Goldman visualizes record $2.6T gamma squeeze in S&P options
Goldman Sachs reported a record $2.6 trillion gamma squeeze in S&P options, leading to significant market volatility. This event saw dealers scrambling to hedge $7.5 billion in short gamma exposure as call options dominated trading activity. The situation raises concerns about potential spillover effects into cryptocurrency markets.
- ▪The S&P 500 options market experienced its most chaotic day with $2.6 trillion in call option volume on May 7.
- ▪Call options accounted for approximately 60% of all trading activity that day, resulting in a gamma squeeze.
- ▪Goldman Sachs noted that the current market behavior resembles the late 1990s tech boom, with speculation overshadowing fundamentals.
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Goldman visualizes record $2.6T gamma squeeze in S&P options Dealers scrambled to hedge $7.5 billion in short gamma exposure as call options hit historic volumes, raising questions about spillover into crypto markets. Share Add us on Google by Editorial Team May. 26, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); The S&P 500 options market just had its most chaotic day in recent memory.
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