0DTE options players are accelerating their entry into the market, and the stock market is experiencing a crazy rebound 📈📈

As the stock market continues to rise, hedge funds and professional managers who originally preferred to hold fixed income and maintain light positions in stocks have increased their call options exposure on the SPX in the past few trading days. The ferocious market rebound has quickly exceeded the maximum The price area where call options exposure lies (around 4185 on SPX), 0DTE options players have shifted to net short gamma since April, which further added to the rally momentum on the way up. Investment bank research estimates that market gamma will return to positive values ​​at current index levels, and there will be a sizable options expiry today, which should make for a more exciting market close this week. #options