The VIX and one-month realized volatility have hit one-year lows, indicating bullish implications in the short term for markets. Lower realized volatility suggests lower future volatility, which can create positive returns. The spread between the VIX and one-month realized volatility shows positive returns for periods when realized volatility is 16 or less. However, there are […]
Market Analysis
Western Alliance’s CFO Claims Puts Dropped Their Stock – That’s Doubtful
The link between options flow and the underlying shares is based on the concept that options dealers and market makers buy and sell shares of underlying stock to hedge option positions. These hedging requirements are generally measured through Delta (the number of shares required to hedge an option from the directional move of the underlying) […]
SpotGamma on NinjaTrader TV: Why Futures Traders Need to Watch Options Flow
Brent Kochuba, Founder of SpotGamma, talks with NinjaTrader about how significant options flows can drive underlying market prices. This is fantastic talk for futures traders that are new to the idea of options flows in the ES e-mini futures. Topics discussed include: OPEX cycles, gamma hedging & zero DTE options trading.
The Impact of Zero DTE Options Trading
SpotGamma Founder, Brent Kochuba, combines proprietary research with investment bank insights to lay out the impacts of 0DTE to the S&P500.
SpotGamma Conversation with Michael Gayed
Brent Kochuba, Founder of SpotGamma, spoke on Twitter Spaces with Michael Gayed about the current options landscape including: implied volatility compression, 0DTE and market risks moving forward.
The Silicon Valley Bank Collapse and How the Options Market Reacted
The VIX Jumps, Shocking Record Put Volumes and Real Tail Risk With the SVB risks, we see a shift higher in options tail risk pricing, but not a surge in open interest at a macro level. KRE, the Regional Bank ETF, saw record put volume, and there is record VIX call open interest. XLF and […]
March 2023: New Equity Hub Launch, Call Wall and Put Wall Alerts, and Q&A
SpotGamma has just launched its new Equity Hub dashboard and alert features, which offers a mobile-friendly, modern interface. New additions include Call Wall and Put Wall alerts that light up when corresponding walls are breached or tested. The upgrades aim to help users make more informed decisions and act as highly actionable levels of support […]
How 0DTE (Short-Dated) Put Buyers Can Lead the Market Lower
0DTE Options trading continues to capture the attention of traders, as it appears to drive market behavior. Consider this quote from SpotGamma Founder Brent Kochuba, in a recent 0DTE Bloomberg article: “To Brent Kochuba, founder of SpotGamma, the explosive rise of 0DTE options has actually acted as a positive market force. He conducted a study […]
Is The Market Under Control of 0DTE Options Flow?
Through SpotGamma’s unique HIRO real-time options flow tool, we have been documenting the impact of 0DTE short dated options flow. This action is clearly laid out in the video below from Thursday, February 23rd: This quote from BOFA’s recent research piece on 0DTE short dated options flow tells us that its actually 0DTE buyers in […]
No, 0DTE Will Not Result In “Volmageddon:” BofA Derivative Gurus Respond To Kolanovic
0DTE is not Volmageddon 0DTE is likely not Volmageddon per BOFA, and for that to happen you would need a major 0DTE flow imbalance. This is exactly what SpotGamma laid out to members on our Feb 2nd Q&A, here. Courtesy of ZeroHedge Wednesday, Feb 22, 2023 – 05:25 PM One week ago, JPMorgan’s Marko Kolanovic, […]
