JPMorgan Warns S&P Faces Large "Negative Gamma", Could Exaggerate Any Drop Next Week
July 14, 2017 at 16:12 PM EDT
Earlier in the week, I noted the 'odd' surge in downside protection demand even as tech stocks were soaring, and now JPMorgan is noting the S&P has shifted to a large 'negative gamma' underhang which "could boost volatility if we were to sell off."