This paper shows that when hedging trades move market prices, the payoff being hedged can change as well. The results imply that option pricing depends not only on market conditions but also on the trader's own market impact. spkl.io/633287n40G #Options #QuantFinance
⚡ Large options flow BTC Put — strike $82000 — expiry 30OCT26 Direction: SELL Notional: ~$2218K Contracts: 27 Implied vol: 33.8% Venue: Deribit Statistical pattern. Not financial advice. #options #BTC #derivatives → t.me/sgnl_free
