Brent Kochuba on the Gamma Flip That Could Turn a Dip Into a Slide

On his Gamma Guy show, SpotGamma founder Brent Kochuba walks tastylive through the dealer positioning behind a shaky tape. His key point: above a certain S&P level, dealer gamma has been cushioning every dip, but below it the positioning flips negative, which can turn a small decline into a faster slide as hedging flows pile on. He also breaks down the VIX pop and why volatility has room to rise from very low levels, the way oil and equities have started moving in opposite directions, and the sky-high expectations baked into Oracle earnings. Views are the speakers' own. Education, not a recommendation. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 Oil, rates and a shaky tape 01:38 Reading the S&P gamma map 02:24 Negative gamma and the VIX pop 04:25 Volatility has room to climb 06:53 The Fed and global rate hikes 09:51 Oracle earnings expectations 16:10 Call selling at the highs 17:04 Watching the downside risk #tastylive #spotgamma #brentkochuba #gammaexposure #vix #volatility #optionstrading #sp500 #dealerpositioning #optionsflow tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.