With Nasdaq finally launching Mon/Wed options for the Mag7 and IBIT this week, I’m curious if anyone is seeing a change in how dealers are hedging the MSFT and Meta earnings today.
Historically, we’d see a massive pin toward Friday’s Max Pain. But with these new mid-week liquidity buckets, are you finding that the gamma concentrations are staying stickier around the 460-470 strikes for today's close instead of drifting toward the weekend?
I've been trying to map out the net-gamma exposure across these new overlapping expiries, but the math gets messy with so many data points. How are you guys visualizing your stacked risk now that we have 3x as many expiration dates to monitor?