The Daily Shot Brief – January 13th, 2021



Equities: The volume of call options is hitting unprecedented levels. These are effectively leveraged bets that allow retail investors to punch above their weight.

Source: Bloomberg


Dealers are increasingly short gamma as they sell more options to clients. This tends to exacerbate volatility, especially during selloffs. Here is the GEX index, which is a rough estimate of gamma exposure.

Source: Daily Shot


Rates: This chart shows the history of the Fed’s forward guidance since the GFC.

Source: Oxford Economics


Energy: Shale firms need further price gains to reduce their leverage.

Source: @WSJ Read full article


Eurozone: Who will replace Angela Merkel? Analysts suggest that it will be Friedrich Merz.

Source: The Guardian Read full article


But polls show a preference for Markus Söder, which would change the direction for Germany’s leadership.

Source: Der Spiegel, @adam_tooze Read full article


United Kingdom: What are the corporate priorities for this year?

Source: Statista


Food For Thought: How North Koreans get their news:

Source: Statista

Edited by Devon Lall

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