Michael Burry on Delta-gamma Hedging

Ah, ok interesting. Does it change if you change the expiration series? If not, it's an IV averaged over all the series. Which is not that useful for what I'm talking about. I usually use ThinkOrSwim for doing volatility and probability-related stuff. TradingView for random charting. In the ToS "trade" tab, put in a ticker and collapse all the expiration series. Each one should have a number on the right that is the averaged IV of that series. $AMC is not as good an example now, as it's crushed. But on Thursday, the near-term expirations had nearly 400% IV, out to about 40-50 DTE. The long-term expirations had basically the exact same IV numbers they do now. That's what I'm trying to get across. The near-term expirations will continue to IV crush as $AMC stock does price discovery after this meme spike.

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