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![vighnaraj2022 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1430587844372873221.png) ConvexSwan [@vighnaraj2022](/creator/twitter/vighnaraj2022) on x 7351 followers
Created: 2025-07-22 12:10:11 UTC

Mildly negative net gamma near the 6300 to 6340 zone.  Dealers are now net short PUTS below spot. Any sharp drop may force delta selling, exacerbating moves. Small gamma pockets form a liquidity vacuum.

Charm continues to remain dominant, suggesting dealer buybacks on weakness.  Most effective near 6280

🌪️ Vanna Reflexivity Trap

Net vanna is slightly positive. → If IV drops, delta exposure reduces → Dealer buybacks support price. If IV spikes, reflexive drop could resume.

🌀 Vomma Memory Zone

Vomma skew favors downside → options market still heavily pricing convexity risk on downside, limiting rally potential unless vol is absorbed.


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947630250059288984/c:line.svg)

**Related Topics**
[drops](/topic/drops)
[iv](/topic/iv)
[delta](/topic/delta)
[$6753t](/topic/$6753t)
[gamma](/topic/gamma)

[Post Link](https://x.com/vighnaraj2022/status/1947630250059288984)