Binary trades as pure Gamma trades

The power of long gamma expressed with binary options :) Remember that a tight vertical spread is basically a binary option, and also remember that a binary option is basically a pure gamma bet (not delta). So in this case our SPX uber-lotto: https://www.elliottwavetrader.net/members/atchat/?threadId=4544946 which I paid 0.8 for it initially and then added at 0.7, I also took some off at 2.6 ;) last week, is a perfect example of this. It is delivering more than 5X gains (400%) in a little more than a week because it is long an absurd amount of gamma so a very small move in SPX is causing it to swing prices dramatically. Now at this point I won't blame you if you start taking massive profits in particular if you are this in big size (like me, by accident).