Dec 13, 2021
[< 1 min Read]
MARA appeared again on the market scan for a developing gamma squeeze. This is most likely due to the significant decrease in options throughout $MARA's field:
The right bar graph shows the current open interest per strike while the left bar graphs show the % difference from the day prior's open count. The developed gamma squeeze is most likely due to the closing of a significant number of retail short calls which left an abundance of negative delta.
Coinciding with the gamma squeeze is VoEx behavior also indicating continued price depreciation.
VoEx-trend has been heading deeper into the propagation zone (below the bottom horizontal line), with VoEx-daily spikes during price increases all point to a continued price decline.