Oh goodie now everyone is an options expert on reddit and misexplaining how to cause a gamma squeeze.
-
This Tweet is unavailable.
-
Gamma is simply the rate of change in delta given a $1 movement. So by definition gamma is much more pronounced in lower priced symbols. Maybe "gamma" describes a second thing but I've not found an alternate definition
Gamma is larger for lower priced names ($1 move more significant if the price is lower) but low px stocks don’t have such large $ moves so it balances out. More useful to look at cash gamma (ie gamma times square of the stock px) which is in the same units as option px