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A comment on What Is a Gamma Squeeze in the Context of Stock Trading?. Parent comment

Re:What Is a Gamma Squeeze in the Context of Stock Trading? by lordnacho on Tuesday January 12, 2021 @07:03PM (#25755906)
If the option is deep ITM it's basically the same as the underlying, it doesn't have the curvature to make everything interesting, and it is unlikely to expire OTM?
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Re:What Is a Gamma Squeeze in the Context of Stock Trading? by yomly on Wednesday January 13, 2021 @12:52AM (#25758707)
They were bought deep ITM, but there have been news catalysts that could bring them ATM/OTM. I think at one point the share price came quite close to the strike intraday.

The share is super volatile and can swing 15% in a day - how do option writers hedge in these situations?

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Re:What Is a Gamma Squeeze in the Context of Stock Trading? by yomly on Wednesday January 13, 2021 @01:59PM (#25766465)
Those puts are now deep OTM... Wow GME is up 70% today
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