in the bottom left which shows us that not too much is going on
>now let’s just look directly at the retail side, this is for 1 to 10 lot transactions
>as you can see the data is totally different
>so that big activity was really driven by hedge fund flow and we don’t know specifically what they’re doing
>we just know if it was in equities, indices, or ETFs
>ETF flow, QQQ / SPY
>big buy to open premium in that space but look at the size at the sell to open premium
>not only that, the sell to close premium, very, very large selling going on across the space
>that washes out, such that when you look at the total premium bought and sold [in index ETFs]
>we are back to 2020 levels, looking like a like a lot of people closed puts or sold to open in this past week
>looking like a lot of people closed puts
>this can maybe be associated with some bottoms in the past
>obviously there was some funky moves around February/March of 2020
>this to me really says something more than just that that put data that’s being passed around
Pic related