Single stock put selling has left dealers long gamma while realized vol sits near lows. See the positioning levels that would change the read.
Excess Returns
Last Call: Relatively Few Traders Are Hedging Equity Downside
Bond volatility has jumped while equity downside hedging stays light. See what call skew in TLT, HYG and XLU says about how traders are positioned.
September OPEX Options Positioning: Why 7,600 Is the Line | The OPEX Effect
Brent Kochuba of SpotGamma joined Excess Returns Thursday on September OPEX options positioning, the 7,600 gamma line, oil-rate risk and cheap tech vol.
March Call Demand & The Stock Market Bubble
SpotGamma Founder, Brent Kochuba, discusses the options landscape into a massive March Options expiration. Here they cover dispersion, correlation, option skew, and why these metrics point to a short term equity top.
Excess Returns Interview: What Equity Investors Need to Know About Options Impact
Brent Kochuba, Founder of SpotGamma, speaks with Excess Returns about signals equity investors can pull from the options market.