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How Option Dealer Flows Impact the Stock Market

Billions are moving through the stock market every day—but not for the reasons most investors think.

In this episode, Brent Kochuba of SpotGamma breaks down the hidden world of options dealer flows and explains how concepts like gamma, vanna, and charm are silently shaping market behavior. Whether you’re a trader or long-term investor, understanding these behind-the-scenes forces is essential to making sense of today’s volatility.

We discuss:

What dealer hedging flows are—and why they matter

How options flows move billions without a fundamental trigger

The role of gamma, vanna, and charm in…

The skinny

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