bikeeagle1 4:38 pm on Wednesday, May 20, 2026

Interesting article about gamma squeezes…

Since this forum is all about options trading, I thought you guys might enjoy this article. It talks about market makers, how they take the other side of most of our trades, and then have to hedge against movements in the underlying. It also helps explain some of the oversized moves that we’ve seen lately, where the market moves much farther than what seems to be justified by the news.

Here is the link:

https://www.advisorperspectives.com/articles/2026/05/18/gamma-momentum-recipe-moonshots-tears

Enjoy!

Option Iceman 2:02 pm on Wednesday, May 20, 2026

Wednesday trades

Sold 1 MOS 05/22/2026 20.50 Put at $0.15
Sold 1 IP 05/22/2026 28.0 Put at $0.15

Bought to close 1 TSLA 05/20/2026 465/450 Bear Call Spread at $0.01.
Replaced it with 1 TSLA 05/22/2026 450/442.5 Bear Call Spread at $0.25 Credit

Bought to close 1 TSLA 05/20/2026 382.5/392.5 Bull Put Spread at $0.01
Replaced it with 1 TSLA 05/22/2026 385/395 Bull Put Spread at $0.54 Credit

Option Iceman 2:01 pm on Wednesday, May 20, 2026
Tags: everylittlebithelps ( 277 )

DOW UVXY

Bought to close 1 DOW 05/22/2026 44.5/40.5 Bear Call Spread at $0.01

Sold to open 1 UVXY 05/22/2026 40/37 Bear Call Spread at $0.14 Credit
#EveryLittleBitHelps

Jeff 7:48 am on Wednesday, May 20, 2026
Tags: FuzzyLEAPs ( 264 )

XSP rolls 5/20/26

#FuzzyLEAPs
Rolled $XSP May 20th 740 put to May 21st 740 puts, 1.80 credit
750 puts still TBD

fuzzballl 7:32 am on Wednesday, May 20, 2026

SPX

Rolled everything on the pre-market bounce. Happy NVDA day!!

Rolled SPX May 20 2026 7400.0 Puts to May 21 2026 7400.0 Puts @ 17.50 credit
Rolled SPX May 20 2026 7425.0 Puts to May 21 2026 7425.0 Puts @ 15.50 credit
Rolled SPX May 20 2026 7450.0 Puts to May 21 2026 7450.0 Puts @ 10.00 credit

bikeeagle1 6:17 am on Wednesday, May 20, 2026
Tags: FuzzyLEAPs ( 264 )

SPX

#fuzzyleaps
Since the /CL had a little dip in the pre-market, I went ahead with some of today’s trades:

Rolled SPX May 20 2026 7450 Put out and down to May 21 2026 7440 Put @ 2.20 Credit.
(Rolled down for small credit.)

Rolled SPX May 20 2026 7425 Put out to May 21 2026 7425 Put @ 14.00 Credit.
(Kept the strike to bring in some premium.)

After this rocket ship rally, I’m trying to get a little bit more conservative. I also have today’s 7400 strike to manage, but hoping to be able to exit it altogether instead of rolling. We’ll see how the day goes.