We believe strikes with large options open interest creates hedging activity and can be key inflection points in the futures market.
When options market makers need to hedge their large options portfolios they may use ES futures to do so. This means that ES liquidity profiles can change around strikes for which there are large concentrations of options positions. You can see in the NinjaTrader Screenshot below that the ES futures react at our key options strikes (right column).
SpotGamma provides 2 daily reports to subscribers: pre & post market. You get the latest in S&P500 (SPX/SPY) & Nasdaq (NDX/QQQ) options data along with key insights and analysis. We also provide a full of videos and articles to help explain new data and key concepts.
Key charts and tables like the ones below organize our data, making it easy to incorporate into your trading plan. All levels are backed with detailed explanations about their significance and how they might figure into the trading day.
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