Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets
Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers .So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fis
Microsoft tried to buy Pinterest in recent months: report
Deal likely would have been Microsoft's largest-ever acquisition. Microsoft Corp. made overtures to buy Pinterest Inc. in recent months, the Financial Times reported Wednesday night.The acquisition talks are not currently active, the FT reported , adding that in the past Pinterest has signaled its preference to remain an independent company. The FT reported that Microsoft's acquisition strategy is targeting active online communities that it can pair with its cloud platform.Pinterest $$ has a cur