Track your watchlist, spot shifts in volatility, and navigate changing market dynamics with confidence. Learn how to leverage Compass to see where market momentum is building — before others catch on.
What you’ll learn:
Introduction to SpotGamma’s Compass and Proprietary Scanners (00:00:09 – 00:04:07)
Overview of the Sharpen Your Skills session focusing on the Compass tool’s Guided and Explorer views, and the VRP and Squeeze scanners. Emphasis on actionable insights without needing deep technical knowledge.
Understanding Guided View Metrics: IV Rank and Risk Reversal (00:04:07 – 00:07:43)
The Guided view plots IV rank against risk reversal rank to identify volatility extremes and directional bias, helping traders decide when to buy or sell volatility, with clear quadrant interpretations for trade setups.
Explorer View as a Flexible Research Playground (00:07:43 – 00:10:46)
Explorer view allows customizable multi-axis analysis such as IV percentile vs. realized volatility for volatility risk premium (VRP) scanning across watch lists, encouraging exploration and pattern recognition for trade ideas.
Trade Examples Using Compass: Micron (MU) and JPMorgan (JPM) (00:10:46 – 00:18:59)
Practical demonstrations of using Compass data to set up a naked put trade on MU capturing 31% premium in one day, and a longer-term balanced butterfly debit trade on JPM exploiting elevated IV and directional skew for a 40% gain.
Watch List Management and Sector Scanning Strategies (00:19:28 – 00:25:39)
Best practices for watch list creation, focusing on manageable sizes (~10–15 tickers), sector-specific groups, and using Compass with scans like call/put wall proximity to pinpoint asymmetric risk exposures and trade candidates.
VRP and Squeeze Scanners Overview with Future Enhancements (00:26:06 – 00:29:36)
Explanation of VRP scanner highlighting expensive volatility and Squeeze scanner combining short interest, gamma exposure, and options volume. Scanners update daily and development is underway for real-time alerts based on user feedback.