S&P 500 Stock Market Gamma Trading Levels Based on Options Open Interest
Options Trading Tools & Analytics

SpotGamma builds the options trading tools serious traders rely on — intuitive interfaces, institutional-grade data, and real-time options analytics that give you clarity when markets get complex.
From options flow and gamma exposure to volatility models and market intelligence, every SpotGamma product is built on the same foundation: rigorous data, transparent methodology, and a relentless focus on helping you trade smarter. Explore our full suite below.
AS SEEN IN:






Active Traders
Across all tools
Trading Tools
In the SpotGamma suite
Years of Options Research
And Backtesting
SpotGamma turns options positioning into a clearer view of the market—so you can understand what’s driving price, where the important levels are, and trade with more structure.
Stop Reacting to Price. See What's Driving It.
Find the Levels
Read the Flow
Plan Your Trade
HEATMAP THE S&P 500
flagship
options
futures

flagship
options
EQUITIES
futures

real-time options impact
daily expert commentary

flagship
options
futures
Before the open and after the close, the Founder's Note breaks down what's driving price: positioning, volatility, and the key levels to watch that day. Walk into every session with a plan.
key support & resistance levels

flagship
options
EQUITIES
SpotGamma’s Synthetic Open Interest model delivers industry-leading clarity into how the options market is exerting its hidden force on all US stocks and indices. Powered by the best market data available, the Synthetic Open Interest model delivers precise insights that can elevate your trading approach.
INSTANTLY MODEL YOUR PNL

options
Optimize your PnL before placing the trade. The Options Calculator models how price, time, and volatility impact your position before you enter each trade — so you can better define entries, exits, and risk before you apply capital.
directional & volatility signals

options
EQUITIES
Compass is SpotGamma’s proprietary scanner that enables you to discover new trade ideas and analyze how to trade your favorite names. Find trade opportunities across 3,500+ US stocks, ETFs, and indices to understand setups to capitalize on both volatility and directional movement.
options flow + live details

options
EQUITIES
Trade with the flow, not against it. Tape streams real-time options data for 3,500+ tickers, letting you track the direction, conviction, and size behind every trade — so you can stop guessing and start trading with context.
market volatility & sentiment

options
futures
See what the market is pricing in before you trade.
The SpotGamma Volatility Dashboard gives you an instant read on whether options are cheap or expensive — across every strike, every expiration, and every stock you trade using intraday data covering 3,500+ US stocks, ETFs, and indices.
While price shows you what happened, The SpotGamma TRACE Heatmap 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.
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.
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.
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.
By combining TRACE, HIRO, and key levels, pro trader and SpotGamma contributor Doug Pless leveraged a defined-risk entry, a quantified target, and a clear exit signal — trading a 0DTE ES call option for over 400% profit.
“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
Built to Work Together
Every SpotGamma tool is built from the same options-market intelligence engine, translating positioning, volatility, and hedging activity into practical trading context.
Use one tool or the full platform. The edge compounds when the lenses work together.

Data Engine
Options Market Intelligence Core

TRACE
Real-Time S&P Heatmap
Support • Resistance • Volatility

HIRO
Real-Time Hedging Impact
Dealer Flow • Momentum • Exhaustion

Equity Hub
Single-Stock, Index & ETF Key Levels
Support • Resistance • 3,500+ Tickers

Vol Dashboard
Implied Volatility & Skew Analytics
Term Structure • Skew • Relative Value

Tape | Scanners
Trade Discovery & Options Flow
Options Activity • Watchlists • Setups

Founder’s Note
Daily Market Intelligence
Risk Levels • Trade Context • Positioning
Rigorous Data
Every level starts with real options-market mechanics — open interest, volatility, greeks and hedging behavior. SpotGamma uses institutional-grade data and a proprietary model to interpret it.
Transparent Logic
SpotGamma doesn’t just show you levels. We help you understand why they matter: what a Call Wall means, where volatility may expand, and how dealer hedging can shape price.
Trader-First Design
Institutional-grade data in an easy-to-use interface, built for retail traders. SpotGamma's Clear levels, live flow, and actionable tools help you produce confident trading plans.
What is included in each SpotGamma subscription level?
SpotGamma has two plans available for subscribers: Essential, and Alpha. All plans come with access to the SpotGamma Dashboard, twice-daily Founder's Notes from Brent and the SpotGamma team, access to Equity Hub with key levels for over 3,500 stocks and ETFs, TAPE, and subscriber Q&As, and unique key levels for the major US Indices. The Alpha plan gets you access to HIRO, our real-time options indicator, the Volatility Dashboard, and our S&P 500 heatmap app, TRACE.
I already trade on my own platform, what integrations does SpotGamma have?
SpotGamma key levels integrate seamlessly with the following futures trading platforms: TrendSpider, Bookmap CloudNotes, NinjaTrader, Jigsaw, eSignal, Sierra Chart, TradingView, ThinkorSwim, and EdgePro.
Does SpotGamma help with 0DTE trades?
The short answer is absolutely. 0DTE is a term used to describe options which expire in a very short amount of time. Here's a whole page full of articles and analysis on 0DTE options.
What are the SpotGamma proprietary key levels?
To get a snapshot of all SpotGamma key levels, head to the helpful and comprehensive Support Center where we cover all things SpotGamma levels.
Is SpotGamma only for options traders?
No, SpotGamma provides pre-market and real-time analysis that supports equities and futures traders alongside options traders. This includes tools that can be used by both day traders and swing traders.
How do I sign up for SpotGamma?
Check out our subscription page and select the plan that best fits your trading style: https://spotgamma.com/subscribe-to-spotgamma/
The options market has always had a structural layer that moves prices before technicals confirm it. SpotGamma makes that layer readable — for every trader, at every level.
Join THOUSANDS OF traders who use SPOTGAMMA'S institutional-grade data and tools to power their trading edge.
SpotGamma has something for every trader.
JOIN SPOTGAMMA ALPHA TO UNLOCK ALL TOOLS