@spotgamma

We analyze options flows to see how it drives stock. View our free Opening Setup report: https://xitter.cf/t.co/EF4VBgjVBb

 United States
spotgamma.com
Joined July 2019
  • Tweets15.4K
  • Following279
  • Followers153K
4.6KMedia
Nasdaq vol (VXN) spread vs SPX Vol (VIX) is quite wide The previous spike was in April/May with tech stock surging - "stock up, vol up" The question now is does rest of the market crash with tech or are we just gonna keep rotating
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Equity rotation seen in skews. Put skew is concentrated in the large-cap cap-weighted indices: $QQQ (+3.64 vols, 81st pctl) $SPX (+3.84 vols, 77th pctl) closed Friday in the top quartile of their past year on 1M 25d put-over-ATM skew $DIA (+1.81 vols, 64th pctl) $IWM (+2.15 vols, 50th pctl) sit lower
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From Thursday's close, DIA 1M 25d put-over-call skew rose 0.63 vols (+2.05 to +2.68; +0.32 spot drift on DIA's -1.25% move, +0.31 surface) and IWM rose 0.47 vols (+2.78 to +3.25; +0.46 surface as 25d call IV fell 0.53 vols vs puts -0.07). Excluding names within ±5 days of earnings, our equal-weight 1M implied-correlation proxy (22 clean S&P large caps, VIX-based) rose from 19.8% on Wed 10/21 to 24.9% Thu and 26.9% Fri (67th 1y pctl) as VIX rose 2.77 pts (16.68 to 19.45).
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us yields went down on a flight from eu? and people bought yield-sensitive stocks on that?
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The top SGOI position changes from yesterday. A bit of "barbell" long tech long energy... $META Jan call spread +$4 mm $XLE long call spread for June '27 +$7 mm $SPCX short Dec puts $ 10mm $NBIS March calls +$9 mm
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spotgamma.com/opening-setup/ if you want the full report
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SpotGamma retweeted
tastylive
@tastyliveshowOct 22
“That floor is eroding.” 📉 Tech dropped 6%, rallied hard, and now Brent Kochuba of @spotgamma sees the wobble getting worse. He compares it to a tire shaking faster before it comes off. Meta’s slide and rising volatility make this bounce feel a lot less safe.
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The rotation trade is still on, with healthcare, homes, retail, fins moving higher as $QQQ sucks wind. With $QQQ -2% (or more) and $RSP >=0%
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If you remove 0DTE, SPX GEX is negative, and increasingly negative down into 7,400. What tends to happen is the 0DTE offers supply some positive gamma support intraday, usually around 10AM. If vol really increases, that 0DTE flow seems to subside.
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Today the big 0DTE spread is 7,645, which SPX is sitting on now.
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$16mm $CRWV March call buyer yesterday shown in our Opening Setup Report this AM
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spotgamma.com/opening-setup
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$META pricing 7% ER move
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$TSLA options are pricing about a 6.5% move through Friday for tonight's earnings. It has moved more than that the day after 7 of its last 12 reports. Average move: 9.1%.
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META earnings tonight: Is the options market pricing enough volatility? Read up on what the options market is saying, with two defined-risk trade setups: spotgamma.com/meta-earnings-…

META Earnings Preview: Will Volatility Outrun the Options Market?

META earnings options price a ±5.5% move. See where dealer gamma, put skew and recent earnings gaps point, plus two defined-risk butterfly trade ideas.

spotgamma.com
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SpotGamma retweeted
Jason
@3PeaksTradingOct 20
$SPCX covered calls sold into earnings should be a nice winner as continue to collect premiums on both sides of the stock while holding long term from sub 120 still. Lots of positive gamma between 155-167 roughly should be tough to get thru this week
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$SPCX reports tonight post-close, followed by $TSLA tomorrow. With rumors of a potential future merger, read how the options market views each company ahead of earnings: spotgamma.com/tesla-spacex-e…

Tesla & SpaceX Earnings Preview: Two Reports, One Merger Question — What Are Options Pricing?

Tesla SpaceX earnings land back to back with options pricing 7–8% moves. See skew, dealer gamma, merger risk, and two defined-risk spread ideas.

spotgamma.com
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SpotGamma retweeted
tastylive
@tastyliveshowOct 20
What happens when VIX options expire? Brent Kochuba of @spotgamma explains how monthly VIX expiration works, why traders must adjust expiring positions before the settlement date and how a sudden volatility spike can change positioning ahead of expiration. Here's what options traders should understand about this important market event. #VIX #OptionsTrading #TradingEducation
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Make or break for a lot of the tech complex as we re-visit the Leopold Lows. $EWY $SMH
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Live now xitter.cf/i/broadcasts/1kKzDPjRg…
0:00

tastylive

Earnings Showdown: SpaceX, Netflix Report as Nasdaq Futures Fall | Tuesday Oct 20 Live Trading

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