Why This Selloff Is a Rotation, Not the Start of a Crash

Brent Kochuba of SpotGamma and Kevin Davitt of Nasdaq break down a jumpy week, and the read is reassuring: this is a rotation, not a crash. Brent's sharp catch is that the tech top everyone blamed on one headline actually traces to a Chinese chipmaker moving into cheaper memory on October 6, cracking semis and Korea 15% while the equal-weight S&P rose 10%. The options back it: skew is near 90-day lows with no panic bid, and Friday's expiration could set a short-term low. 📊 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 Three options pros on a wild week 00:40 Friday's expiration and its impact 01:30 Why opex could set a short-term low 02:15 It wasn't the headline everyone blamed 03:00 The real top, CXMT and cheaper memory 03:50 Tech down 15, equal-weight up 10 04:40 A rotation, not a crash 05:30 No panic bid in the skew 06:30 Breadth is holding up 07:30 What would actually worry them #tastylive #brentkochuba #spotgamma #sectorrotation #semiconductors #opex #optionsskew #techstocks #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.