Gamma neutral hedging is a risk management strategy in options trading where the total gamma value approaches zero, stabilizing a portfolio against second-order risks.
The final week of 2025 features a major Gamma Flush, with $128 million expiring on Dec. 19 and $23.7 billion on Dec. 26. The Dec. 19 expiry is the “appetizer” while Dec. 26 is the “boss level”. ETF ...