Last week, the S&P 500 closed its eighth straight weekly gain — the longest streak since 2023. As the rally continues to achieve record highs, underlying options positioning has evolved meaningfully since March. Most importantly, the market has quietly shed much of the protective hedging that was in place just two months ago. A dense […]
Market Analysis
NVDA earnings vs. a stretched S&P 500
For the fourth consecutive week, the S&P 500 has struck records highs. This week’s breach of SPX 7,500 even arrived in the face of hotter-than-expected CPI and PPI prints — data that historically would have triggered a meaningful selloff. The tone shifted somewhat on Friday, as the rally lost steam into monthly OPEX. The week […]
The AI Trade Roars — But for How Long?
Last week, strong earnings pushed both the S&P 500 and Nasdaq to — once again — achieve all-time highs. Through the fast and furious AI-driven rally of the past 6 weeks, SPX has climbed 15% while NDX has surged 28%. The market’s pace of advance is well beyond historical norms, reflecting an exceptionally aggressive repositioning […]
Quiet Indices, Roaring Stocks: the Volatility Dispersion Trade
Robust Mag7 and semiconductor earnings have reinforced investor confidence in the AI trade, lifting the S&P 500 and Nasdaq to fresh highs. Index implied volatility (IV) — the options market’s expectation of future price movement — reset to its lowest level in three months. Despite the backdrop of the Iran conflict and heightened oil prices, […]
The 3 Most Important Greeks for 0DTE Trading
Discover the three options Greeks that matter most for 0DTE trading: Gamma, Delta, and Charm. Learn how each impacts intraday price action and market maker hedging.
How to Trade the Vanna Rally: Profiting When Volatility Drops
Learn how to identify and trade Vanna-driven rallies. Understand the mechanics of dealer hedging flows when implied volatility collapses and use SpotGamma to time your entries.
Vanna and Charm Explained: The Hidden Greeks Driving Market Rallies
Discover how Vanna and Charm pressure influence S&P 500 price action. Learn how market maker hedging around these ‘hidden’ greeks creates predictable market rallies and pins.
5 Stocks with the Most Predictable Earnings IV Crush
Discover which stocks exhibit the most consistent implied volatility collapse after earnings and how to use SpotGamma Equity Hub to time your entries.
How to Trade GEX Flips: An Intraday Masterclass Using SpotGamma TRACE
One of the most profitable setups in options-land is the GEX Flip—the moment a market transitions from a stable, “pinned” environment into a high-volatility “squeeze” or “slide.” Using the TRACE charts from April 23, 2026, we can see exactly how this transition occurs in real-time. Stage 1: The Stable Open (9:30 AM EST) At the […]
How next week’s earnings could drive volatility
Markets pushed to fresh all-time highs this week, driven by continued strength in AI stocks. One of the notable stores was SMH (the semiconductor ETF) which surged over 30% this month to cap 168% gain in the past year. While euphoric spirits have recently prevailed, next week brings an event-heavy calendar that might shift the […]