In The OPEX Effect: June 2024, Brent Kochua and Jack Forehand discuss the impact of options expiration (OPEX) on market volatility and specific stocks, such as Nvidia. During periods of low market volatility, significant call positions expiring can lead to increased market movement and volatility. They mention the influence of JP Morgan’s collar positions on the […]
Market Analysis
Trade Analysis: META Flashback (April 4, 2024)
Author: Doug PlessProfessional Trader & SpotGamma Content Contributor Case Study: A Winning Trade in Meta (META) with Doug Pless In this detailed case study, Doug Pless demonstrates how to leverage SpotGamma’s powerful tools to plan and execute a successful trade in Meta (META) on April 4, 2024. Utilizing SpotGamma’s Key Daily Levels, HIRO, and Equity […]
The Downside of Call Selling Funds
Last week, our founder Brent Kochuba attended the EQ Derivatives conference in Las Vegas. The conference attracted attendees from various backgrounds, including pension funds, sell-side firms, exchanges, and fund providers. One of the hottest topics over the two days of presentations was the proliferation of systematic call overwriting. The interest in this discussion was driven […]
Trade Analysis: NVDA Flashback (March 14, 2024)
Author: Doug PlessProfessional Trader & SpotGamma Content Contributor In this comprehensive trade analysis, professional trader and SpotGamma content contributor Doug Pless delves into the intricacies of trading NVDA on March 14, 2024. Utilizing advanced tools such as Equity Hub and HIRO Indicator, Doug meticulously outlines his morning planning routine, providing insights into key metrics like […]
GME Options Implode – The Tax of IV Decline
$GME vol has totally faded, just like the interest in @TheRoaringKitty twitter feed (sooo many video clips – that can’t be him posting). Anyway, here we see the peak in 1-month IV at +340% on Tuesday (yellow) when the stock hit >$60. Stock up, vol up. Now the IV’s (and GME’s stock price) have come […]
Unpacking May OPEX: How Will Low Volatility and NVDA Earnings Shape The S&P 500?
Key Points: A Brief Synopsis: Large call positions are driving low volatility into May options expiration. The expiration of call positions lines up with several key data points (Fed Speaking, CPI) which may cause volatility to briefly expand into the end of this week (Friday, 5/17), and into VIX expiration & NVDA earnings on 5/22. […]
Is the Unprecedented Market Calm Driven by 0DTE and Overwriting ETF’s?
In the presentation and outline posted below, SpotGamma presents a view that equity markets are experiencing dramatically low levels of volatility. The generally low levels of volatility are likely in response to both monetary & fiscal policy, globally, as low volatility is seen across many assets and regions. However, we believe that the impact of […]
SpotGamma with Public: Semi Skews & the Stock Bubble
Brent Kochuba, Founder of SpotGamma, joined brokerage Public to discuss semi stock skews, and why he thinks stocks are in a bubble. However, that bubble may continue to expand – watch to find out why. Below is an automated transcript, please forgive any grammatical errors: Hey everyone welcome to Leading Indicator, a show bringing you […]
SpotGamma on TastyTrade: NVDA, 0DTE, VIX Exp & FOMC
Brent Kochuba, Founder of SpotGamma, joined Victor Jones & TastyTrade to discuss a variety of topics including:
Systematic Call Overwriting In Action: QYLD
With all the attention on systematic options portfolios, here is a great view into what happens with $QYLD, the Nasdaq BuyWrite ETF ($8bn AUM). Each month they sell 1 month, ATM NDX calls against a stock portfolio. Call flow is shown via the orange line in our HIRO graphic, which essentially measures the delta of […]
