Crunching numbers. Please wait...
Capabilities Trading Volatility
Turning complex dealer positioning into clear, automated ratings and actionable signals.
A Decision Engine Powered by Option Structure
Trading Volatility analyzes gamma structure, vanna, charm, implied volatility, and skew to determine directional bias and volatility regime across a broad universe of stocks and indexes. Rather than charts alone, the platform converts option-market dynamics into automated ratings and decision-support signals you can act on.
Automated Stock Ratings
- Ratings for ~1,000 optionable stocks and major indexes
- Updated twice daily by default:
- Once in the first 40 minutes of the trading session
- Again in the final 40 minutes before market close
- Premium subscribers can request on-demand updates intra-session
- Each rating reflects the most likely directional bias implied by current option structure
Ratings are intended as an initial decision-support and screening layer — helping you prioritize where deeper analysis or execution may be warranted.
| Score | Classification |
|---|---|
| 5 | Bullish |
| 4 | Hold |
| 3 | Avoid |
| 2 | Wait |
| 1 | Bearish |
What Drives the Ratings
Ratings are automatically generated using a rules-based algorithm that evaluates:
- Net gamma exposure by strike and expiration
- Proximity to dominant gamma concentrations
- Effects of changing implied volatility on dealer hedging
- Time-decay-driven delta shifts near expiration
- Directional demand for calls vs puts
- Downside vs upside risk asymmetry
- Weekly, monthly, and multi-expiration interactions
- Short-dated dominance in intraday behavior
These inputs are combined to assess whether market-maker hedging behavior is more likely to stabilize price (mean-reverting environments) or amplify price movement (trend-prone environments).
Gamma, Vanna & Charm Analytics
Trading Volatility provides dedicated analytics pages for deep inspection of dealer positioning, including:
- Net Delta Exposure
- Net Gamma Exposure (GEX)
- Vanna Exposure
- Charm Exposure
- Estimated daily hedging flows (gamma, vanna, charm)
- Distribution of exposure by strike
- Interactive charts and visuals to support interpretation
Key Option Structure Concepts Used
- Positive gamma dampens volatility as dealer hedging stabilizes price.
- Negative gamma amplifies volatility as hedging reinforces price movement.
- Gamma influence often peaks near expiration when hedging sensitivity is highest.
- Short-dated options can dominate intraday behavior.
- Concentrated call gamma can cap upside and pin price.
- Heavy put gamma can accelerate downside moves.
- As price moves away from key gamma concentrations, vanna-driven effects from IV changes can override gamma pressure.
A price level where a dominant gamma concentration can stabilize price action, especially near expiration.
Occurs when market makers are short gamma and must hedge aggressively as price moves — often seen in speculative, call-heavy stocks (e.g., TSLA, GME, AMC).
A structure with minimal put gamma and layered call gamma above spot, creating conditions for rapid upside moves and elevated volatility.
My Dashboard — Watchlist & Signal Monitoring
My Dashboard provides a centralized view of ratings, signals, and key metrics for a custom watchlist.
- Custom stock and index watchlists
- Sorting and filtering by:
- Bullish / Hold / Avoid / Bearish
- Rating changes
- Signal types
- Fast identification of rating shifts and regime changes
A dedicated My Dashboard Guide walks users through advanced usage and workflows.
Alerts & Notifications
To stay informed without constant monitoring:
- Enable Daily Email Notifications for My Dashboard Summary
- Receive an evening summary highlighting rating changes, new signals, and updates across your watchlist
Gamma Level Exports & Integrations
- Export gamma levels for your watchlist
- Import into TradingView or ThinkOrSwim
Trading Volatility data is accessible via:
- Website
- API
- Discord bot
- Chrome extension
Advanced Market Structure Tools
These tools provide deeper visibility into positioning, flow, and institutional activity for traders who want to go beyond ratings and high-level signals.
- Graphical view of daily put and call volume by strike
- Overlay current gamma levels at each strike
- Analyze breakeven prices for simple options strategies
- Available for ~1,000 tickers and any expiration
- Track intraday SPX options volume alongside gamma levels by strike
- See which strikes are attracting the most recent activity
- Updated every 20 minutes, with real-time updates available
- Designed to support intraday and same-day expiration analysis
- Track daily dark pool activity across ~250 stocks
- Historical view with EMA smoothing to reduce noise
- Designed to highlight institutional accumulation and distribution trends
Additional Analytical Tools
Advanced users can explore:
- GEX Dashboards — cross-universe gamma analysis
- Skew & IV Charts — sentiment and expected-move context
- Historical GEX Charts — regime changes over time
- Dark Pool Charts — institutional activity signals
- Put/Call Dashboard — positioning and sentiment analysis
- Idea Dashboard — surfaced ideas based on option structure
Coverage & Limitations
- Covers ~1,000 stocks and major indexes
- Optimized for liquid option markets
- Stocks below $5 are excluded
- Major news events and macro data can temporarily override option-driven effects