S&P 500 Stock Market Gamma Trading Levels Based on Options Open Interest
FOR OPTIONS, EQUITIES & FUTURES TRADERS
Trade Every Session With Real Market Context
Delivered pre-market and post-market every trading day, Founder’s Notes uncover what’s really driving price — volatility pressure, positioning, and key levels — giving you the clarity and confidence to approach every session with a plan and stay ahead of the fray.
as seen in
A Daily Edge Traders Rely On
“Beyond a shadow of a doubt your AM and PM Founder’s Note has the greatest value to me in determining how I trade the day.”
— Philip W., SpotGamma Subscriber
Your Daily Dose of What's Really Moving The Markets
Delivered pre-market and post-market every trading day, SpotGamma Founder Brent Kochuba’s Founder’s Notes give you clear, usable context around what’s actually driving price — before the session begins and after it unfolds.
Each note helps you:
See What’s Driving the Market Each Day
Before the Open
Start the day with clarity. Founder’s Notes highlight where pressure is building, which levels matter, and what risks you should respect before placing trades.
During Your Trading Sessions
Use the context outlined in the AM Founder’s Notes to frame intraday price action — identifying when moves are supported by positioning and volatility versus when conditions suggest caution.
After the Close
Review what mattered, what changed, and what deserves attention next — so each session improves decision-making.
Built for How You Actually Trade
What You get
why it matters
2× Daily Founder’s Notes
Clear context before the open and a structured breakdown after the close
Structured Market Analysis
See how positioning and volatility are shaping market risks and opportunities
Volatility & Positioning Context
View hidden zones where pressure is building or contracting
Cross-Asset Coverage
Apply SpotGamma insights toward options, equities or futures trades
Real Examples From the Founder’s Notes
KEY EVENTS
In October 2025, Founder’s Notes highlighted rising pressure and increasingly fragile conditions beneath price. In the sessions that followed, SPX rolled over — giving SpotGamma traders early context to manage exposure or stay patient.
Leading into Thanksgiving week, Founder’s Notes called out elevated pinning behavior tied to options positioning. As the week unfolded, price stalled near key levels — reinforcing the risk of chasing moves during low follow-through conditions.
Ahead of December expiration, Founder’s Notes noted improving conditions and reduced downside pressure. Markets stabilized and pushed higher into year-end, aligning with the context outlined in the notes.
Why SpotGamma’s Founder’s Notes Are Different
Proprietary Insight, Straight From the Source
Start your day with SpotGamma’s AM Founder’s Note — your guide to see where market positioning can create volatility and opportunities.
Founder’s Notes level the playing field, empowering you with the same context professionals use before winning decisions are made.
Related Resources
- Founder's Note Trading Checklist
- Founder's Note Trading Example: Advanced - Expert Commentary, Levels, & Events Align
- Founder's Note Trading Example: Basic - Call Wall as Resistance
- Founder's Note Trading Example: Intermediate - Volatility Trigger as a Flip Levels
- Do you interpret the AM and PM statistics the same? Do you put more emphasis on one more than the other?
- Overview, Your Daily Edge | Founder's Notes Walkthru #1
- AM/PM Notes, Morning Setups, Evening Recaps | Founder's Notes Walkthru #2
- Macro Theme - Spot Big Moves Early | Founder's Notes Walkthru #3
- Winning Trade Example | Founder's Notes Walkthru #4
- Intent, Application, & Style | Founder's Notes Walkthru #5
- Real Calls, Real Wins | Founder's Notes Walkthru #6
- The Founder's Note Tables | Founder's Notes Walkthru #7
- Track Record | Founder's Notes Walkthru #8
- Reports | Founder's Notes Walkthru #9
Watch the Full Playlist on YouTube
SpotGamma Essential:
Everything You Need To Elevate Your Trades
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Trade With Full Market Context on Your Side
Founder’s Notes anchor the SpotGamma experience — delivering clear, pre- and post-market context that helps you understand what’s driving price. When you subscribe, that context is reinforced by SpotGamma’s proprietary tools, daily insights, education, and live trader support — all designed to help you approach every session informed and prepared.
Founder's Notes are available with all SpotGamma subscriptions.
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