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lingling07

lingling07

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2022-04-26

$Razer(01337)$lai lai what's the verdict? Delist successful or not? Got instant buy 2.73 sell 2.82?

2021-06-16

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Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets

2021-06-18

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2021-08-12

$Alibaba(09988)$like and comment pls

04-12

So we will see rally again on Monday?

Trump Exempts Phones, Computers, Chips From New Tariffs

2022-02-25

$CENTURION CORPORATION LIMITED(OU8.SI)$disappointing dividend declared

2021-09-09

$Razer(01337)$like and comment

2021-06-23

$Razer(01337)$comment pls

2021-05-23

Like and comment

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2021-09-17

$Alibaba(09988)$like and comment

2021-06-25

Leave comment

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2021-05-23

Comment

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2021-09-09

$HONGKONG LAND HOLDINGS LIMITED(H78.SI)$undervalued with good dividend

2021-06-18

$Alibaba(09988)$huat

2021-09-22

$Razer(01337)$like and comment

2021-09-15

$Alibaba(09988)$like and comment

2021-09-08

$HONGKONG LAND HOLDINGS LIMITED(H78.SI)$like and comment

2021-08-22

Buy now and hold

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2021-08-07

$Alibaba(09988)$like and comment

2021-09-19

$HAIDILAO(06862)$like and comment

Go to Tiger App to see more news

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href=\"https://ttm.financial/S/S61.SI\">$SBS Transit(S61.SI)$ </a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/S61.SI\">$SBS Transit(S61.SI)$ </a>&nbsp;","text":"$SBS Transit(S61.SI)$","images":[{"img":"https://community-static.tradeup.com/news/57c9ab6a221712f21453712675da6c57","width":"898","height":"1530"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/478980376896392","isVote":1,"tweetType":1,"viewCount":583,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":423772030296160,"gmtCreate":1744468087152,"gmtModify":1744468090982,"author":{"id":"3558267776429365","authorId":"3558267776429365","name":"lingling07","avatar":"https://static.tigerbbs.com/a369ade3411ab47e0d3b0f18ce029e2a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558267776429365","authorIdStr":"3558267776429365"},"themes":[],"htmlText":"So we will see rally again on Monday?","listText":"So we will see rally again on Monday?","text":"So we will see rally again on Monday?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/423772030296160","repostId":"1152797433","repostType":2,"repost":{"id":"1152797433","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1744466724,"share":"https://ttm.financial/m/news/1152797433?lang=&edition=fundamental","pubTime":"2025-04-12 22:05","market":"us","language":"en","title":"Trump Exempts Phones, Computers, Chips From New Tariffs","url":"https://stock-news.laohu8.com/highlight/detail?id=1152797433","media":"Tiger Newspress","summary":"Smartphones and computers will be exempted from President Donald 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devices and components, including laptops, semiconductors, solar cells, flat panel TV displays, flash drives, memory cards and solid-state drives used for storing data.</p><p style=\"text-align: start;\">These products eventually could be subject to additional duties but they’re likely to be lower than the 145% rate that Trump had imposed on goods from China.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump Exempts Phones, Computers, Chips From New Tariffs</title>\n<style 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22:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Smartphones and computers will be exempted from President Donald Trump’s reciprocal tariffs, according to new guidance from U.S. Customs and Border Protection.</p><p style=\"text-align: start;\">The guidance comes after Trump earlier this month imposed 145% tariffs on products from China, a move that was poised to take a toll on tech companies like Apple, which makes iPhones and most of its other products in China.</p><p style=\"text-align: start;\">The new tariff guidance also includes exclusions for other electronic devices and components, including laptops, semiconductors, solar cells, flat panel TV displays, flash drives, memory cards and solid-state drives used for storing data.</p><p style=\"text-align: start;\">These products eventually could be subject to additional duties but they’re likely to be lower than the 145% rate that Trump had imposed on goods from China.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","AMZN":"亚马逊",".DJI":"道琼斯","MSFT":"微软","AAPL":"苹果","META":"Meta Platforms, Inc.","NVDA":"英伟达",".IXIC":"NASDAQ Composite","TSLA":"特斯拉","GOOG":"谷歌"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152797433","content_text":"Smartphones and computers will be exempted from President Donald Trump’s reciprocal tariffs, according to new guidance from U.S. Customs and Border Protection.The guidance comes after Trump earlier this month imposed 145% tariffs on products from China, a move that was poised to take a toll on tech companies like Apple, which makes iPhones and most of its other products in China.The new tariff guidance also includes exclusions for other electronic devices and components, including laptops, semiconductors, solar cells, flat panel TV displays, flash drives, memory cards and solid-state drives used for storing data.These products eventually could be subject to additional duties but they’re likely to be lower than the 145% rate that Trump had imposed on goods from China.","news_type":1,"symbols_score_info":{"AAPL":1.1,".SPX":1.1,".IXIC":1.1,"TSLA":1.1,".DJI":1.1,"META":1.1,"AMZN":1.1,"MSFT":1.1,"GOOG":1.1,"NVDA":1.1}},"isVote":1,"tweetType":1,"viewCount":1011,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":243519553536064,"gmtCreate":1700490034401,"gmtModify":1700490038770,"author":{"id":"3558267776429365","authorId":"3558267776429365","name":"lingling07","avatar":"https://static.tigerbbs.com/a369ade3411ab47e0d3b0f18ce029e2a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558267776429365","authorIdStr":"3558267776429365"},"themes":[],"htmlText":"Thanks tmr I will buy!","listText":"Thanks tmr I will buy!","text":"Thanks tmr I will buy!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/243519553536064","repostId":"2384589323","repostType":2,"isVote":1,"tweetType":1,"viewCount":1886,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9087371865,"gmtCreate":1650964401880,"gmtModify":1676534823975,"author":{"id":"3558267776429365","authorId":"3558267776429365","name":"lingling07","avatar":"https://static.tigerbbs.com/a369ade3411ab47e0d3b0f18ce029e2a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558267776429365","authorIdStr":"3558267776429365"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/01337\">$Razer(01337)$</a>lai lai what's the verdict? Delist successful or not? Got instant buy 2.73 sell 2.82?&nbsp;","listText":"<a href=\"https://ttm.financial/S/01337\">$Razer(01337)$</a>lai lai what's the verdict? Delist successful or not? Got instant buy 2.73 sell 2.82?&nbsp;","text":"$Razer(01337)$lai lai what's the verdict? Delist successful or not? Got instant buy 2.73 sell 2.82?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9087371865","isVote":1,"tweetType":1,"viewCount":4024,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574851738178187","authorId":"3574851738178187","name":"CRHT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"idStr":"3574851738178187","authorIdStr":"3574851738178187"},"content":"Sorry, first time encountering delist. How does it work? Do we trade/sell it back to the company on this app?","text":"Sorry, first time encountering delist. How does it work? Do we trade/sell it back to the company on this app?","html":"Sorry, first time encountering delist. How does it work? Do we trade/sell it back to the company on this app?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9030513140,"gmtCreate":1645752972417,"gmtModify":1676534060992,"author":{"id":"3558267776429365","authorId":"3558267776429365","name":"lingling07","avatar":"https://static.tigerbbs.com/a369ade3411ab47e0d3b0f18ce029e2a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558267776429365","authorIdStr":"3558267776429365"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/OU8.SI\">$CENTURION CORPORATION LIMITED(OU8.SI)$</a>disappointing dividend declared","listText":"<a href=\"https://ttm.financial/S/OU8.SI\">$CENTURION CORPORATION LIMITED(OU8.SI)$</a>disappointing dividend declared","text":"$CENTURION CORPORATION LIMITED(OU8.SI)$disappointing dividend declared","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9030513140","isVote":1,"tweetType":1,"viewCount":3608,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3572317282894329","authorId":"3572317282894329","name":"qianx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"idStr":"3572317282894329","authorIdStr":"3572317282894329"},"content":"hi, may i know where to see the declared div?","text":"hi, may i know where to see the declared div?","html":"hi, may i know where to see the declared div?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863887128,"gmtCreate":1632374425764,"gmtModify":1676530766945,"author":{"id":"3558267776429365","authorId":"3558267776429365","name":"lingling07","avatar":"https://static.tigerbbs.com/a369ade3411ab47e0d3b0f18ce029e2a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558267776429365","authorIdStr":"3558267776429365"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/01337\">$Razer(01337)$</a>like and comment","listText":"<a href=\"https://laohu8.com/S/01337\">$Razer(01337)$</a>like and comment","text":"$Razer(01337)$like and 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Delist successful or not? Got instant buy 2.73 sell 2.82?&nbsp;","listText":"<a href=\"https://ttm.financial/S/01337\">$Razer(01337)$</a>lai lai what's the verdict? Delist successful or not? Got instant buy 2.73 sell 2.82?&nbsp;","text":"$Razer(01337)$lai lai what's the verdict? Delist successful or not? Got instant buy 2.73 sell 2.82?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9087371865","isVote":1,"tweetType":1,"viewCount":4024,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574851738178187","authorId":"3574851738178187","name":"CRHT","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3574851738178187","idStr":"3574851738178187"},"content":"Sorry, first time encountering delist. How does it work? Do we trade/sell it back to the company on this app?","text":"Sorry, first time encountering delist. How does it work? Do we trade/sell it back to the company on this app?","html":"Sorry, first time encountering delist. How does it work? Do we trade/sell it back to the company on this app?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160757934,"gmtCreate":1623807409628,"gmtModify":1703820029593,"author":{"id":"3558267776429365","authorId":"3558267776429365","name":"lingling07","avatar":"https://static.tigerbbs.com/a369ade3411ab47e0d3b0f18ce029e2a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558267776429365","idStr":"3558267776429365"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/160757934","repostId":"1191245053","repostType":4,"repost":{"id":"1191245053","kind":"news","pubTimestamp":1623762167,"share":"https://ttm.financial/m/news/1191245053?lang=&edition=fundamental","pubTime":"2021-06-15 21:02","market":"us","language":"en","title":"Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets","url":"https://stock-news.laohu8.com/highlight/detail?id=1191245053","media":"zerohedge","summary":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers .So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fis","content":"<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").</p>\n<p>So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,<b>there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.</b></p>\n<p><img src=\"https://static.tigerbbs.com/0d1ece116794c7f6523250fd682450e3\" tg-width=\"959\" tg-height=\"765\" referrerpolicy=\"no-referrer\"></p>\n<p>Yet while these totals are massive,<b>when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.</b></p>\n<p><img src=\"https://static.tigerbbs.com/534b677774a92a59d4fe08f09359932b\" tg-width=\"500\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p>\n<p>It's worth noting that according to Goldman estimates that combos account<b>for 15-20% of SPX options,</b>so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.</p>\n<p><img src=\"https://static.tigerbbs.com/adfcada2b0ef3f2ebbd684649a613043\" tg-width=\"936\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p>\n<p>The Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPX<b>realized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.</b></p>\n<p><img src=\"https://static.tigerbbs.com/afffda1e07736784ad695d95a9936421\" tg-width=\"952\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p>\n<p>This contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.</p>\n<p><img src=\"https://static.tigerbbs.com/df2b7aeaadb37160a7eaf0ac08ba31de\" tg-width=\"1236\" tg-height=\"561\" referrerpolicy=\"no-referrer\"></p>\n<p>Then, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees that<b>the extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"</b>Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:<u><b>the market will become much more volatile in a selloff.</b></u></p>\n<p><img src=\"https://static.tigerbbs.com/76b01b8a05b70ec4f343626b1fad491b\" tg-width=\"931\" tg-height=\"560\" referrerpolicy=\"no-referrer\"></p>\n<p>Meanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.</p>\n<p><img src=\"https://static.tigerbbs.com/9c6c3df49e3e5d1e4a7a0d9c24696e6a\" tg-width=\"1212\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p>\n<p>One final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.</p>\n<p>As Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,<b>the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,</b>and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"</p>\n<p><img src=\"https://static.tigerbbs.com/bd0e886a62a61c70b0f299bd6c032a24\" tg-width=\"954\" tg-height=\"1128\" referrerpolicy=\"no-referrer\"></p>\n<p>Why is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.<b>Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!</b></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nQuad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 21:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191245053","content_text":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").\nSo picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.\n\nYet while these totals are massive,when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.\n\nIt's worth noting that according to Goldman estimates that combos accountfor 15-20% of SPX options,so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.\n\nThe Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPXrealized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.\n\nThis contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.\n\nThen, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees thatthe extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:the market will become much more volatile in a selloff.\n\nMeanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.\n\nOne final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.\nAs Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"\n\nWhy is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!","news_type":1,"symbols_score_info":{".DJI":0.9,"SPY":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":519,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168430480,"gmtCreate":1623980361740,"gmtModify":1703825357778,"author":{"id":"3558267776429365","authorId":"3558267776429365","name":"lingling07","avatar":"https://static.tigerbbs.com/a369ade3411ab47e0d3b0f18ce029e2a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558267776429365","idStr":"3558267776429365"},"themes":[],"htmlText":"Reply&nbsp;","listText":"Reply&nbsp;","text":"Reply","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/168430480","repostId":"2144286417","repostType":4,"isVote":1,"tweetType":1,"viewCount":466,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3581648304340133","authorId":"3581648304340133","name":"arthurxyz","avatar":"https://static.tigerbbs.com/4a1a6522c49876d44c7f07bb6f805ab5","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3581648304340133","idStr":"3581648304340133"},"content":"do same please....","text":"do same please....","html":"do same please...."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895127735,"gmtCreate":1628729946527,"gmtModify":1676529833548,"author":{"id":"3558267776429365","authorId":"3558267776429365","name":"lingling07","avatar":"https://static.tigerbbs.com/a369ade3411ab47e0d3b0f18ce029e2a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558267776429365","idStr":"3558267776429365"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>like and comment pls","listText":"<a href=\"https://laohu8.com/S/09988\">$Alibaba(09988)$</a>like and comment pls","text":"$Alibaba(09988)$like and comment pls","images":[{"img":"https://static.tigerbbs.com/70bcc3b74d357412d9a9b9cf5d664493","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/895127735","isVote":1,"tweetType":1,"viewCount":873,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":423772030296160,"gmtCreate":1744468087152,"gmtModify":1744468090982,"author":{"id":"3558267776429365","authorId":"3558267776429365","name":"lingling07","avatar":"https://static.tigerbbs.com/a369ade3411ab47e0d3b0f18ce029e2a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558267776429365","idStr":"3558267776429365"},"themes":[],"htmlText":"So we will see rally again on Monday?","listText":"So we will see rally again on Monday?","text":"So we will see rally again on Monday?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/423772030296160","repostId":"1152797433","repostType":2,"repost":{"id":"1152797433","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1744466724,"share":"https://ttm.financial/m/news/1152797433?lang=&edition=fundamental","pubTime":"2025-04-12 22:05","market":"us","language":"en","title":"Trump Exempts Phones, Computers, Chips From New Tariffs","url":"https://stock-news.laohu8.com/highlight/detail?id=1152797433","media":"Tiger Newspress","summary":"Smartphones and computers will be exempted from President Donald Trump’s reciprocal tariffs, according to new guidance from U.S. Customs and Border Protection.The guidance comes after Trump earlier this month imposed 145% tariffs on products from China, a move that was poised to take a toll on tech companies like Apple, which makes iPhones and most of its other products in China.The new tariff guidance also includes exclusions for other electronic devices and components, including laptops, semic","content":"<html><head></head><body><p>Smartphones and computers will be exempted from President Donald Trump’s reciprocal tariffs, according to new guidance from U.S. Customs and Border Protection.</p><p style=\"text-align: start;\">The guidance comes after Trump earlier this month imposed 145% tariffs on products from China, a move that was poised to take a toll on tech companies like Apple, which makes iPhones and most of its other products in China.</p><p style=\"text-align: start;\">The new tariff guidance also includes exclusions for other electronic devices and components, including laptops, semiconductors, solar cells, flat panel TV displays, flash drives, memory cards and solid-state drives used for storing data.</p><p style=\"text-align: start;\">These products eventually could be subject to additional duties but they’re likely to be lower than the 145% rate that Trump had imposed on goods from China.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump Exempts Phones, Computers, Chips From New Tariffs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump Exempts Phones, Computers, Chips From New Tariffs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2025-04-12 22:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Smartphones and computers will be exempted from President Donald Trump’s reciprocal tariffs, according to new guidance from U.S. Customs and Border Protection.</p><p style=\"text-align: start;\">The guidance comes after Trump earlier this month imposed 145% tariffs on products from China, a move that was poised to take a toll on tech companies like Apple, which makes iPhones and most of its other products in China.</p><p style=\"text-align: start;\">The new tariff guidance also includes exclusions for other electronic devices and components, including laptops, semiconductors, solar cells, flat panel TV displays, flash drives, memory cards and solid-state drives used for storing data.</p><p style=\"text-align: start;\">These products eventually could be subject to additional duties but they’re likely to be lower than the 145% rate that Trump had imposed on goods from China.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","AMZN":"亚马逊",".DJI":"道琼斯","MSFT":"微软","AAPL":"苹果","META":"Meta Platforms, Inc.","NVDA":"英伟达",".IXIC":"NASDAQ Composite","TSLA":"特斯拉","GOOG":"谷歌"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152797433","content_text":"Smartphones and computers will be exempted from President Donald Trump’s reciprocal tariffs, according to new guidance from U.S. Customs and Border Protection.The guidance comes after Trump earlier this month imposed 145% tariffs on products from China, a move that was poised to take a toll on tech companies like Apple, which makes iPhones and most of its other products in China.The new tariff guidance also includes exclusions for other electronic devices and components, including laptops, semiconductors, solar cells, flat panel TV displays, flash drives, memory cards and solid-state drives used for storing data.These products eventually could be subject to additional duties but they’re likely to be lower than the 145% rate that Trump had imposed on goods from China.","news_type":1,"symbols_score_info":{"AAPL":1.1,".SPX":1.1,".IXIC":1.1,"TSLA":1.1,".DJI":1.1,"META":1.1,"AMZN":1.1,"MSFT":1.1,"GOOG":1.1,"NVDA":1.1}},"isVote":1,"tweetType":1,"viewCount":1011,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9030513140,"gmtCreate":1645752972417,"gmtModify":1676534060992,"author":{"id":"3558267776429365","authorId":"3558267776429365","name":"lingling07","avatar":"https://static.tigerbbs.com/a369ade3411ab47e0d3b0f18ce029e2a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558267776429365","idStr":"3558267776429365"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/OU8.SI\">$CENTURION CORPORATION LIMITED(OU8.SI)$</a>disappointing dividend declared","listText":"<a href=\"https://ttm.financial/S/OU8.SI\">$CENTURION CORPORATION LIMITED(OU8.SI)$</a>disappointing dividend declared","text":"$CENTURION CORPORATION LIMITED(OU8.SI)$disappointing dividend declared","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9030513140","isVote":1,"tweetType":1,"viewCount":3608,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3572317282894329","authorId":"3572317282894329","name":"qianx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"3572317282894329","idStr":"3572317282894329"},"content":"hi, may i know where to see the declared div?","text":"hi, may i know where to see the declared div?","html":"hi, may i know where to see the declared div?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889858157,"gmtCreate":1631142372979,"gmtModify":1676530476315,"author":{"id":"3558267776429365","authorId":"3558267776429365","name":"lingling07","avatar":"https://static.tigerbbs.com/a369ade3411ab47e0d3b0f18ce029e2a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558267776429365","idStr":"3558267776429365"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/01337\">$Razer(01337)$</a>like and comment","listText":"<a href=\"https://laohu8.com/S/01337\">$Razer(01337)$</a>like and comment","text":"$Razer(01337)$like and comment","images":[{"img":"https://static.tigerbbs.com/57c1ab644ec9d35cf52dcd8954e5fa6b","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/889858157","isVote":1,"tweetType":1,"viewCount":505,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":123150053,"gmtCreate":1624413059672,"gmtModify":1703835898735,"author":{"id":"3558267776429365","authorId":"3558267776429365","name":"lingling07","avatar":"https://static.tigerbbs.com/a369ade3411ab47e0d3b0f18ce029e2a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558267776429365","idStr":"3558267776429365"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/01337\">$Razer(01337)$</a>comment pls","listText":"<a href=\"https://laohu8.com/S/01337\">$Razer(01337)$</a>comment pls","text":"$Razer(01337)$comment 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