SpotGamma
spotgamma.com
Options positioning research built on dealer gamma: daily key levels and notes, plus real-time HIRO and the TRACE S&P 500 heatmap on the top retail plan.
What it is
SpotGamma estimates how options market makers are positioned and where their hedging may push or pin prices. Every paid plan starts from the same core: a pre-market Founder's Note, key levels for the major indices (Call Wall, Put Wall, Volatility Trigger), Equity Hub analysis of 3,500+ US stocks and indices, scanners, the Tape options flow tool covering 3,000+ tickers, an options calculator and twice-weekly Q&As with a Discord community.
The real-time tools are what separate the tiers. SpotGamma's help center places HIRO (a live read of the hedging impact of options trades), TRACE (an intraday S&P 500 support and resistance heatmap), the Volatility Dashboard and the Synthetic OI lens in Equity Hub on the Alpha plan, which costs more than twice the entry plan. If those tools are the reason you are looking, budget for Alpha.
Key levels can be pushed into charting platforms including TradingView, thinkorswim, NinjaTrader, TrendSpider, Sierra Chart and eSignal, so the numbers can sit on your own charts. There is no permanent free plan, but a handful of free tools (SPX gamma exposure, implied earnings moves, an options profit calculator) and a free Opening Setup briefing are available without paying.
Before subscribing, note that the pricing page showed inconsistent plan names and figures when we read it; confirm the exact plan and price at checkout.
Key features
- Key levels and Founder's Note
- Daily Call Wall, Put Wall and Volatility Trigger levels for major indices, with written pre-market commentary from the SpotGamma team.
- Equity Hub
- Options positioning analysis for 3,500+ US stocks and indices using a Total OI lens; Alpha adds a Synthetic OI lens.
- HIRO
- A real-time indicator of how options trades are likely to force dealer hedging in the underlying. Alpha plan.
- TRACE
- An intraday heatmap of S&P 500 support, resistance and volatility zones. Alpha plan.
- Tape and FlowPatrol
- An options flow tool covering more than 3,000 tickers, plus daily write-ups of unusual and large institutional trades.
- Compass and scanners
- Proprietary daily watchlists and scanners for directional and volatility setups.
- Platform integrations
- Levels can be displayed in TradingView, thinkorswim, NinjaTrader, TrendSpider, Sierra Chart, eSignal, Bookmap and others.
Pricing
| Plan | Price | What you get |
|---|---|---|
| Standard | $89/mo or $801/yr | Founder's Note, key levels, Equity Hub, scanners, Tape, options calculator, Q&As and Discord |
| Pro | $129/mo or $1,161/yr | Standard plus weekly live webinars |
| Alpha | $299/mo or $2,691/yr | Adds HIRO, TRACE, the Volatility Dashboard and the Synthetic OI lens |
| Institutional | From $1,999/mo | Desk licenses, real-time alerts, custom risk indicators and onboarding |
The pricing page also showed an Essential plan at $99/mo and discounted first-month offers, with some figures that contradicted each other; check the price at checkout. Which tools belong to which tier is taken from SpotGamma's help center, which reserves HIRO and TRACE for Alpha.
Free option: No free plan. Free tools on the site include an SPX gamma exposure chart, implied earnings moves, an options profit calculator and the Opening Setup briefing.
Checked September 25, 2026 on spotgamma.com. Prices change; confirm on the provider's site before you subscribe.
Strengths
- Focused on dealer positioning and gamma levels rather than raw flow alone
- Daily written notes explain the levels, which helps traders new to gamma concepts
- Levels plug into many charting platforms, including TradingView and thinkorswim
- Covers 3,500+ US stocks and indices, not only SPX
Limitations
- HIRO and TRACE, the best-known tools, are only on the Alpha plan
- No free plan; only a few standalone free tools
- Gamma and dealer-positioning figures are model estimates, not reported positions
- The pricing page showed conflicting plan names and prices when reviewed
Good fit for
- Index and SPX traders who plan around gamma levels
- Swing traders who want daily support and resistance levels with commentary
- Options traders who want positioning context next to flow
Look elsewhere if
- Traders who only want a cheap live options flow feed
- Long-term investors who do not trade around short-term levels
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SpotGamma questions
Is SpotGamma free?
No. There is no free plan, but several standalone tools (SPX gamma exposure, implied earnings moves, an options calculator) are free on the site. Paid plans start at $89 a month.
Which SpotGamma plan includes HIRO and TRACE?
SpotGamma's help center places HIRO and TRACE on the Alpha plan, listed at $299 a month or $2,691 a year.
Can I see SpotGamma levels on TradingView or thinkorswim?
Yes. SpotGamma lists integrations with TradingView, thinkorswim, NinjaTrader, TrendSpider, Sierra Chart, eSignal and other platforms.
Does SpotGamma cover individual stocks?
Yes. Equity Hub covers 3,500+ US stocks and indices, and the Tape flow tool covers more than 3,000 tickers.
Written from SpotGamma's own website and documentation. All Trading Tools lists and compares tools; it does not recommend trades or give financial advice. Sources: spotgamma.com, spotgamma.com/subscribe-to-spotgamma, support.spotgamma.com/hc/en-us/articles/50272097356819-What-is-included-in-each-SpotGamma-subscription-plan-Essentials-vs-Alpha.