Russell 2000 Credit Spread, Hertz Straddle: US Options Snapshot

The VIX fell more than half a point, below 16. Both top large cap single stock and S&P 500 Index Options are comfortably in positive gamma territory above the SPX ~7,500 level, according to data from SpotGamma, meaning market maker hedging should act as a stabilizing force. The S&P 500 rose 0.4%, while the Nasdaq 100 slipped 0.5%.

Here are some notable options trades from today:

• iShares Russell 2000 ETF (IWM) put calender credit spread
  • A trader bought a 105k July $290 put and sold a 105k Jan. $290 put for $10.30 credit
  • The ETF rose 1.4% Thursday ...