Banks are Covering Shorts Again
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Open interest Change implies another higher price base, even if OI shrinks more
Lots of More short covering.. and its not just funds
Clean COT Data
Notes:
Banks have Negative Gamma.. smart funds have positive gamma. Banks did not buy the dip as much as Funds did last week
( that day i bought where OI came in was either banks covering shorts and/or funds hedging gamma.. it kept happening for 4 trading days thorough the 26th through the 31st.)
Numbers Dont Lie. Gamma is Your Friend…
Futures Only
Futures and…
The skinny
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