Traderade Tool
Options Viz
See the options positioning that drives the S&P 500.
What it does
Options Viz, sold as the SPX Options Visualizer, is a live view of the options positioning and flows behind price discovery in the S&P 500 e-mini futures contract, built for traders who want context before they take a trade.
- Live dealer positioning and gamma levels for SPX and ES
- Flow that shows where price discovery is actually happening
- Works as a data add-on inside Bookmap and MotiveWave
- Streamed live in the Traderade Discord during market hours
Who it is for: Options and futures traders who trade SPX, ES and the index around the levels that matter.
How Options Viz works
The Visualizer shows SPX gamma exposure and dealer positioning as they change through the session. Roughly $1.2T in daily notional flows through SPX options across expirations, and when you trade ES futures, knowing where dealers have to hedge is most of the battle.
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Hot calls and puts
The two most active call and put strikes by volume: where flow is concentrating right now.
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Call and put walls
The largest call or put gamma exposure near spot. Call walls often act as resistance, put walls as support.
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Volatility trigger
The largest gross gamma exposure just below spot. If price breaks below it, volatility tends to expand.
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Gamma flip
The level where the market crosses from positive into negative gamma, and dealer hedging flows reverse.
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Key levels
The next five largest levels of net gamma exposure, labeled in order. These often act as resistance.
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Gamma levels
The next five largest levels of gross gamma exposure, labeled in order. These act like magnets, especially with large resting liquidity nearby.
Watch it a chapter at a time
The walkthrough runs 33:58. These are its own chapters, cut at the title cards, so you can watch the one you came for.
Introduction0:55
All of the Information Displayed4:43
The SPX Options Visualizer0:32
Most Active Strikes on SPX Converted to ES Levels2:09
Largest Gamma Levels4:30
Gamma Flip and What it Means3:41
Midpoint Meaning and Value4:40
The Put Wall and Vol Trigger3:59
Benefits for Traders4:17
How to Gain Access to the SPX Options Visualizer3:00
Questions, Feedback, Feature Requests1:31
About Options Viz
I'm happy to announce that my SPX Options Visualizer for Bookmap and MotiveWave is now available to the public. It ships as a data add-on for both programs, and it also runs as a stream on our Discord.
The SPX Options Visualizer provides unique insights into the positioning and flows driving market price discovery in the S&P 500 e-mini futures contract.
Buy the SPX Options Visualizer
The levels this tool draws are defined in the gamma exposure guide, and the SPX levels published at the last close are on SPX gamma levels.
The levels this tool draws are defined in the gamma exposure guide, and the SPX levels published at the last close are on SPX gamma levels.
In the last several years, options have become a driving force, changing how markets trade. In particular, that's been true with the S&P 500, with the rise of index options trading and total notional daily flows of about $1.2T across all expirations. In essence, the tail now wags the dog: options notional values and volumes overwhelm those of futures.
Markets and Mayhem created this tool specifically to build a lens into SPX options positioning, or gamma exposure: the model of where dealers may have positioning, plus the prevailing volume flows of the two most active call and put strikes trading.
It is especially useful when you can identify convergences between large levels of resting liquidity (or open limit orders) and important areas of options activity and positioning, which increases confidence that these are levels to watch closely.
The SPX Options Visualizer was designed by a trader for other traders, with the hope of providing an edge in trading the S&P 500 e-mini futures market. It currently supports Rithmic, dxFeed and Bookmap data on Bookmap, and all CME futures data providers on MotiveWave.
Buy the SPX Options Visualizer
To learn more about the relationship between SPX options and the S&P 500 futures market, and how I trade with this information, these articles are the place to start:
- Trading with Bookmap: Coalescence as a Compass
- Quantifying the Impact of 0DTE Trading in SPX
- A new wrinkle in the SPX 0DTE saga
- SPX Gamma Exposure: Dealer Positioning and Price Impacts
- Trading Options Expiration Week Isn't Awesome
- The Basics of Options
- Understanding charm flows from the options market
If you have any questions or feedback, leave them in the Traderade Discord or contact us.
Mayhem and Ayesha are the best value education for intermediate to advanced traders I’ve found. The Discord is awesome and the knowledge shared is top notch. Seriously don’t hesitate to purchase anything from them. It’s the best purchase I’ve made in my journey as a trader.
Very impressed, and happy I found them. Traderade has been a great resource for me as a trader and investor. The blend of educational content, research, and ideas helps me to have a more complete view of the complex world of finance. I’ve been with them since they started in January, and plan to stay on as a client for a long, long time to come!
The crew at traderade has been like a family since day 1 the discord launched. Trading is a lonely sport but it doesn’t have to be. The team and members have been so open, honest, and transparent in providing information, learning and guidance to all aspects of the financial markets. Micro, Macro, and plenty of laughs along the way each day/night.
This is a diverse group of traders and investors of all levels of expertise and from all over the world sharing ideas and insights. It’s a friendly, fun, and supportive community. I’ve been a member from day 1 and it’s been overwhelmingly positive. My only word of caution would be that this is not a service for people who just want to have trade entries and exits spoonfed to them, it’s a collaborative effort to create sustainable trading success.
Excellent learning community where members share ideas and knowledge. The live streams bring great visualization tools to help futures traders see important levels.
This is the best service money can buy. Full of actionable information, a ton of resources for Stocks Futures and everything else. Great market outlooks, reports and tools and they are always adding more and more to the service to improve your results. Highly Recommended.
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Mayhem, Ayesha and the rest of the team at Traderade are the best! I’ve looked at other communities and this is hands down the best. Not only because of the team but the other members are awesome and helpful. Then all the tools they have and created. If you day trade you should join but it is always amazing for swing trading and investing which has been more my speed. Can’t praise them enough. In six months my understanding has increased more than in the past 4 years.
Traderade offers phenomenal data on their Discord. It’s an excellent community where you can learn from other traders and gain valuable insights on how to interpret the data. As trading is a journey, the resources and discussions with other traders will help guide and support your learning every step of the way.
Frequently Asked
What is Options Viz?
Options Viz, sold as the SPX Options Visualizer, is a live view of the options positioning and flows behind price discovery in the S&P 500 e-mini futures contract, built for traders who want context before they take a trade.
How do I get access?
It runs live in the Traderade Discord. The Bookmap and MotiveWave data add-ons are available to traders who already run those platforms.
Which markets does it cover?
SPX and the S&P 500 e-mini futures (ES), with NQ covered on the futures tools.
Do I need Bookmap to use it?
No. The Discord stream works in the browser. The add-on is for traders who already run Bookmap or MotiveWave.
Get access to Options Viz
Streamed live in the Traderade Discord, alongside the rest of the tools and the educational sessions.