Right now, markets are dancing dangerously close to some critical CTA trigger points. You know those algorithmic thresholds that can spark massive position unwinding? Yeah, we're hovering just above them.

What's interesting is how top-tier traders at a major Wall Street firm are positioning. Their desk is leaning into gamma ownership at these levels. For those unfamiliar, owning gamma basically means profiting from volatility itself rather than directional moves.

The setup makes sense though. When you're this close to systematic trigger levels, volatility tends to spike. Either we bounce hard off these levels, or we break through and watch the algos flood the market. Either scenario creates opportunity if you're positioned in options correctly.

Market structure matters more than ever when CTA flows dominate. One wrong tick and we could see accelerated selling. But that's exactly when gamma strategies shine.