Welcome to our SpotGamma review. For those new to trading, navigating the options market can be daunting. SpotGamma is dedicated to empowering traders by providing precise data and clear signals.Â
Regardless of your trading experience, SpotGamma is here to equip you with the tools to make confident and informed trading decisions.
But, is it truly worth forking out your hard-earned cash? Today’s blog explores SpotGamma, what it can do, how much it costs, and more.
We aim to give you a comprehensive understanding of SpotGamma’s offerings and help you determine whether it could enhance your trading experience.
SpotGamma is designed to enhance traders’ understanding of the options market. It provides insights into the market’s driving forces, enabling smarter trades. SpotGamma Levels, which indicate key areas of support or resistance on major US indices, are released daily before the market opens. These levels are based on SpotGamma’s proprietary options market analysis, a unique feature that sets SpotGamma apart.
SpotGamma analyzes all these options contracts to provide insights into what might happen in the stock market. It looks at various data points, such as where options are bought and sold, to determine important market levels.
For example, it can tell you where a lot of options activity is happening, which might indicate a key level for a stock price. Understanding the forces behind market movements helps traders make more informed decisions.
What’s more? SpotGamma helps traders by offering a clearer view of the options market. It aims to demystify the complexities of options trading and provides tools that are easy to understand, even if you’re new to the game.
What is Gamma? In simple terms, Gamma is the acceleration of profits for buyers and losses for sellers. It’s like a turbo boost for your profits if the price moves in your favor, but it can also amplify your losses if the price moves against you.
Gamma measures how much the delta changes as the underlying price changes. We’ll discuss more in this SpotGamma review.
SpotGamma Review of Features
SpotGamma brings knowledge to your screen, guiding novice and seasoned traders alike. For those considering signing up, here is a SpotGamma review of their offer.
Daily Options Flow and Insightful Levels
It provides unique daily levels for major US indices and more than 3,500 individual US stocks. This combo helps you understand market dynamics and pinpoint the best trading opportunities.
Real-Time Data and Interactive Charts
You have up-to-the-minute information, which is crucial when markets are shifting quickly.
Options Courses
Explore a wide range of options education courses fit for beginner and experienced traders.
Directional Guidance and HIRO Indicator
Gain a clearer view of potential market movements with SpotGamma’s directional guidance, supported by the HIRO (Historical Inverse Replication Options) indicator. This duo provides insights into how option trades likely impact the market, helping you make informed decisions.
Volatility Dashboard and S&P 500 Heatmap
SpotGamma’s Volatility Dashboard gives you a snapshot of market sentiment and possible mispriced options. Complemented by the S&P 500 Real-Time Heatmap, you can quickly identify support, resistance, and volatility zones to refine your trading strategies.
The Ability To Spot Market-Moving Trades
Instantly recognize impactful options trades across thousands of tickers. This feature ensures that you spot the trades that might significantly influence the market, which can be a valuable advantage.
Daily Founder’s Insights and Commentary
The founder provides daily actionable insights and market commentary, guiding you on key levels and trading strategies. It’s like having a mentor, helping you navigate the trading world.
Seamless Integration and Flexible Subscriptions
SpotGamma integrates smoothly with popular trading platforms like TradingView and ThinkorSwim. Plus, with flexible subscription plans like Standard, Pro, and Alpha, you can choose the level of access that best fits your needs.
5-Minute Takeaway
- SpotGamma helps traders understand the options market through their real-time options flow data, unique daily levels, and expert analysis.
- They offer features like real-time data, educational courses, and directional guidance to support informed trading decisions.
- Â They use open interest across strikes and expirations to determine market maker activity at certain prices. Based on market maker exposure to the different options greeks, they are assumed to act a certain way, providing support/ resistance or even accelerating price action.
- Subscription plans range from $67 to $187 per month, providing varying levels of analysis and advanced tools.
SpotGamma Review of the Pros
SpotGamma offers several advantages for options traders, making it a valuable tool for many:
- Educational Value:Â Offers valuable educational materials and insightful notes for traders, especially beginners.
- Unique Market Levels:Â Provides specific key levels like “Put wall” and “Hedge wall” that help gauge market movements.
- Real-time Signs and Indicators:Â Visual indicators assist traders in avoiding market pitfalls by signalling caution.
- Supportive Community:Â The supportive Discord community of knowledgeable traders adds value.
- Volatility Analysis Tools:Â Advanced tools for in-depth volatility analysis are available at higher subscription tiers.
What Are the Cons of SpotGamma?
While SpotGamma offers several benefits, there are some notable drawbacks:
- Pricey Subscriptions:Â High costs, especially for the HIRO metric, are hard for some users to justify.
- Hindsight Bias: Analyses are sometimes viewed as cherry-picked with hindsight bias and less actionable in real time.
- Questionable Real-time Utility: The HIRO flows change quickly, challenging real-time use.
- Issues With Refunds: Users claim they’ve had refund issues online even though they cancelled within the refund window.
How Much Does SpotGamma Cost?
SpotGamma offers three distinct subscription plans, each designed to fit different trading needs:
- Standard Plan: At $67 per month, this plan gives you access to essential tools and the basic dashboard. If you choose the annual option, it’s $801 per year.
- Pro Plan:Â Priced at $97 per month, this plan enhances your experience with a more in-depth analysis of a broader range of stocks and indices. The annual billing option brings the total to $1,161.
- Alpha Plan: For $187 monthly, this premium plan unlocks advanced features such as the real-time indicator (HIRO) and the volatility dashboard. It’s $2,241 when billed annually, offering even more comprehensive market insights.
Can I Use the SpotGamma HIRO to Help Me ?
Let’s look at a SpotGamma review of how the HIRO can help you trade. HIRO is an indicator that estimates the impact of hedging as the trading day goes on. It’s interesting because it shows how large amounts of options hedging affect stocks and markets.
It also points out important trades that might need to be hedged, which lets you know when to change your options.
Here’s a simple three-step plan to help you find your next buying chance.
These steps will help you learn a lot about stocks and markets. As you look around, you’ll see how HIRO’s real-time views of the choices flow can help you improve your plan and give you a professional edge.
Step 1: Review the Major Indices
Start by checking indices affected by options pressure. The HIRO dashboard typically shows ETFs for major US indices like SPY. To achieve a balanced view, filter the dashboard to “Total,” select “All Trades,” and choose a “30-minute” rolling window to reduce noise.
Step 2: Narrow In on Puts Versus Calls
Now, find out if traders are leaning toward calls, hinting at breakouts, or buying puts to guard against dips. Just switch your filter from “Total” to “Puts/Calls” for a quick look.
Step 3: Go Deeper on Same Day Options
Same-day options or 0DTE (zero days to expiration) can majorly sway prices. To zero in on them, switch back to “Total,” turn off “All Trades,” and choose “Next Expiry” to focus on today’s trades.
A Word of Caution
In their founder’s note, they often showcase examples of HIRO patterns (such as “bullish reversal”), but they appear to be cherry-picked with hindsight of the whole day. They’ve never shown themselves predicting the stock movement in real-time based on a HIRO pattern using that indicator.
Their software isn’t the best. There is no UI or design coherence, and they don’t advocate real positions or take a stance. There are some very good traders in their Discord, but it is the usual mix of ignorant and quiet professionals.
Gamma levels usually correspond to levels you can spy on a chart using ICT principles or simply by examining an options chain. You can evaluate short-term versus long-term options pretty easily using OptionStrat.
They do have some tools related to volatility analysis, but they are only available at the highest pay tier. According to online reviews, their customer support is questionable.
Final Thoughts: SpotGamma Review
We hope you enjoyed this SpotGamma review. SpotGamma can be a valuable tool for learning how the flow of options affects the market. Their data is useful (resistance/support framework), but expensive for what it is (i.e., static pre-open levels).
Option flow is data that can be used as a tool, like any other trading tool. It’s not important “which” tool you decide to use, but that you understand it well enough to formulate an actionable strategy around that data.
Many new and intermediate traders reach a point where they go hunting for that magic indicator/tool/data that will make them rich, and it’s just not something you will ever find.
Also, if you look hard enough, there’s more than enough free material on YouTube and the Internet. Bullish Bears’ website has many free options and materials to get you started. There’s no need to fork out money if you’re getting started.
Frequently Asked Questions
What Is SpotGamma Equity Hub?
The proprietary SpotGamma Equity Hub provides buy and sell indicators for over 3500 stocks and indices. Subscribers get real-time alerts when a stock or index reaches a key level.
What Is the Charm Pressure in SpotGamma?
Charm is also known as delta (time) decay in the options world. Charm Pressure shows how market maker hedging changes with time and how large 0DTE volumes heavily influence it.
How Can SpotGamma Improve My Trading?
SpotGamma offers valuable market insights, highlighting options flows and trends. It helps refine your strategies with data-driven information, boosting trading confidence.
Curious About SpotGamma but Not Ready to Commit?
No problem! SpotGamma offers a trial period to explore their features and see how they align with your trading style. It’s the perfect opportunity to test the waters and see if SpotGamma fits you.
