S&P 500 Stock Market Gamma Trading Levels Based on Options Open Interest
FOR OPTIONS & FUTURES TRADERS
See support, resistance, & volatility form in real time on the S&P
TRACE gives you the clearest, most powerful view of what’s driving the S&P 500 — so you can improve your entries rather than chasing moves.
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Start Seeing What Others Miss Entirely
“SpotGamma has changed my trading. I have been trading options since I had to phone orders in to my broker. I have learned more in the last year from Brent than in the previous 30 years of books and courses. I could not trade without TRACE anymore”
— rick c., SpotGamma Subscriber
"Personal thank you from me to you and your team. This update is just incredible. I am not misusing words when I say this is a game changer on my end. As a scalper, this is HUGE!"
— luke p., SpotGamma Subscriber
Everyone else sees price.
TRACE shows you what’s controlling it.
While price shows you what happened, TRACE reveals S&P 500 support and resistance levels so you can see where moves are likely to stall, break, or reverse — before price gets there.
The Failed Breakout
Price pushes higher and it looks like the move will continue — but without TRACE, you won't know if options flows are supporting the move or preparing for a reversal.
The Move You Missed
By the time price confirms direction, momentum is already underway. TRACE reveals positioning as it builds — helping you stay aligned with the flows in real-time so you avoid chasing moves late.
The Sudden Reversal
Price appears stable — until volatility expands and the markets change direction. TRACE highlights changes in gamma and positioning so you can better prepare for which moves are likely to extend or reverse.
How TRACE Improves Trading Decisions
Track dealer hedging pressure as it develops to identify S&P 500 support, resistance, and volatility zones before price moves.
Leverage multi-day heatmaps to identify persistent hedging pressure and anticipate where it may intensify or fade, giving you a five-day edge in trade planning.
Focus on support, resistance, and volatility zones driven by actual options positioning — not generic indicators.
See how market makers, firms, broker-dealers, professionals, and retail traders are positioned to gain deeper clarity into how and why price may react.
With TRACE, you can execute trades with confidence using institutional-grade data, basing decisions on the best options data available for the clearest read on S&P market pressure.
See TRACE In Action
On March 19, momentum was building for a sharp bullish move at the open — and most traders never saw it.
That's because they didn't have TRACE.
On this March morning, one savvy SpotGamma trader identified a high conviction setup using TRACE and generated a strong return.
At the start of the day, TRACE revealed:
With these insights in hand, the SpotGamma trader bought 670 SPY calls at 9:33 AM ET and then sold those same calls at 9:53 AM ET for a 30% return.
And this isn't a one-off... we see this day after day with TRACE.
TRACE reveals what most traders never see: the hidden forces driving today's market.
Is TRACE Right For Me?
Index Traders
Use key support, resistance, and volatility zones to frame entries and manage risk with confidence.
Options Traders
Get precise insights into dealer hedging behavior to see S&P 500 support, resistance, and pinning levels.
Futures Traders
Capitalize on real-time market movements and adapt quickly to volatility.
Whether you’re a retail day trader or a Wall Street veteran, TRACE is built to help you navigate today’s options-driven S&P. From options to equities and index products, see how market pressure is really shifting beneath price.
SpotGamma Alpha:
Institutional Precision For Today's Trader
$299/mo
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Unlock TRACE with Alpha
TRACE is available exclusively within SpotGamma’s Alpha offering — paired with our full suite of proprietary tools, daily market breakdowns, trader education, and live support.
Built for traders focused on SPX, SPY, and /ES, TRACE reveals the real-time structure behind support, resistance, and volatility — so you can stay aligned with the forces driving price and position before the move becomes obvious.
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