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

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SKHY calls

Oct 25 2026

Dip Buyers Step into the AI Unwind

Will the Selloff Continue? The market began to waver at the end of last week, with the S&P 500 down nearly 2% and Nasdaq dropping 3% from mid-week highs. We noted a spike in MAGS put buying and a rising put/call ratio in our previous Sunday Newsletter as big tech earnings approached. Then, our October […]

Written by Sherry An · Categorized: Market Analysis, SpotGamma Weekly · Tagged: AI trade unwind, CRWV call option, dealer gamma, DRAM call option, FOMC, implied volatility, NBIS calls, October OPEX, options positioning, options skew, SKHY calls, spotgamma weekly, SPX term structure, stock market selloff, volatility spike

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