Back in May the AI names were priced so richly that selling calls against them was, in Brent Kochuba's words, a widow maker. The dispersion index hit a record high, single stock volatility ran far above the index, and the realised moves kept earning that expensive premium. That has completely unwound. He brings a chart of semiconductor basket volatility to show how far it has come down, and argues the options complex is simply healthier now. Which sets up the trade he thinks works if the tape keeps rising: stock up and volatility up together. 📊 tastylive: tastylive.com 📰 Get Tom's pre-market analysis every morning: tastylive.com/newsletters 📘 FREE Options Strategy Guide: tinyurl.com/bp9ms763 📱 Follow tastylive on X: x.com/tastyliveshow Chapters 0:00 Gamma guy on the street 0:38 Why software is exploding 2:00 The cheapest calendar he has seen 2:41 Where the call skew sits 3:34 Two years of the same trade 4:57 Why he will not sell earnings ...