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Openai/691df491-0d78-8005-ad11-12760f0fa16d
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===== - Rising stock price + dropping IV = potential hedging activity underway ===== * If they were extremely short gamma, some dealers may have begun buying shares to reduce risk before earnings * This slightly lowers IV because some of that panic premium gets relieved as they neutralize delta exposure BUT β this doesnβt mean the move is over.
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