• SPY breaks below $773 and fails to recapture on NFP day → gamma flip to negative across equity complex, dealer short positioning reverses from hedging to mechanical selling into weakness
• QQQ closes below the $705 flip level on a Fed-sensitive macro print → tech gamma unwinds, NVDA and AAPL convexity losses accelerate as options dealers de-gross long delta exposure
• NVDA closes above $220 flip for 3 consecutive sessions while VIX contracts below 16 → positive gamma regime hardens into structural dominance, dealer long gamma becomes self-reinforcing through earnings cycle
| Ticker | Spot | GEX regime | IV rank |
|---|---|---|---|
| SPY | $772.55 | negative | 0% |
| QQQ | $723.00 | positive | — |
| NVDA | $216.60 | positive | 0% |
| AAPL | $310.50 | positive | 0% |
| MSFT | $490.00 | positive | — |
| AMD | $472.30 | positive | — |
| TSLA | $325.00 | negative | — |
| META | $589.30 | positive | 0% |
No notable patterns detected today.
| Date | Event | Type |
|---|---|---|
| 2026-08-07 | 💼 NFP Jobs Report | nfp |
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