SPX right tail risk may be under-owned: the whole vol surface lifted, flows leaned to call spreads, and put flies cap the cost of hedging 7,600.
ORCL
Options Action Live: Call Selling Can Cap Mega-Cap Upside
Positive gamma resistance from mega-cap call selling can cap upside into earnings. See how dealer hedging and implied moves shaped Microsoft and Oracle.
Tech Selloff Looks Like Rotation: Brent Kochuba on Schwab Network
Tech options positioning shows light put demand and short-vol bets into Meta and SPCX earnings, a mix that reads as rotation rather than de-risking.
S&P 500 Negative Gamma Below 7,600 — Brent Kochuba on tastylive
Brent Kochuba, founder of SpotGamma, joined tastylive Thursday to map S&P 500 negative gamma below 7,600, a lifting vol surface and Oracle’s call skew.
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.
ORCL Launch?
One of the names catching headlines recently is ORCL. They have a conditionally approved deal to takeover TikToc, and that appears to have call buyers excited. In the chart below our “Hedge Wall” (blue dotted line) is at 60 – this is a key support/resistance level in the name. Note the blue call gamma line […]