The GameStop Gamma Wall Breaks Down as Virus Variants Ring Alarm Bells (w/ Real Vision Editorial)

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 30 January 2021

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

DB-Jan29,2021: In the intro, Real Vision senior editor Ash Bennington speaks to Lily Francus, derivatives trader and PhD candidate in Bioinformatics at the University of California San Diego, about the unique market mechanics that have characterized the run in GameStop Corp ($GME). In the main segment, Ash welcomes managing editor Ed Harrison and editor Jack Farley to debate whether the Robinhood ban on trading is unfair and if it reveals unseen holes in the functioning of capital markets. Jack provides data on options flow in $GME, and the three explore whether the wall of gamma will break down or get even higher, agreeing that Monday will be a turning point as this is when $GME calls with higher strike prices could get written (and can be bought by retail traders). Ash and Ed discuss how susceptible the various COVID-19 variants are to the vaccines and how their ominous spread will impact the reflation trade. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to Real Vision.
0:18.0	It's Friday, January 29, 2021, just after market close in New York. This is the Real Vision Daily Briefing. I'm Ash Bennington.
0:22.0	Join today in a three-way conversation with
0:25.1	Jack Farley and managing editor Ed Harrison. Welcome guys. Hey good to see you Ash
0:30.7	good to see you Ed and good to see you to jack yeah ash great to be here with you and
0:36.0	ed what are you guys thinking in terms of the markets yeah well let me tell you
0:40.7	before that because the ash he had had his opening there he was talking about
0:44.8	that's been a ridiculous week. I mean I'm thinking about it as we need to just have people see how the kind of conversations we have and just run through
0:55.0	what's been happening this whole way because it's been so crazy it's good
0:59.6	just to have sort of a bull session here about what's been going on particularly, you know, with Game
1:05.1	Stop. I mean, are you thinking about anything else other than Game Stop and
1:08.9	AMC? Yeah, I'm thinking about Game Stop and what's the next Game Stop, right?
1:14.0	Right. I mean, I actually am thinking about the coronavirus, to be honest with the variance and stuff, but we can get to that.
1:22.0	Yeah, that's an interesting discussion too because
1:23.9	there's news with the virus and also positive news on the vaccine. Yeah the
1:28.4	NOLA Vax I think is that is that the one? That's the one and also incredibly positive news on the J&J vaccine showing 100%
1:36.4	efficacy at preventing death in the latest round of clinical trials.
1:39.9	J&J of course is the single shot vaccine.
1:42.1	So this is big news and simultaneously, Ed, as you suggest. and
1:43.0	of course is the single shot vaccine. So this is big news and simultaneously,
1:44.0	Ed, as you suggest, we've got the South African virus variant,
1:49.0	we've got the Brazil virus variant,
	...

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