The LSE Directory / Quant researchers
Lily Francus is an American quantitative researcher best known for creating NOPE (Net Options Pricing Effect), an indicator that gauges net options-driven delta pressure on a stock's price, which she began publishing on Twitter as @nope_its_lily in late 2020. Her threads explaining gamma squeezes and options market mechanics during the January 2021 GameStop episode brought her rapid prominence; by her own account her Twitter following roughly doubled from about 8,000 to nearly 17,000 in two weeks, and Bloomberg later named her among the breakout stars of financial Twitter. A former bioinformatics PhD student at UC San Diego with a software engineering background, she left academia for finance, led the research collective Salience Capital, served as Director of Quantitative Research Strategy at Moody's Analytics, and is now Chief Investment Officer of the investment firm Novi Loren. She also writes the Substack newsletter "Midnight on the Market Momentum," which displays over 6,100 subscribers.
