Using Options Gamma To Identify Tops & Bottoms

In this video I discuss how I use negative gamma, positive gamma or a lack of gamma to determine what the daily range will be how and how price will likely move within that range.

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[Nir]

Hard to find content like this, great stuff!

[dancer]

Sorry to see you're no longer active on "X" or YouTube. Just found your information. Your explanation is much more understandable than others.

[bayridge]

Thank you for your time to explain Options Gamma! It's very helpful.

[byronmarkrichardson]

Thank you so much for these videos! As a hack technical trader heretofore, I knew about Levels and patterns….but these videos tell me WHY a move happens. I never knew about Gamma and Vanna until I found your channel. Please refer me to the intro to Vanna and GEX and please keep the content up! Hopefully a Market Maker doesn’t pay you to take them down. Thanks so much.

[elkabong]

Great content! Can actually learn from this.

[minvestvkq]

Thanks for your video!! I've watched a few to understand the Greeks and how to utilize them and so far your videos are the best. I can really visualize it. Question: did you build this dashboard on your own? Looks awesome.

[jacobnotte]

Fastest click in the west. Thanks again for another great video!

[fancycavegaming]

Is Gama in this context a comparison of the open interest total and put vs call of different strikes compared to other strikes and how that impacts market makers (and therefore resistance); rather than the typical options gama measuring the move for each dollar of the underlying?

[orkayen]

Great content on GEX. Thanks for the insight. I learned Something new today on "No GEX" and marking GEX on charts. I am using a python prog to chart GEX for daily or weekly. I will review it for No GEX levels to see top and bottom on SPY. Also, If I see +ve and -ve GEX on a single day, is the top identified by the longest bar in +ve GEX and bottom identified by longest bar in -ve GEX? If so, what does No GEX level indicate? For SPY (close 523) 4/1, +ve GEX is 523 to 530 and -ve GEX is 522 to 512. 519 and 525 have longest bars. The no GEX is between 531-534. So, what is the range based on GEX? Is this what you are seeing for 4/1? Is there a way I can share this for a few days to get confirmation on these levels?

[mounirahmed]

thank you fot this valuable contentt, i have a question please, is there options applicable to GOLD FUTURES? thanks

[RichardBaker]

The excellent video explains how Vanna impacts "dealer" buying behavior. From what I understood, you are getting the night before, and you update your charts with the lines accordingly, noting areas of high Vanna impact and no Vanna impact. The No GEX lines are somewhat like "Volume Imbalances" in ICT methodology or on the Volume Profile there are nodes where not many transactions occurred and thus price moves through that area relatively quickly? Conversely, with high gamma activity would that mean a faster movement of price action?

[wawa]

On regular stocks (other than the SPY/SPX and VIX) what reference/source would you recommend to determine if the volatility is increasing and decreasing as you are moving through the strikes.

[shmukul]

Don’t see any recent tweets. Would like to get daily playbook if post them. Or wondering if u have a discord.

[ClipsTube]

can you make a video about how you draw the lines on your chart in this video and what service you use to do it?

[ryan.]

Are you using volland more than tradytics these days?

I’m trading SPY options daily and take profit too early mostly. I’m thinking I could use these areas of positive gamma as exit targets