Two Sentence Traders

UVXY call gamma builds ahead of tomorrow's Vixperation

By rummy ·

Call gamma on UVXY's 30 strike is climbing on short-dated expiries, that's traders buying protection into tomorrow's Vixperation. Doesn't mean a spike is coming, but the crowd clearly isn't comfortable sitting naked through it. Small hedge or sit on hands, just know the vol event's on the calendar.

chart


Aggregated and distilled by Two Sentence Traders. Not financial advice.