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S&P 500 Stock Market Gamma Trading Levels Based on Options Open Interest

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HIRO options flow

Jun 07 2026

The AI Trade Unwinds

Wall Street’s historic weekly winning streak came to an abrupt halt last week. On Friday, a sharp NFP report drove the S&P 500 down over 2.6%, leading to a sharp AI selloff and rising bond yields. Adding fuel to the fire, the market now appears to be pricing in a rate hike by the end […]

Written by Sherry An · Categorized: Market Analysis, SpotGamma Weekly · Tagged: AI trade unwind, dealer gamma, dealer hedging, Gamma Exposure, HIRO options flow, implied volatility, market makers, positive gamma, semiconductor selloff, SMH dealer gamma, spotgamma weekly, SPX options positioning, SPX term structure, volatility spasm

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