The tweet was deleted by the author.
But we saved everything 🙂.
Gamma support in the market is ending as earnings season begins, with dealer gamma set to roll off next week and buyback blackout removing the corporate bid. Craig Shapiro posted that these factors leave the market more exposed heading into a catalyst-heavy earnings window. He also noted that SPX is trading less than 1 percent below all-time highs, which he described as a structural feature.
View post on X Loading...
Earlier this year, Craig Shapiro highlighted Brent crude reaching $105 following Pentagon strike plans in a note on bond market risks. He has also tracked movement in volatility indexes, with VVIX and UVIX both near 95 while spot VIX held at 15.44, as detailed in recent commentary on tail protection. These updates provide context for his latest focus on dealer positioning and earnings season catalysts.