SpotGamma’s Opening Setup report is a daily options-based report for SpotGamma members that highlights key changes in options pricing and positioning. Through this report, readers can gain an understanding of how buyside traders have shifted their positions over the past day and identify stocks with anomalous options pricing. One of the report’s primary goals is […]
Market Analysis
Gamma Guy with tastylive: Options Positioning Pins the Index While Tech Names Make Moves
Brent Kochuba, founder of SpotGamma, broke down September OPEX positioning, 0DTE flows and cheap IWM hedges on tastylive Tuesday, September 8.
Oracle Earnings Preview: $638B AI Backlog vs. an 11.5% Options Implied Move
Oracle reports fiscal Q1 2027 after the close on Thursday, September 10. The September 11 options are pricing an unusually large move, dealer gamma is tilted positive below current prices, and CPI lands before Friday’s open.
AI Infrastructure Runs Hot into September
August closed with robust corporate earnings, and nowhere was that clearer than in the AI trade stocks. Last week’s standout report came from Dell (DELL), which jumped 16% after beating estimates and raising guidance. Dell is a leading server provider for AI data center infrastructure. Its results echoed what Nvidia (NVDA) showed a week earlier: […]
Doves Fly into August Jobs Report
Friday’s 8:30 a.m. ET Employment Situation report has the potential to be the biggest bond-market catalyst since Jackson Hole, yet the options market is pricing a contained move. A look at SPX term structure, fixed strike vol, and dealer gamma ahead of the print.
AI Stock Options Reset From a Record Peak: Brent Kochuba on tastylive
Brent Kochuba on tastylive: AI stock options have reset from record dispersion, and the positioning no longer rewards shorting tech.
How Options Positioning Could Limit a Major Selloff
Rate hike odds near 60% and a red day across bonds and equities. On Gamma Guy, Brent Kochuba breaks down why muted put demand, cheap implied volatility, and positive dealer gamma could keep a large selloff from materializing.
Broadcom is the Next AI Focused Catalyst
Fundamentals Broadcom (AVGO) is the most important remaining AI hardware earnings report of the week, providing investors with a different read on AI spending compared to Nvidia. Nvidia tells us about demand for general-purpose GPUs, while Broadcom tells us about custom AI accelerators, networking, hyperscaler silicon programs, and the increasingly competitive threat to Nvidia from […]
Software Earnings Reignite Risk Appetite
Market sentiment was mixed last week following NVDA earnings and Jackson Hole. While NVDA’s solid outlook pushed the market to within inches of all-time highs, Warsh’s hawkish tone seemed to increase the probability of a September rate hike. Throughout August, the S&P 500 has closed in a narrow 2.6% band (SPX 7,600 – 7,800). The […]
Jackson Hole 2026: What the Options Market Expects
SPY forward IV prices Jackson Hole as a non-event, but CTAs are stretched short Treasuries and SPX gamma flips near 7780 — an asymmetric setup into Friday.