What if the biggest market moves aren't driven by fundamentals—but by flows you can't see?In this episode, Brent Kochuba of SpotGamma joins us to explain the hidden mechanics of the options market that are quietly reshaping stock prices. We explore how dealer hedging, gamma squeezes, and volatility dynamics like Vanna and Charm are influencing everything from individual stocks to the S&P 500. Whether you're an active trader or a long-term investor, understanding these forces is crucial to interpreting today’s markets.We discuss:Why dealer flows are moving billions in stocks each dayWhat Gamma, Vanna, and Charm really mean—and why they matterHow implied volatility creates powerful reflexive market movesWhy options expiration dates often mark key turning pointsWhat long-term investors should know about short-term flowsReal-world examples: GameStop, Tesla, Nvidia, COVID, and moreEven if you never trade an option, this conversation will change how you think about market behavior.

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