• Skip to main content
  • Skip to primary sidebar

SpotGamma™

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

  • About
  • Pricing
  • Academy
  • Resources
    • Tool Demos
    • Case Studies
    • Blog
    • Support Center
    • Free Daily Report
    • Free Trading Tools
      • Options Profit Calculator
      • SPX Gamma Exposure
      • Implied Earnings Moves
      • Volatility Ranking
    • Free Training
    • Report Card
  • Login

IWM put skew

Aug 23 2026

Volatility Has Compressed. What Happens Next?

SPX term structure chart showing implied volatility declining from 32% to 10% across expiration dates through October 2026.

The S&P 500 pulled back slightly last week, and the market’s recent volatility compression phase appears ready for a reset. With earnings season largely over, both index and single stock volatility have dropped from the elevated levels that prevailed earlier this summer. Our pre-market Founder’s Note on Friday explained how substantial short-options positions cleared with […]

Written by Sherry An · Categorized: Market Analysis, SpotGamma Weekly · Tagged: contango, dealer gamma, forward implied volatility, Gamma Exposure, implied volatility, IWM put skew, Jackson Hole, Kevin Warsh, options positioning, options skew, QQQ call skew, spotgamma weekly, SPX term structure, synthetic gamma

Primary Sidebar

SpotGamma-Subscriber-Signup-Banner

  • AI Stocks Options Positioning: Call Selling, Not Put Buying
  • FOMC Preview: The Hike Is Priced. The Dots Aren’t.
  • Gamma Guy: S&P 500 Realized Volatility Is the Lowest Since 2020
  • UBER Insider Buying: A $10 Million Vote of Confidence
  • Hedging Against a Volatility Spike: VIX Calls vs. SPX Puts
  • youtube
  • x
  • Privacy Policy
  • Disclaimer
  • Terms & Conditions
  • Support Center
  • Media
  • Contact Us

©2026 TenTen Capital LLC DBA SpotGamma

All SpotGamma materials, information, and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations. Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.

View Full Risk Disclosure