Gamma Moves, Oil Shock, and Fed Pressure (EP. 24)

Joe and Smiddy break down the mechanics behind a recent market rally that had little to do with headlines—and everything to do with dealer positioning. From the JPM collar roll to zero DTE gamma dynamics, they walk through how a single catalyst turned into a much larger move once key levels were breached. They then zoom out to the bigger picture, discussing rising oil prices, geopolitical tension with Iran, and what it all means for volatility. The conversation also dives into the Fed’s position, the limits of policy, and why the macro backdrop may be more fragile than it appears. DISCLAIMER: Past performance is not indicative of future results. The material discussed has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. All opinions expressed by anyone on the podcast are solely their own opinion.