In Today's segment Beef and Anton cover an often overlooked greek known as gamma. Why should we care about gamma you ask. As this study shows every trader should be aware of it, and it also shows why some of our mechanics are rooted around the nature of gamma.
Three of the visuals that Anton created look at the important aspects of gamma. These include average gamma, average standard deviation of P/L, and finally and most importantly to all trader average P/L.
The remarkable result of running this study is they all point to our mechanic of exiting at 21 days. This is a must watch as every option trader should understand gamma.