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[Options Explained] Don't blame the fundamentals! The culprits behind last night's plunge were: the Vanna Crush and the negative Gamma death spiral
Last night before going to bed, I was great. $NVIDIA(NVDA.US) had good earnings report, $Alphabet(GOOGL.US) launched a "Banana Pro", and the non-farm payroll data was decent. My account kept rising, so I slept peacefully. But when I woke up this morning, I was stunned—what happened? My account just did a "high-dive". Soaring up three thousand miles, then plummeting down three thousand feet in an instant! Here are some painful numbers: $NVIDIA(NVDA.US) earnings beat expectations...
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