Brent Kochuba Says the Legs Holding Up This Market Are Falling Away

Brent Kochuba of SpotGamma says the legs holding up this market are falling away. Meta sold off hard despite a beat, Tesla slid, and the semis broke the 540 line that had been support, so the tech trade is shifting from mean-reversion to a real downtrend. His deeper point: there's so much leverage now, more ETFs than single stocks, that flows have become a Frankenstein amplifying every move. By skew and flows, he says, it was obviously a bubble back in June. 📊 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 This is a tricky market 00:40 The legs of the stool are falling away 01:30 Still a rotation, not a sell-everything 02:10 Under the 7690 risk pivot 02:50 Tech goes from mean-reversion to trend 03:40 The semis break the 540 line 04:30 Fixed-strike vol ticking up 05:30 So much leverage, a Frankenstein market 07:00 More ETFs than single stocks 08:00 Was it a bubble? Skew said yes in June #tastylive #brentkochuba #spotgamma #metaearnings #semiconductors #leverage #optionsflow #aibubble #optionstrading #stockmarket 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.