Sentiment check
- Markets & Mayhem
- Apr 27, 2022
- 2 min read
What a wild couple of days! Yesterday the market closed up with a huge amount of put selling in the last several hours, close to a hundred thousand against ES for today's expiration. That helped to spur a lot of liquidity being added to the market, which in turn led to a lot of stops being run, and the cycle fed itself with dealer chasing due to negative gamma.