A market maker should try to maintain its position with delta neutral and gamma positive.
When market maker write any option (call/put) , he got a negative gamma and negative vol, positive theta position. Be aware that Delta is different from the other greeks movement.. ..
To get a positive gamma( hedge the written position before), he could buy future / cash/ buy call or put...
Inflation Concern
``continued inflation pressures'' offset
concern about slower economic growth for those directors, the
minutes said.The discount rate is now 4.75 percent, while the federal
funds rate is 4.25 percent.
.......
With economists increasingly concerned about a possible
recession, traders now expect a half-point reduction in the
benchmark rate at the next meeting on Jan. 29-30, based on
futures prices.
Directors backing a half-point cut in the discount rate last
month judged that would ``provide some insurance against a more
serious economic downturn,'' the minutes said. Those favoring no
change concluded ``incoming evidence of a slowdown in economic
growth to be within their expectations and viewed the re-pricing
of credit to be a necessary adjustment,'' the Fed said.
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