Thank you for the explanation!
Very informative paper! Thank you for sharing this.
So if I am understanding this correctly, the MM is essentially hedging all calls/puts, irrelevant of whether the option was opened as covered or...
Thank you both, makes sense. It gets confusing for me to understand with larger institutions and market makers being included in the mix. I am...
Sorry for not clarifying. As an example: Open interest on SPY call, strike price of 450 is 16,280. Out of those 16,280, how do I know how many...
I Have been learning a bit about options, and a question that keeps coming to mind is what the ratio of naked to covered options is? This...
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