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Morning all.
Just wondering if anyone is using this service https://spotgamma.com/ and if so whether you have any comments/opinions on it. Seems a very interesting concept.
Thanks in advance,
Keab
Can you help answer these questions from other members on NexusFi?
I do not use it personally at this time, but I find the type of information they provide to be interesting, I just haven't put in any work to go deeper down that rabiit-hole or to make it actionable against what I study yet.
There are a few proponents of spotgamma, notably tigertrader and others, here are a few links for reference:
For an options primer, there's my buddy at spotgamma; and read anything by Charlie McElligott and Marko Kolanovic. One of my previous posts listed the other analysts that I read and respect. Then organize and filter your ideas and determine what is …
The edge lies in the quality of your information. When it comes down to analyzing the market, it is solved by most in a brutal fashion rather than a subtle one. Suppose you drive an old car from sea level to say 12,000 feet and it struggles. You could …
Did you read Spotgammas reply comment on this data?
"Theoretically when investors buy calls, that makes dealers/market makers (MM) short calls. MMs then must hedge buy buying futures. When those same investors sell puts, that makes …
Wow thanks very much, I'll plow through all that!
I got interested as I saw this article on zerohedge yesterday https://www.zerohedge.com/markets/brace-gamma-unclenching-put-sellers-call-buyers-spark-extreme-greeks and it mentioned the 3850 level on SPX today. Price reached it and turned around on the spot and it was not an area that had any inkling of why it should have happened there so it really piqued my curiosity.
I'm looking for a spot gamma type formula or service. A friend is using spotgamma.com and the levels tend to pre-sage institutional levels for support and resistance. Keep me informed of your search and research.
I'm not using it right now, but I'm very interested in this.
I've been following the first two lines of the report each morning/evening...
Go to: https://spotgamma.com/account
Click on the links under Recent Market Commentary to see the first two lines of a report.
You'll see something like this...
SpotGamma Report for: 03/27/2021 AM
Daily Note: The S&P had several fairly large swings inside of large options levels before a wild close which covered 25 handles in 15 minutes. SPX options volume was quite high at 1.5 million contracts, and the VIX closed down 5% on the day. Amazingly the VIX hit its intraday high of 21.50 at 2:50PM […]
Here is a recent (2/25/21) YouTube video of Brent Kochuba explaining Spot Gamma:
I'll probably sign up for the 1-week free trial later...just not ready yet. If this pans out like I think it will, it will be well worth the $44 per month.
Description: Join SpotGamma live with an options gamma 101 class and discussion of how you can use key SpotGamma levels to improve your trading and market forecasts.
In this session we covered delta hedges, gamma hedges and options vanna. Here at SpotGamma we use the options market to forecast the stock market. Knowing the drivers behind market movement is key to establishing, managing or exiting positions. We provide actionable daily options flow data to traders and investors.
If you guys already understand the concept (gamma, pin risk, delta hedging), you can use a combination of squeezemetrics and swaggystocks. Brent is fantastic, and does have additional tools beyond what I posted, but I guess that is how you use and discern this information.
As someone that has analyzed options for 13 years, it is definitely another tool in the box. Good stuff all around.
I followed the recommendation of Tigertrader some time ago, and use the services of Spotgamma additionally to other services. I consider them to supply valuable information.
Unfortunately, I do not succeed getting in contact with them via email to their standard email address. I receive their emails from the same address (e.g. bills), but I do not receive answers to my questions regarding my subscription. Is anybody in email contact with them ?
One of the strongest forces in futures markets is that of options hedging. Large options transactions can often require large hedges which can lead to rapid fluctuations in markets. Join Brent Kochuba of Spotgamma and Bruce Pringle of Bookmap as they delve into the HIRO Indicator, revealing the impact of options hedging on futures in real-time.
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Sponsored by: Bookmap
Bookmap is an innovative trading platform that displays the entire market liquidity and order flow. It provides full transparency of the actions and intentions of market participants through a clear visualization of the past and present state of the order book.
With Bookmap traders follow the Order Flow & the evolution of the market liquidity with no delays or aggregated information, access precise volume data and identify which side is in control, identify market trends & hidden price patterns with high precision, and validate trading decisions with an additional suite of proprietary order flow indicators.
Webinar Recording:
About Brent Kochuba:
Brent has been in equities and derivatives for almost 20 years. He worked for BofA and Credit Suisse as an equities broker and in algorithmic sales and trading. Following that he was in Institutional Sales for Wolverine representing their electronic derivatives trading platform. In 2019, Brent founded Spotgamma.com which publishes research and analysis on the options market.
Brent Kochuba is the Founder of SpotGamma, and has been in equities and derivatives for almost 20 years
Bookmap trading platform accurately shows the entire market liquidity and trading activities.