Now we know the real reason behind Tuesday’s oil collapse redux

© Igor Groshev | Dreamstime.com - Oil rig at dusk

The Heisenberg: “Do me a favor: Humor me for a quick bit of incremental information on yesterday’s  (re)collapsing in crude. On Tuesday evening , while documenting how oil decided to celebrate the one-week anniversary of the largest one-day plunge in more than three years by staging the second-largest one-day plunge in three years, we gently suggested that dealer gamma effects were likely at play just like they were last Tuesday.”