I believe MOASS is an unstoppable force (gamma ramp) meeting an immovable object (DRS’d shares).
Before I go any further, this is not a post encouraging anyone to mess with 0DTE options or options in general. Rather, this is a recap of a tool being leveraged to suppress volatility and the implications of it being out of control to the broader industry. Sources for this post: https://www.marketwatch.com/story/trading-in-risky-0dte-stock-options-hits-record-and-could-a-stock-industry-selloff-traders-say-41a35495 https://www.reuters.com/markets/us/rise-0dte-stock-options-how-they-could-be-hazard-markets-2023-02-22/ https://www.washingtonpost.com/company/2023/06/13/what-are-zero-day-stock-options-why-do-they-matter-quicktake/2aa48fdc-09fd-11ee-8132-a84600f3bb9b_story.html https://www.marketwatch.com/story/here-are-5-ways-that-trading-in-0dte-stock-options-is-changing-how-the-industry-works-607b03c5 … Read more