The big question: Was that rally all put covering? Signals in SpotGamma’s custom SPY GEX say “Yes” This week the S&P500 rallied ~3% to close the Liberation Day downside price gap (red horizontal line). This led the S&P500 to notch a 9-day win streak – the longest such streak since November 2004. With that, the VIX […]
Market Analysis
The Anatomy of an SPX 0DTE Driven Market
U.S. equities surged on May 12, 2025, as the S&P 500 closed +3% to 5,848, with intraday action reflecting a more modest 0.23% gain, after the U.S. and China agreed to a significant 90-day reduction in reciprocal tariffs. What did any of this have to do with 0DTE SPX options? Hint: The 0.23% intraday gain. The Anatomy […]
SpotGamma on Stock Market TV
SpotGamma joined Stock Market TV to discuss how options drive stocks, including what signals are provided by Call Walls & Put Walls. We also dove into why the VIX can often be a misleading volatility signal.
What Caused the Market Selloff Before the Headlines — And Why Most Traders Missed It
Key Takeaway: On April 23, a trader or group unloaded 37,000 SPX call contracts in under 30 minutes — a massive move that helped wipe out billions in market value and trigger an 81-handle selloff. It looked bullish. It wasn’t. This was a synthetic short, a hidden bearish bet most traders misread completely. Why? Because […]
Spot the Flow, Seize the Edge: 5 Options Signals Every Trader Should Be Watching
The Tariff Deadline (4/2) is looming, with big implications for your trading. This wildcard event could tip sector flows, shift hedging activity, and force institutions to adjust — fast. Yet this market catalyst comes with its own set of risks and opportunities. The difference comes down to how well you can see a setup before […]
March OPEX Effect: Put Maxed
In this episode of the OPEX Effect we discuss how the stock market turned right at February VIX expiration resulting in a 10% SPX market crash into this weeks massive March OPEX. Brent flags how put values are “maxed out” into OPEX, and why that dynamic combines with 5,500 – 5,565 as a major support […]
TSLA 420: A Temporary High (?) as Charm & Vanna Flows Work Against the Stock
TSLA has been on an incredible +50% move for the month following the 11/6 elections. SpotGamma wrote extensively about the very bullish setup we saw on 11/7 – a setup that was more bullish than general market expectations, and why we thought TSLA stock would reach previous all-time-highs of 400. Along that path, we called […]
TSLA Stock: Time for Ludicrous Mode?
One of the obvious beneficiaries of the Trump victory is Elon Musk, and TSLA. The day after Trump’s election, TSLA stock rose +12%. Traders are now pricing in even higher levels for TSLA, which has created a positive call skew. Call skews occur when traders start to price in a higher chance of upside (i.e. […]
SpotGamma for Swing Trading
You can use the information provided by SpotGamma’s TRACE tool to help you identify and execute swing trading strategies. For example, you can use the Gamma Exposure (GEX) view in TRACE to identify areas of potential price reversals. You can also use the Delta Pressure view to see where market maker hedging may be putting […]
The NVIDA Industrial Complex: 0DTE and Deteriorating Liquidity
In two recent media appearances, Brent Kochuba, Founder of SpotGamma, broke down his theory about how impactful NVDA short dated options are to the US stock market. Hint: very. First, this was discussed with Victor Jones of TasyTrade, and then with Jack Forehand of ExcessReturns. In recent market activity, we’ve seen significant movement in NVIDIA […]
