How Traders Milked the Volatility Out of SpaceX

Brent Kochuba of SpotGamma makes a subtle point about what rising rates have actually done. They have not shifted equity volatility at all. What they changed is behavior: call buying has contracted hard, as traders who were bullish simply backed off upside bets rather than flipping to the downside. The result is a market still holding real right-tail risk, with realized vol to the upside running higher than to the downside, the kind of behavior you do not see when a market is about to roll over. 📊 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 The Gamma Guy joins 00:30 Brazil stocks and exploding call skew 01:40 NVIDIA IV rank near zero 02:10 SpaceX breaking out 02:40 The short put to finance a long call 03:30 No one moves a meme like Elon 04:00 Rates didn't change vol, they killed calls 05:00 A market holding right tail risk 06:30 How the vol got milked out of SpaceX 08:30 The VIX vol premium holding 10:00 Where he sees the upside #tastylive #spotgamma #gammaguy #nvidia #spacex #impliedvolatility #righttailrisk #optionsflow #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.