{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/b4c26503dcd0443f9183b8c2ef8470e8\" frameborder=\"0\" width=\"2580\" height=\"1935\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1935,"width":2580,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1935,"thumbnail_width":2580,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/b4c26503dcd0443f9183b8c2ef8470e8-f804391e9a57545f.gif","duration":134.769322,"title":"Trading GEX, Delta, and Gamma Hedging","description":"This Loom discusses how dealers hedge and manage delta and gamma as option gags trade near specific price levels. The speaker notes that at 7:45 there is about a billion dollars of nominal underlying value and says dealers are getting longer delta as the move progresses. They hedge off part of delta around 745 as the underlying reaches 4510, and a cap may limit further movement unless they blast through. If dealers push through, they can sell against long gamma, potentially making call-side action more aggressive, such as around 43 1/2."}