To The Moon

1. Live Review Introduction

Review Live>>

Shortcuts：

• 【 Livestream Recap : SPX vs SPY: it's not just the price 】

• 【Livestream Recap | Why did 0DTE explode after 2022?】

• 【Livestream Recap | Why do pros love 0DTE for events? 】

• 【Livestream Recap | AI's real impact may not be fully priced yet】

Tiger Brokers livestream hosted by Esther, featuring Selena Han, former CBOE economist and founder of Han Insights. With 8 years of experience at CBOE, the largest US equity options exchange, Selena served as the exchange’s first dedicated economist, translating raw market data into actionable insights for regulators and all tiers of market participants. Her research spans US equities, derivatives, volatility dynamics, macro trends and AI sector investment logic.

Zero Days to Expiration (0DTE) SPX options have become one of the most debated trading instruments across US markets. Retail and institutional participation has surged over recent years, yet many investors still confuse SPX contracts with SPY ETF options and misunderstand how 0DTE works.

The AI investment cycle has created extreme differentiation across tech sectors in 2026. While some semiconductor and hardware names have delivered extraordinary returns, large-cap tech and SaaS businesses face mounting investor scepticism. Selena shared her analysis on AI stock volatility, alongside practical guidance on choosing between SPX index options and single-stock options.

Disclaimer: All content shared is purely for investor education purposes and does not constitute any financial advice, investment recommendation or trading signal. All trading involves significant risks. Please conduct independent research before making investment decisions.

2. Widening Performance Split Across the AI Value Chain

• Outperforming segments

GPU suppliers, memory manufacturers and AI storage hardware firms have staged powerful rallies. Some stocks have multiplied in value, lifting Korean equity benchmarks while bringing heightened volatility.

• Under-pressure segments

Leading big tech names including Apple, Microsoft, Meta, together with SaaS operators such as Oracle, have faced headwinds. Despite solid headline earnings, investors worry about continuous heavy capital expenditure on AI infrastructure compressing free cash flow. Selena noted she will publish a dedicated report via Han Insights exploring these dynamics in greater detail.

3. Why AI Growth Stocks Exhibit Persistently High Volatility

AI-related tech stocks carry strong high-beta characteristics, making them extremely sensitive to shifts in interest rate expectations, which directly impact valuations of future growth cash flows.

Two forces amplify price swings:

1. Institutional portfolio rebalancing: After securing substantial gains from AI holdings, funds trim concentrated positions to reduce portfolio risk, triggering sell-offs.

2. Mean-reversion buying: When fundamentals remain robust and shares become oversold, institutions step back into positions.

Always remember: Equity markets price forward-looking expectations, not historical financial results. News and outlook revisions move prices more than backward-looking earnings data.

4. When to Use $S&P 500(.SPX)$ 0DTE vs Single-Stock Options

• Systemic macro events (FOMC, nationwide inflation releases): SPX 0DTE index options work well for broad market exposure.

• Company-specific catalysts (Nvidia, AMD earnings reports): Single-stock options are more targeted.

• Tech sector-wide sentiment shifts: Traders may select Nasdaq-linked instruments to capture industry spillover effects instead of the broader SPX.

5. Looking Ahead: AI Volatility in H2 2026

Volatility will remain elevated within the AI complex, but performance will differ sharply across subsectors: cloud SaaS, memory chips, GPU manufacturers and AI software will each follow separate trajectories.

On a related infrastructure note: Limited overnight options trading on Tiger is driven by exchange regulations rather than brokerage restrictions. CBOE is rolling out extended-hours trading access for index and single-stock options to serve investors across different time zones.

6. Core Closing Takeaways from the Full Livestream

1. SPX 0DTE options serve as a low-cost tool designed specifically for event-driven trading strategies.

2. Key macro events covering interest rate decisions, CPI and labour data continuously reshape market expectations and asset valuations. Their influence will remain relevant long term.

3. The second half of 2026 will continue to feature event-led repricing centred around inflation trends, labour data and shifting Fed rate expectations.

7. Risk Reminder

High-volatility AI stocks and short-dated options carry substantial trading risks. Market participants without sufficient foundational knowledge are advised to complete education modules before initiating live positions.

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8. Post-Event Resources

Viewers can access further research via Han Insights official website: highinsights.com. Selena will continue releasing follow-up research papers covering options markets, macro trends and AI sector dynamics. The full livestream replay is available on the Tiger Trader App. Community participants may share demo trading plans and market observations tagging TB Live to join bonus activity rewards.