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April Is The Cruellest Month

Lew Burton (one of those mathematical finance professor types) only tweeted:

Well I gauge nosotros mightiness honor out how much curt gamma in that place is unopen to the $44-5 inward . On the surface it looks insane. Moar popcorn plz.


Lew it seems is a expert guess.

Ackman has a big (off market) set seat expiring inward Apr inward the midpoint of this range.

Specifically he has 12600 Apr set contracts at $44.50 too some other 20,000 at $44.99.

This is a chip over three meg shares.

If yous are curt gamma Apr is the cruellest month.



John

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