mykiss
Oct 2, 8:25 PM
$BAND this week, decoded:
$60-
$67 and the convert arbs are long gamma, selling every pop and sitting on the tape. That’s why the rips keep getting slapped back. Near
$72.64, the capped-call dealers start buying into that flow. Then it gets fun. Push into the
$80S and the arb drag starts easing while dealer buying still has juice. This structure isn’t capping
$BAND forever. It’s just making the breakout fight through traffic. What's the next catalyst? Long
2 replies