SPX right tail risk may be under-owned: the whole vol surface lifted, flows leaned to call spreads, and put flies cap the cost of hedging 7,600.
AAPL
Apple (AAPL) Earnings Preview: Options Price a 4.3% Move as Holiday Guidance Takes Center Stage
Apple (AAPL) heads into its fiscal fourth-quarter earnings report trading near all-time highs, with expectations elevated for its latest iPhone cycle, Services growth, and the critical holiday shopping season.
Gamma Guy with tastylive: Options Positioning Pins the Index While Tech Names Make Moves
Brent Kochuba, founder of SpotGamma, broke down September OPEX positioning, 0DTE flows and cheap IWM hedges on tastylive Tuesday, September 8.
Apple Breaks Out, Delivering 18:1 Intraday Trade
When volatility and options flow signals line up, intraday trades can deliver outsized returns. Apple (AAPL) provided a textbook example of this dynamic, as price reclaimed the Hedge Wall with options positioning fueling a sustained move higher. After a recent selloff, Apple began to stabilize and reverse higher. SpotGamma’s Compass flagged the stock as having […]
HIRO Can Help Find Stock Lows
Today AAPL stock cratered after announcing a cut in iPhone 14 production. Options flow may have helped traders identify the stock low – we walk you through how.
AAPL Options Gamma Unwind
It’s September 3, 2020 and parts of the market crashed. Let’s start with AAPL.
Nomura August 2020 Gamma Update
Charlie McElligott’s prediction from last week that the Nasdaq could suffer from a nasty spill as dealer gamma had turned increasingly negative… … was foiled by the blockbuster earnings from the mega tech companies which sent the Nasdaq to new all time highs, forcing dealers – and frankly everybody else – to chase the year’s best performing […]
AAPL, FB, AMZN Earnings Gamma Chart Pack
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 […]
Virus Outbreak – Week in Review
Ahead of important AAPL (Apple) earnings and the FOMC we wanted to review the market over the past week. We have spent a lot of time drawing an analogy between todays market and that of January ’18 (see here). Interestingly the Jan ’18 market topped the same day as the current market. Currently gamma is […]