Below we show two styles of charts. The first (red, black, green lines) show how much gamma is tied to various expirations. The more gamma there is the more volatility these stocks may have. This is due to our assumption that stocks maintain a negative gamma stance as traders are primarily call buyers (and dealers […]
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TSLA Options Pre Earnings
TSLA reports earnings tonight, and there is a ton of options gamma to generate a large move tomorrow. We define key levels for the stock as follows: Lots of Gamma at 1500 – thats the “pivot” area where stock remains a bull above, bear below. There are a ton of in the money calls at […]
Silver Has Some Gamma!
A few days ago we posted the following chart and comment on Twitter about the Silver ETF, SLV: $SLV running and could be gathering momentum. Seems like there are a fair a amount of calls up into 20’s. If those are net long calls that could help keep it running. I do have silver & […]
TSLA Options Deltas
We show TSLA having the 1500 as the key options strike going into Friday 7/17. The stock yesterday breached 1750 before pulling back to 1500. Its clear the options flow changed when the stock tagged that 1750 area as you can see in the chart at bottom. Friday will such and interesting date fore the […]
TSLA Convert Bonds Options & Gamma Traps
We think that much of what has pushed TSLA’s massive runup in price has been a “gamma trap“. The idea being that in-the-money long calls and new long call positions force dealers to buy the stock as it goes higher. Our model detects a lot of very deep in the money <=400 strike calls, which […]
FAANG Options Expiration Gamma Pin
Our equity analysis models are in BETA but as we watch the data come in we pick up on a few interesting things. One of those was today when 4 our of the 5 FAANG (AAPL, AMZN, NFLX, GOOGL) names have their highest “gamma expiration” today: 7/10/20. Whats also interesting is that at the time […]
Equity Call Euphoria & OPEX Concentration
We have been reviewing the last 5 days of options data in light of reports showing record levels of call positions. Seen below you can see that call volumes have exceeded those of February 2020 – something we felt helped lead to the large drop in March. As you can see below our data suggests […]
The MGM Call Spectacular
Intrigued by the record amount of call buying we decided to take a look at options in one of the more speculative names: MGM. There wasnt much of a scientific process to select a name, we just jumped to Reddit /wallstreetbets and chose the first name they were excited about. It seems like these folks […]
SpotGamma Stock Analysis: ZM Zoom
Today (Friday 6/5) our stock options scanner picked up a large expiration in ZM options. ZM had earnings this week and this is likely why today has such a concentrated options expiration. Based on our model, we see that there is a large amount of Delta at the 200 strike that is set to expire. […]