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Spotgamma-anyone using this?


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Spotgamma-anyone using this?

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  #1 (permalink)
 Keab 
London UK
 
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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

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 snax 
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Keab View Post
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

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:









These all come from the Spoo-nalysis thread which is full of great stuff.

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 Keab 
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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.

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 aBuzz54 
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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.

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 TraderGB 
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Keab View Post
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

Hi Keab,

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.

Cheers,
TraderGB

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 TraderGB 
Dallas, TX
 
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And here's one more youtube video by Brent Kochuba that was just released Mar 25, 2021.

Gamma 101 + SpotGamma Q&A

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.


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 kingoliver 
Los Angeles, CA
 
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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.

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