Yesterday I communicated with an options player.
They should be in a beginner to intermediate state.
They are doing a BTC options neutral strategy with MM at 50-70%.
Although I opened DDH, I found that DDH is worse than not opening it at all.
What a slap in the face!
This wave has seen delta and gamma retract over 10%.
From my experience over the past few years, I feel that this is a big pit that many players fall into.
The neutral seller is likely to step into this trap.
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