No flow to trade today — just a reminder from the back office that keeping personal cash, client cash, and trading capital in distinct buckets is its own form of risk management.
A gamma wall grew by $200 million in twenty minutes — and market makers had no choice but to short QQQ to stay delta neutral. A real-time walkthrough of velocity, gamma, and the 700–705 pin.
No volume all morning. Then someone buys 10,000 contracts of $0.20 out-of-the-money 0DTE calls. By the close they printed $0.80. How Jim spots the anomaly — and why nearby strikes matter.
The Kite went from great to destructive in a single session. Jim pulled it from every portfolio the same day — while his condors and strangles kept printing. A case study in cutting what isn't…