Brent Kochuba Says the S&P Has Not Been This Still Since 2020

Brent Kochuba, founder of SpotGamma maps a market that is moving less than it has at any point in the past year, even with oil pushing toward fresh highs, the 10 year yield near its highest since 2007, and questions hanging over the AI trade. He puts 7,600 forward as the level that decides whether the tape stays orderly. He compares realized volatility near 9 with a VIX closer to 18, walks the rule of 16, and notes that his high to low volatility measure sits at its lowest since January 2020. He also reads the 0DTE condor that shaped the morning, and frames how he is thinking about Friday's expiration. All market views are Brent's 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 What is odd about this market 01:27 Friday's expiration is not 9 trillion 02:45 A rolling condor shows up 04:20 A spread becomes intraday support 05:50 The call side gets sold 07:40 Mean reversion erases realized vol 08:50 Oil, rates and AI at once 09:51 Realized vol lowest in a year 10:41 Why 7,600 is the line 12:28 Rule of 16 and fair value 14:27 Term structure ahead of the Fed 16:18 Lowest high to low vol since 2020 19:30 Why vol should expand from here 21:58 Where the gamma trough sits 24:02 Thinking about November upside #tastylive #optionstrading #spotgamma #gammaguy #volatility #vix #0dte #spx #fomc #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.