@spotgamma spotgamma
Institutional options-dealer-positioning analyst translating gamma and vol flows into index price mechanics
Publishes real-time analysis of equity options structure --
Grade = how their written analysis reads (A best). Trader score = how their last-20 timestamped calls performed vs SPY. · Analyst brief as of 2026-06-22.
Across their last 20 scored bets: 50% hit rate, +0.40% mean alpha, trader score +0.94. Their last-14d mentions, direction-adjusted, have moved +1.9% since posting (mean over 8 mentions with price data).
Spotgamma is mostly focused on SPCX options launch dynamics, disclosed long SPCX shares, and tracked heavy early options demand around Thursday OPEX. The distinctive read is market-structure driven: SPCX has demand and support near 195, while broader SPX dealer gamma deteriorated after a tape shock. Late-window tone shifted more cautious on index gamma, with dealers no longer framed as dip buyers.
SPCX is the clear concentration, with long-share disclosure and repeated tracking of options volume, call pricing, dealer gamma, and OPEX setup. The author’s index read turned more cautious late in the window after SPX gamma changed and dealers were described as no longer buying dips. No CALL_DIRECTIONAL signals appeared, so conviction trades are absent despite the SPCX position disclosure.
| date (PT) | ticker | author | sent | what they said | since then | receipt |
|---|---|---|---|---|---|---|
| 2026-07-02 | · | @spotgamma | · | Mentions 750 solid resistance but ticker context absent. | · | tweet ↗ |
| 2026-07-02 | QQQ | @spotgamma | +0.20 | Says QQQ/NDX OTM vols coming in on drawdown may limit correction; needs vol resync. | — | tweet ↗ |
| 2026-07-02 | · | @spotgamma | · | Options flow dominated by $-4B single-stock selling; AI winners slammed. | · | tweet ↗ |
| 2026-07-01 | AMD | @spotgamma | -0.20 | Comments that AMD 25 delta call IV is getting ridiculous. | -4.3% | tweet ↗ |
| 2026-07-01 | SPX | @spotgamma | -0.25 | Elevated single-stock tech options diverge from S&P index options; history shows <=14 days. | · | tweet ↗ |
| 2026-07-01 | QQQ | @spotgamma | -0.15 | Record options volume at <=5-day expirations: 87% QQQ and 78% SPX. | -1.7% | tweet ↗ |
| 2026-07-01 | SPX | @spotgamma | -0.15 | Record options volume at <=5-day expirations: 87% QQQ and 78% SPX. | · | tweet ↗ |
| 2026-06-30 | · | @spotgamma | · | Mentions put skew 99 and call skew 2 without ticker or stance. | · | tweet ↗ |
| 2026-06-30 | QQQ | @spotgamma | +0.00 | Says 1% up days are small when QQQ realized volatility is 2% daily moves. | -3.2% | tweet ↗ |
| 2026-06-30 | · | @spotgamma | · | Author warns conditions are ripe for another market spasm, but gives no ticker or trade mechanics. | · | tweet ↗ |
| 2026-06-30 | · | @spotgamma | · | States gamma is positive, but no underlying instrument is specified. | · | tweet ↗ |
| 2026-06-29 | QQQ | @spotgamma | +0.15 | Says memory call IV and skews are fading after MU earnings, signaling tech vol may come in. | -1.6% | tweet ↗ |
| 2026-06-29 | MU | @spotgamma | -0.10 | Says memory call IV and skews are fading after MU earnings, signaling tech vol may come in. | -14.8% | tweet ↗ |
| 2026-06-28 | · | @spotgamma | · | Newsletter notes correction after OPEX and capital rotation out of tech and AI. | · | tweet ↗ |
| 2026-06-26 | QQQ | @spotgamma | -0.45 | Selling QQQ calls looks signaled by rising vol on upside movement. — Author says rising vol with stock movement higher feels like signal for selling QQQ calls. | +0.9% | tweet ↗ |
Grade is our human read-worthiness rating; trader score is a rolling 20-bet hit-rate/alpha composite — different things, often disagreeing. “Since then” is direction-unaware in the table; the summary line above adjusts for which way they leaned.