Follow
About Brent
Brent Kochuba founded SpotGamma in 2020 to provide retail traders with an edge by unveiling how and when options are driving stocks and futures. SpotGamma models all US options flows to generate proprietary expert analysis and actionable indicators for our global trading community.
Brent's Articles
When it comes to put-buying, we see names “going convex.” To place this into context, the S&P 500 Index (^SPX) was recently 3% off of all-time highs, which were set just a few days ago. But suddenly, the world is a disaster and we see certain subsectors getting absolutely wrecked (software, crypto, etc.), observes Brent Kochuba, founder of SpotGamma.
Brent Kochuba
OPTIONS
The chase is clearly back on, after vols have mildly reset. The iShares Russell 2000 ETF (IWM) made new-all time highs Wednesday, as did the VanEck Semiconductor ETF (SMH). That's not something that happens in the midst of a risk-off spasm. If the S&P 500 Index (^SPX) moves back below 6,890, we flip back to risk-off, writes Brent Kochuba, founder of SpotGamma.
Brent Kochuba
OPTIONS
S&P 500 Index (^SPX) support is at 6,825 and 6,800. Resistance is 6,850 and 6,900. The FOMC meeting is the last thing preventing traders from packing it up for the year, and our models show about three vol points associated with this event. That three points of event vol is in the context of SPX IV that is pretty fairly priced, writes Brent Kochuba, founder of SpotGamma.
Brent Kochuba
OPTIONS
Futures fell 1% yesterday morning, with the S&P 500 Index (^SPX) breaking 6,800. There is no one clear single trigger here, more just a loss of upside aspiration. Ultimately, we view any dip trade as an intraday swing until/unless SPX moves back above 6,900, writes Brent Kochuba, founder of SpotGamma.
Brent Kochuba
OPTIONS
