WTF is the VWAP PIN Anyway?
Dispatches from the Last Sane Bastard in This Casino
What Is VWAP Pinning?
VWAP (Volume-Weighted Average Price) is the average price of a stock (like SPY) over a trading session, weighted by volume. It’s a benchmark big players—market makers, hedge funds—use to execute trades efficiently. On options expiration days, market makers (MMs) manipulate stocks or ETFs like SPY to “pin” their closing price near VW…
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