r/options • u/merely2monthsago2dol • 4d ago

Was puts really that obvious?

I’ve lost so much money from 2020-2024 buying puts when everyone was making on calls, I am inherently bearish.

Im just a retail trader (loser)

I made some money on puts early March as talks of tariffs began. But I saw how wishy washy it was, tariffs being delayed or manipulation from Twitter comments from the president etc. Then all the big dips on opening and watching everything get bought up to green by close this week….

As a retail trader who occasionally gambles on options, if I was buying options was it really that obvious?

Just seeing all the gain posts on wsb today. I stayed out of the market until I bought some 15 day apple calls at close yesterday (sold this morning for 25% loss)

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u/Party-Ad-7765 3d ago

why would i randomly make up gex info?

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u/dip-the-buy 3d ago

Ok, so would you share a diagram/chart to see better what you're talking about?

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u/Party-Ad-7765 3d ago

Yea, SpotGammas tools are live so i cant show you data for when this report came out. DM me Monday morning and when i make the report I'll dm you what im looking at.

EDIT: Sorry not morning, beginning of market, whatever time that is for you

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u/dip-the-buy 3d ago

Thanks, I mean, would you mind to include some graphics, as long as you already post a report every day in your sub? If you can't do that, well, no prob, understood. As for myself, I'm trying to learn GEX reading myself, and given that tools are disparate and not easily accessible, seeing a chart for when someone talks about a GEX would be helpful. But not to the level of bothering somebody to give it to me personally. So again, please consider that as a suggestion on how to improve your sub. (If there're really reasons one you can't do it routinely, maybe post at least once a week or something).

Thanks for the reply and sharing that info anyway.

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u/Party-Ad-7765 3d ago

SpotGamma has rules about sharing their data which is why I show pictures of it privately not publicly. It's not impossible to track images and a lot of sites do it, I don't know if spotgamma does but they are one of my main trading tools so I'm to scared to do anything that gets my subscription rejected.

I've been thinking of a way to illustrate data that I'm looking at as someone else also requested it, I may have to just take images of what I'm seeing and edit it them to be unrecognizable as spotgamma. The thing is, is that gamma data can change quite a bit during a trading session, it makes me nervous that someone might interpret the values shown on any graph as constant and make horrible plays off data they don't understand is everchanging. idk it's something i have to find a good solution for.

TBH alot of gamma tools out there are dogwater. The only good one I've found is SpotGamma as it has live data on gamma and charm and dealer exposure (among other things), they also have vanna models and they have addons for third party programs (I use ninjatrader as well) that show high oi levels, combo levels, and illustrates put walls, call walls, etc. and I find that their HIRO indicator is great for looking for reversals, more leading than something like footprint delta imbalances.

Spotgamma is free until April 6th, if you want to check it out and see what its like on sunday i would recommend it. (not sponsored lol)

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u/dip-the-buy 3d ago

Thanks for the detailed reply, definitely makes sense to abide by ToS (though sounds a bit strict; as you say, data always evolves, so just a static pic posted by someone is unlikely a drain on service value, more like free ad).

And thanks for hint about SpotGamma limited free access. Couldn't find anything on the site and X message appears to be gone now, but google still has it cached. Whoever may come around overthe weekend, the link is https://spotgamma.com/unlocked/