Chart: JP Morgan
— Markets & Mayhem (@Mayhem4Markets) April 28, 2024
For those that do not yet fully appreciate this concept, it's a simple business strategy.
Market makers are not in the market to lose money.
They have to hedge their delta exposure, so when they sell a put contract, they sell the underlying to neutralize downside risk if the…
— Markets & Mayhem (@Mayhem4Markets) April 28, 2024
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