Brent Kochuba, founder of SpotGamma, joined CNBC on September 29 to discuss the AI trade market breadth split and why Micron is the next test.
Implied Move
Oracle Earnings Preview: $638B AI Backlog vs. an 11.5% Options Implied Move
Oracle reports fiscal Q1 2027 after the close on Thursday, September 10. The September 11 options are pricing an unusually large move, dealer gamma is tilted positive below current prices, and CPI lands before Friday’s open.
One Stock, 803 ETFs: Why Nvidia Earnings Impacts the Entire S&P 500
Brent Kochuba joined CNBC to discuss Nvidia’s earnings, Salesforce, and how options traders repositioned across bond ETFs after comments from Treasury Secretary Bessent.
NVDA Earnings: The Options Market May Be Underpricing This Move
NVDA reports Wednesday after the close with the options market pricing a 5.5% move — below its 7.4% average realized move over the last 12 quarters. Dealers are short gamma above $220, call skew sits at the 81st percentile, and a distorted term structure opens up a calendar spread setup.
