From ZH: BY TYLER DURDENTHURSDAY, MAY 20, 2021 – 11:15 AM Nomura’s Charlie McElligott summarized things heading into the weekend perfectly for traders: “Op-Ex tomorow matters ‘bigly’ for Equities.“ Critically, he explains, there remains likelihood of continued “chase-y” moves in both directions on dealer delta hedging due to the magnitude of the positioning out there: Latest estimates show […]
Market Analysis
HIRO Indicator Shows Bearish TSLA Options Flow
As put flows pile in on TSLA, there could be a put driven gamma squeeze down in the stock.
SpotGamma on futures.io Debuts HIRO Indicator: Hedging Impact of Real-Time Options
SpotGamma in partnership with Bookmap just launched the HIRO Indicator: the Hedging Impact of Real-Time Options. In this video we discuss the HIRO Indicator, highlighting its many unique values. We believe this is the first system to display the hedging pressure of options trades in real time! Access to the HIRO Indicator on Bookmap is […]
Airbnb Entry Time? ABNB
Airbnb (ABNB) was crushed after some disappointing earnings. We have picked up some Dark Pool readings and options flows which may indicate a bottom is in for the stock. As you can see below the stock is well off recent highs >$200, and is currently trading near $136/share. While options are not particularly active in […]
Todays Option Vanna Rally
We’ve written about some of the major risk signals showing over the last several days/weeks, and those risks manifested in a 4-5% drawdown over the last few trading sessions. Todays bounce appears to be mainly off of the closing of short term put options trades (delta hedge unwind) along with a crush in implied volatility. […]
ARKK Gamma & What’s Really Behind The QQQrash? Nomura Gamma
From ZH: Nomura’s “futures imbalance” monitor showed enormous sell pressure all day in NQ futs across all lots sizes (the largest in at least 1m), but particularly in our medium- and large- lot buckets, proxies for large HFs and Asset Managers aggressively selling / shorting… Two things were behind the QQQcrash – ARKK’s vicious circle and CTA Deleveraging. […]
Commodities Break out: FCX Edition
We’re seeing (and have been seeing) a major breakout in commodities. Metals, energy and commodities of all types are seeing large price increases. One of the stocks closely linked to commodities is FCX, Freeport-McMoran which primarily mines copper. As you can see below the stock has been on a tear, breaking out to highs not […]
SpotGamma Report for: 05/07/2021 AM
Daily Note: Futures have pushed through to 4203 just ahead of this mornings 8:30AM EST jobs report. Our Call Wall resistance point did not move higher, and stands at 4200. The SPY Call Wall is 421, and so we draw a large Combo resistance point at 4215. Support shows at 4175, with a max SpotGamma […]
SpotGamma on Real Vision with Imran Lakha
Watch our full interview here. TAIL WAGGING THE DOG: HOW OPTIONS GAMMA DRIVES EQUITY PRICE ACTION The Interview · Featuring Brent Kochuba and Imran Lakha Published on: May 6th, 2021 • Duration: 42 minutes Imran Lakha of Options Insight and Brent Kochuba of SpotGamma are veterans of the options market, and they join Real Vision to shed light on how […]
SpotGamma Report for: 05/06/2021 AM
Daily Note: 4160 is the current futures price – flat to last nights close. There was little change in key levels overnight, with our models looking for a 90bps max move with 4200 resistance, 4150 support. We think a break of 4150 brings a quick test of 4100. Our sentiment remains the same: that markets […]