Opening Setup™ · A daily options report

Stop guessing at the open. Start trading with conviction.

Start every trading day with an edge. SpotGamma’s Opening Setup™ distills market sentiment, unusual trades and four actionable setups into a five-minute read delivered to your inbox.

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YOUR MORNING EDGE

Your daily options brief, every morning

Opening Setup answers three key questions before trading begins.

Get the Market Sentiment

A single 0–100 sentiment score from bullish to bearish, built from three proprietary signals.

See the Hidden Setups

Screened trade profiles surfacing the most noteworthy names and positions.

Identify the Trades that Matter

High conviction and unusual trades from yesterday that uncover institutional interest.

Four ideas, every morning

Not just a read on the market — four trade ideas a day


BULLISH

Leaning higher

A name screens as supported, where call demand may be elevated.

BEARISH

Under Pressure

A name screens as relatively weak, with heightened put demand.

SHORT VOLATILITY

Vol screens expensive

Options appear expensive versus their own history — where selling premium may be preferred.

Long volatility

Vol screens inexpensive

Options screening inexpensive versus their own history — with opportunities to buy options.

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how it works

Yesterday's entire options session, distilled by morning

Overnight, SpotGamma’s proprietary positional analysis runs against options trades for thousands of US stocks, ETFs, and indices — helping you start the day already ahead.

1

We scan the whole session

Every U.S. options trade from the prior day, across thousands of tickers — filtering out the noise to surface the most important data.

2

We surface insights

We layer on volatility statistics and historical positioning data — generating actionable takeaways to support your trading.

3

You just need five minutes

As a focused briefing, this report takes minimal time to share the market's lean, see the hidden setups, and reveal the trades that matter — the whole picture, before you place a trade.

Sample report shown for illustration. Tickers, scores, and figures are examples — not current recommendations.

Why traders rely on it

Stop reacting to price. See the positioning driving it.

Instead of watching a move and wondering how you could have seen it, start your day with an actionable framework in five minutes.

Discover market sentiment — bullish or bearish

See whether the options market is positioned for a rally or a drop, before you place a trade.

Spot what the market may be mispricing

See which names screen statistically expensive or inexpensive versus their own history — before the crowd catches on.

Unveil the highest conviction trades

We filter hundreds of thousands of trades down to the most noteworthy positions — eliminating distracting data points.

The market already moved overnight. Don't guess where it's headed.

Get market sentiment, the biggest trades and smart trade setups in just five minutes — free for one week.

What you get

Every element is built to help you trade

Opening Setup is not a data dump — each part of the report answers a specific question you have before the open. Each data point explains why it matters to support your trading.

The market's sentiment, scored 0–100

The SG Flow Signal compresses three proprietary signals into one number — bearish to bullish. On days the flow stays bullish while price drops, it flags a DIP WATCH.

Why it matters: This is your regime check before you place a trade — lean into setups when it's high, size down or hedge when it's low.

Four screened setup profiles

Bullish, bearish, short-vol and long-vol cards surface the names where options pricing is most stretched, each matched to the kind of structure that fits.

Why it matters: This is your shortlist of statistical extremes, so you're not screening thousands of tickers yourself.

The biggest conviction trades

The biggest directional bets of the day — surfaced from SpotGamma’s proprietary analysis on open-interest changes, tagged by what makes each trade notable: earnings, divergence, high skew, momentum.

Why it matters: See what conviction money is actually doing, and get a sentiment read on the names you already hold.

The “am I overpaying?” volatility scanner

The ten most active names with a plain-English read on whether implied volatility is high or low versus their own history.

Why it matters: The same trade is a very different bet if the vol is expensive — this tells you which side of premium to be on.

What's priced into earnings

For names reporting soon, see the implied move, the last three actual post-earnings reactions, and how the expected move compares with history — plus an AI-driven trade thesis for each.

Why it matters: The entire earnings-trading game in one line.

Sample report shown for illustration. Tickers, scores, and figures are examples — not current recommendations.

The data behind it

Built on proprietary data, not just volume

Most options data is built on guesswork. Opening Setup is built on a proprietary model using years of options positioning, revealing detailed insight into the trades taking place each day. Instead of watching price and wondering what could happen, you see the positioning driving it with data.

BUILT BY TRADERS, FOR TRADERS

From the desk of a former market maker

Brent Kochuba

Founder, SpotGamma

Brent spent years on institutional trading desks — at investment banks, market makers, and hedge funds — learning how options actually drive stocks. In 2020 he founded SpotGamma to put that same edge in every trader's hands, and his analysis is now regularly featured in The Wall Street Journal, Bloomberg, CNBC, and Reuters.