204: AI Stocks Under Pressure: Finding Opportunities in SPX

AI stocks took a beating last week, interest rates continue to pressure the market, and the S&P 500 remains stuck in a choppy, directionless trading environment. So how do we approach trading SPX when the market can't seem to find a trend?

In Episode 204 of the Stock Market Options Trading podcast, I take a look at the recent tech selloff, current SPX gamma exposure levels, and the economic events that could influence the market this week, including the midterm elections.

I also share why I've been focusing more on shorter-duration SPX 0DTE credit spreads, using Alpha Crunching's Trend Spread Engine (TSE v2) to identify potential intraday trading opportunities.

In this episode:

• Why AI and big tech stocks are under pressure
• Nasdaq vs. S&P 500: Comparing recent market performance
• SPX gamma exposure, call/put walls, and negative gamma
• This week's economic calendar and midterm elections
• Why choppy markets make directional trading difficult
• Using TSE v2 to identify higher-probability 0DTE credit spread opportunities
• Why the 12:30–1:00 PM ET window is showing interesting historical results

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Options trading involves risk. Historical results do not guarantee future performance. Content is for educational purposes only.