https://docs.hypercall.xyz/insights/jpm-collar-q1-2026/prev >>62136320still working on this. GEX is pretty lazy heuristic if you know the JPM collar at least you know JPMs GEX on that position. I'm not sure how often SPX lands within the collar. - https://seekingalpha.com/article/4592165-what-you-need-to-know-about-jheqx-collars-and-the-impact-on-spy - https://spotgamma.com/jpm-morgan-collar-trade/ - https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-hedged-equity-fund-i-46637k281I'm just spitballing, the collar is just a hedge in JPMs equity portfolio, so it's not like they're gonna force SPX to stay within the collars range. if SPX lands above the collar for example, it means their equity portfolio is doing well.
Looking for more stuff like the JPM collar where you can actually infer dealer gamma without making assumptions, here's some Claude slop on that. This should let you work out at least some signed gamma exposure without making any assumptions. And I think it's the COUNTERPARTY to the JPM collar that would be hedging, not JPM. The collar is the hedge for JPM.dealer gamma / gex is just one small fry in the overall picture here I'm just trying to see what % of OI on the options chain you can actually know anything about without making the assumptions in the standard GEX model (dealers net selling calls, net buying puts).
I think the best ideas from the last thread btw were here>>62138928>>62138945trying to map out the options volume flow and whatnot first to see what % of OI I can apply signage too with reasonable confidence, then exploring the viability of fingerprinting of order flows
https://www.youtube.com/watch?v=2D4oIraa9qMthis is the best explanation so far of the price action from EOM March to beginning of April, I think this person nailed the mechanical drivers.
>>62144547I just came here to complain that I missed out on that massive pump when Trump got elected in 2024, and the biden pump of 2021, and have wanted to kill myself most days since then.
>>62145055The Trump pump surprised me too, I thought we'd dump or crab at least a little bit on the expectation of increased volatility plus tariffs. You can imagine my frustration when we finally dumped on tariffs and the market acted like this was some sort of surprise even though that was his whole platform. But I guess the market knows he's a pumper and cares about being near ATH all the time. I'm trying to completely abandon trading based off of 'what I think should happen' and instead only trade based on what the market is signaling it wants to do, and trade in that implied direction or with the volatility trend. I think a lot of permabears have trouble with that. You're just pissing into the wind otherwise.
