Wednesday 16 April 2014

Gamma Chameleon

With option gamma driving the equity markets I can't get a particular song out of my mind.



You're a trader hedging deltas all the day
If I knew your strikes then I too could play.
But I'm a man (a man) without conviction,
I'm a man (a man) who doesn't know
How to sell (or buy) your contradiction.
I hate your flow, I hate your flow

Gamma gamma gamma gamma gamma chameleon,
You buy then sell, you sell then buy
Profits would be easy if your flows weren't on my screen
Buy, stop then scream. Sell, stop then scream.

Oh the spreads and strikes you'd give away
Added value to the street, I used to say
That your trades (your trades) would show direction
When you bought ( you bought) I'd just go long.
But your flow (your flow) now whips forever.
Strings me along, strings me along.

Gamma gamma gamma gamma gamma chameleon,
You buy then sell, you sell then buy
Profits would be easy if your flows weren't on my screen
Buy, stop then scream. Sell, stop then scream.

Every day is like survival (sur-vi-val),
Where my colleague (my colleague), is now my rival
Every day is like survival (sur-vi-val),
Were my colleague (my colleague), isnow my rival

I'm a man (a man) without conviction,
I'm a man (a man) who doesn't know
How to sell (or buy) your contradiction.
You come and go, your bloody flow.

Gamma gamma gamma gamma gamma chameleon,
Why don't you slow, your evil flow.
Profits would be easy if your flows weren't on my screen
Buy, stop then scream. Sell, stop then scream.

Gamma gamma gamma gamma gamma chameleon,
You lost my love, long time ago.
Profits would be easy if your flow's weren't on my screen
Buy, stop then scream. Sell, stop then scream.

Gamma gamma gamma gamma gamma chameleon,
Hope your books blow, that'd be a show!
Profits would be easy if your flows weren't on my screen
Buy, stop then scream. Sell, stop then scream.

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