For our Traderade members we will be regularly sharing CBOE-derived gamma levels in SPX on a regular basis as it may be helpful to your risk management strategies.
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For our Traderade members we will be regularly sharing CBOE-derived gamma levels in SPX on a regular basis as it may be helpful to your risk management strategies.
I love this Mayhem, thanks for taking the time to put it together. For those unaware, to get access to this data would cost you about $44/month minimum. Mayhem coding & pulling this is incredibly valuable for the Traderade community. Thank you sir!
Thanks Horse - love that you're including this fundamentally important consideration in your work!
Couple of clarification questions:
1) What the source for the images you shared? I'm reliant on IB's volatility lab, Tier1 Alpha, and SpotGamma currently, but hoping to find a single source.
2) While in negative Gamma land, my understanding is that market makers need to buy on the way up and sell on the way down to hedge their options exposure, yet you mention "rips sold and dips bought". I'm assuming you're referring to market participants other than market makers, but who are "they"?
This is awesome. The amount of valuable content offered on the site is commendable. Thank you.