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semiconductor rotation

Sep 07 2026

AI Infrastructure Runs Hot into September

Two profit/loss charts for MU stock showing break-even points around $1,000 strike with expiration on 2026-09-29.

August closed with robust corporate earnings, and nowhere was that clearer than in the AI trade stocks. Last week’s standout report came from Dell (DELL), which jumped 16% after beating estimates and raising guidance. Dell is a leading server provider for AI data center infrastructure. Its results echoed what Nvidia (NVDA) showed a week earlier: […]

Written by Sherry An · Categorized: Market Analysis, SpotGamma Weekly · Tagged: AI data center stocks, bull call spread, call skew, dealer gamma, DELL earnings, Gamma Exposure, implied volatility, Options Calculator, options positioning, options skew, semiconductor rotation, spotgamma weekly, theta decay

Aug 30 2026

Software Earnings Reignite Risk Appetite

SPY options gamma chart showing strike levels 120, 175, and 200 with positive and negative gamma peaks.

Market sentiment was mixed last week following NVDA earnings and Jackson Hole. While NVDA’s solid outlook pushed the market to within inches of all-time highs, Warsh’s hawkish tone seemed to increase the probability of a September rate hike. Throughout August, the S&P 500 has closed in a narrow 2.6% band (SPX 7,600 – 7,800). The […]

Written by Sherry An · Categorized: Market Analysis, SpotGamma Weekly · Tagged: contango, CRM earnings, dealer gamma, forward implied volatility, Gamma Exposure, implied volatility, options positioning, options skew, ORCL options, semiconductor rotation, spotgamma weekly, SPX term structure, synthetic gamma

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