This seems so obvious, but despite my being familiar with both concepts, it didn't click in my head to connect the two together together. Thank you. It's also cool that you know how to use Python to pull your own option data and calculate your own gamma walls.
Hey thanks, it’s really something I’ve been testing the last few months. Didn’t want to really cover it under I found it to be valuable to readers.
It’s def been a learning curve to figure out how to use python, I’m working to build it out neatly so I can share with readers the data I have access to.
The Gamma info is really versatile can be used for variety of ways to trade I just found an angle to use it in a way that aligns with my way of interpreting opportunity. I’ve seen people use it for break outs / downs , mean reversions etc. no one way really but glad it helped !
I've seen so many interesting articles on medium.com on what one can do with Python for finance and trading, but I have so many other more important things to learn trading-wise before I dive into learning Python. Maybe someday. Thanks for sharing that.
You can pull the data from an options chain manually, CBOE / platform options chain like ToS. the data I use is from Massive / Polygon.io . I use their API data with a python script that pulls options data and calculates these levels automatically for me multiple times a day as the data changes. I’m working on a new post to explain this will be posting next week. For the gamma flip it is the strike where put / call premium cross zero . Put / call walls where largest OI is at EOD then again Pre market when they reset the OI on the SPX chain
This seems so obvious, but despite my being familiar with both concepts, it didn't click in my head to connect the two together together. Thank you. It's also cool that you know how to use Python to pull your own option data and calculate your own gamma walls.
Hey thanks, it’s really something I’ve been testing the last few months. Didn’t want to really cover it under I found it to be valuable to readers.
It’s def been a learning curve to figure out how to use python, I’m working to build it out neatly so I can share with readers the data I have access to.
The Gamma info is really versatile can be used for variety of ways to trade I just found an angle to use it in a way that aligns with my way of interpreting opportunity. I’ve seen people use it for break outs / downs , mean reversions etc. no one way really but glad it helped !
I've seen so many interesting articles on medium.com on what one can do with Python for finance and trading, but I have so many other more important things to learn trading-wise before I dive into learning Python. Maybe someday. Thanks for sharing that.
I agree with you, it’s always best to go one inch wide and one mile deep .
Thank you for this insight. Where do you get the levels from? As there are tons of services and each one calculates a bit different.
You can pull the data from an options chain manually, CBOE / platform options chain like ToS. the data I use is from Massive / Polygon.io . I use their API data with a python script that pulls options data and calculates these levels automatically for me multiple times a day as the data changes. I’m working on a new post to explain this will be posting next week. For the gamma flip it is the strike where put / call premium cross zero . Put / call walls where largest OI is at EOD then again Pre market when they reset the OI on the SPX chain