Real-Time Options
GEX & Dealer Hedging Flows
Institutional-Grade Option Gamma Exposure (GEX) & Dealer Hedging Analytics. Track major strike support, resistance, and zero-gamma flip points in real-time.
Real-Time Options GEX Ticker
Dealer hedging creates structural walls. When spot approaches these levels, market makers must adjust hedges, causing reversals (walls) or spikes (flips). Inspect our current live snapshot below.
Understand Market Regimes
Option dealer gamma positioning directly dictates market conditions. Adjust the interactive toggle below to see how dealer flows behave when price is above or below the zero flip level.
Dealer Hedging Dampens Market Volatility
In a positive gamma regime (spot price is above the Gamma Flip Level), market makers hedge by buying dips and selling rallies. This creates a cushion effect, restricting market ranges and causing price action to revert to the mean.
- Mean Reversion: Support & resistance levels hold tightly.
- Low Volatility: VIX typically contracts or remains flat.
- High Probability: Options premium sellers thrive on range compression.
Engineered for Market Clarity
Unlock specialized option metrics designed to track dealer hedging behavior, volatility cycles, and risk profiles.
Dealer Gamma (GEX)
Map positive and negative gamma concentrations across strikes. Know exactly where key support and resistance lies.
HIRO Intraday Flows
Analyze trade-by-trade buying and selling pressure. Spot market maker transaction hedges as they hit the order book.
Vanna & Charm Models
Track decay factors relative to time (Charm) and volatility (Vanna). Project option pin zones ahead of major opex events.
Risk Simulator
Simulate your target trading strategies with advanced Monte Carlo generators to construct stable size targets.
Choose Your Trading Edge
Unlock professional-grade market structure indexes. Cancel or change plans at any time.
Basic Retail
Perfect for retail swing traders checking daily levels before market open.
- Daily SPX Call/Put Walls
- End of Day GEX Updates
- Discord Community Access
- Real-time HIRO flow stream
Pro Trader
For serious intraday scalpers and volatility traders requiring real-time updates.
- Real-Time Live Levels Feed
- Full Intraday HIRO Flow
- Heatmaps and Skew Matrix
- Drawdown Simulator Tool
Quantitative API
For algorithmic setups and developers building custom option strategy databases.
- Real-time Websocket feed
- Full historical CSV downloads
- Custom API Strike access
- Unlimited multi-asset assets
Options Market Structure FAQ
Got questions about Option Greeks, GEX levels, or Dealer flows? Inspect our detailed answers below.
Gamma Exposure (GEX) measures the estimated dollar value of options dealer hedging positioning. It indicates how market makers must buy or sell underlying stocks/futures to remain delta-neutral as the market moves. High GEX dampens market volatility, while negative GEX accelerates it.
A Call Wall is the strike price with the largest concentration of net call option open interest. Since options dealers are generally short these calls, they must buy spot stock to hedge their position as price approaches the strike. If options traders take profits or buy less calls, dealers aggressively sell their hedge, creating a natural ceiling or resistance level.
The Gamma Flip level is the stock or index price where market dealer positioning transitions from positive (long gamma) to negative (short gamma). Below this level, dealers hedge in the direction of the trend (selling as market drops, buying as it rises), leading to increased market volatility and wider trading ranges.
Dealers balance delta risk in their options books by trading the underlying asset. Under positive gamma, their hedging trades are counter-trend (buying dips, selling rips), compressing volatility. Under negative gamma, their hedging trades are pro-trend (selling drops, buying rallies), expanding volatility and fueling intraday cascades or squeezes.