SpotGamma™

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

NVDA

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.

NVIDIA Drops 6 Points Post-OPEX After Losing Key Gamma Support

SpotGamma traders know how important support and resistance levels can be, making it highly impactful when they disappear. Following May Options Expiration, NVIDIA (NVDA) lost a large zone of positive Gamma support that had helped stabilize price for weeks. SpotGamma’s Compass, Equity Hub History, and Dealer-Side Gamma Heatmap all pointed toward a weakening setup before […]

The NVIDA Industrial Complex: 0DTE and Deteriorating Liquidity

In two recent media appearances, Brent Kochuba, Founder of SpotGamma, broke down his theory about how impactful NVDA short dated options are to the US stock market. Hint: very. First, this was discussed with Victor Jones of TasyTrade, and then with Jack Forehand of ExcessReturns. In recent market activity, we’ve seen significant movement in NVIDIA […]

NVIDIA Rejection at Call Wall Triggers Intraday Selloff as SpotGamma Delivers High-Conviction Short Setup

When large amounts of Gamma are set to expire and price approaches key resistance, volatility and directional moves can accelerate quickly. NVIDIA (NVDA) provided a textbook example of this dynamic, as a rally into a major call wall led to a sharp reversal driven by options positioning. With heavy Call Gamma dominating the structure and […]

Office Hours with Imran: Key Strategies for Navigating Volatility, Black-Scholes Calculations & Volatility Skew Insights

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Unpacking May OPEX: How Will Low Volatility and NVDA Earnings Shape The S&P 500?

Key Points: A Brief Synopsis: Large call positions are driving low volatility into May options expiration. The expiration of call positions lines up with several key data points (Fed Speaking, CPI) which may cause volatility to briefly expand into the end of this week (Friday, 5/17), and into VIX expiration & NVDA earnings on 5/22. […]

How SpotGamma Identified NVDA’s 900 Reversal — And Mapped the Entire Move Lower

This NVDA case study shows how a single level — the 900 Call Wall — set the stage for a high-probability intraday reversal, with SpotGamma tools mapping the move from resistance all the way down to key support levels. By combining positional analysis with real-time flow signals from HIRO, traders could anticipate both the breakdown […]