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Delta Hedging
Net Greek exposure across the chain with live Magnet Strike and Bias Flip levels.
Delta Hedging Suite
Most traders see price.
Most traders see price.
Elite traders see positioning.
GammaTerminal maps the options chain in real time — exposing where dealers and institutions are positioned, where price gets pinned, and the moment bias flips. Stop reacting to candles. Start trading the structure underneath them.
Exponential growth isn't luck · It's strategy
Delta Hedging · QQQ
0DTE · live
Magnet Strike
Bias Flip
Calls
Puts
Built for the indices that move the market
QQQ NQ
SPY ES
IWM RTY
DIA YM
GLD GC
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Snapshot refresh — positioning updated every minute
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Greeks computed live — delta, gamma, theta, vega, charm, vanna
0DTE
We focus on 0DTE options — perfect for day traders
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Pro indicators in one customizable dashboard
Price is the shadow. Positioning is the object.
Every chart you've ever stared at is a lagging picture. The real force lives in the options chain: dealers who must hedge, institutions who must position, and the gamma that pins or releases price. GammaTerminal makes that invisible structure visible — strike by strike, in real time.
Delta Hedging · SPY
Quantum
Magnet Strike
Bias Flip
Calls
Puts
The flagship indicator
The Delta Hedging map — the whole chain on one screen
Our signature widget renders net options exposure strike-by-strike: calls fan right, puts fan left, spot sits on the spine. In one glance you read the topography of dealer positioning — not isolated Greeks, but the shape of the entire chain.
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Magnet Strike — the strike with the heaviest absolute exposure, where price tends to get pinned in calm tape.
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Bias Flip Level — the regime boundary where net exposure crosses from call- to put-dominance. Cross it and the bias has shifted.
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Standard & Quantum modes — switch between a clean structural read and our proprietary Quantum model that sharpens where positioning really concentrates.
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Hedgehog or histogram — vertical fan or horizontal bars, auto-oriented to your layout, zoomable strike-by-strike.
Also exportable to ATAS — trade your levels inside the chart you already use.
Price meets positioning
A candlestick chart that draws the levels that matter
One-minute candles, line, or 84-tick Renko — with the options-derived structural levels painted right on the price. You always see where price sits relative to dealer positioning, and you can act without ever leaving the chart.
- Auto levels from the live Greek snapshot — MAX+, MAX−, Magnet, Bias Flip and 1st+/1st−, labeled with their strikes and updating tick-by-tick.
- DH Buy / Sell levels — the strikes where dealer positioning is most net-long and net-short, straight from the live feed.
- VWAP, momentum candles & B/S signals — a cumulative VWAP anchor, color-coded candles and buy/sell markers in context.
- Right-click paper trading Coming soon — open market or limit orders, drag entry, stop and target, and track live P&L on the chart.
- Drawing tools, anchored VWAPs, volume profiles & replay — study any past session with the very same levels, frozen in time.
Candlestick · SPY
1m · live
MAX+
MAX−
Magnet
Bias Flip
Options OI Heatmap · QQQ
OI · live
Call OI
Put OI
ATM
Where the positions live
Options OI Heatmap — watch the whole book heat up
A heat map of open interest and volume across every strike and expiry, calls against puts. In one glance you see where positioning concentrates — and with the change metrics, where it's quietly building or unwinding.
- Strike × expiry, at a glance — Matrix mode spreads every expiry side by side; Column mode drills into one with call/put bars.
- Five metrics — open interest, OI change, % OI change, volume and volume change.
- Building vs unwinding — diverging colors over 1-day, 1-week and 1-month windows reveal where positions rotate.
- ATM tracked live — the at-the-money strike is highlighted, with ±3 to ±40 strikes around the money.
- Daily snapshots + live refresh — institutional-grade option data captured daily and topped up every minute.
One dashboard, the full edge
An institutional-grade suite, drag-and-drop simple
Twelve+ professional indicators you can arrange, resize and save into your own layouts.
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Net Premium Flow
Real money following real flow — classified call/put premium as it prints.
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Net Premium Levels
Where premium concentrates into actionable support and resistance bands.
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Net Premium Timeline
Intraday evolution of positioning so you see bias building before it breaks.
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DDF Level Analysis
Dealer-driven force levels that frame the day's most probable reaction zones.
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Speed of Tape
Order-flow velocity that reveals urgency the candles haven't priced yet.
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Volatility State
Regime read on whether the tape is coiling, expanding or mean-reverting.
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Setup Finder
Scans conditions and surfaces the structural setups forming right now.
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Economic Calendar
High-impact events with desktop, sound and toast alerts — never get caught.
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Candlestick + Momentum
Pro charting with options levels, momentum overlays and right-click paper trading.
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Options OI Heatmap
Open interest and volume by strike and expiry — see where positions build and unwind.
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Replay Mode
Rewind any prior session minute-by-minute to study how structure played out.
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AI Live
Context-aware reads on the current tape, distilled into plain language.
From signup to signal in minutes
How GammaTerminal works
01
Create your account
Sign up at app.gammaterminal.com and choose the plan that fits how you trade.
02
Build your layout
Add indicators from the gallery, drag and resize them on the grid, then save multiple named layouts. Each indicator keeps its own ticker — so you can compare symbols side by side.
03
Trade the structure
Read Magnet Strikes, Bias Flips and flow in real time — or export levels to ATAS.
Why traders switch to GammaTerminal
It's not another indicator pack. It's the positioning layer that sits under everything you already watch.
- Real-time data — positioning refreshed every minute, not end-of-day exports.
- 0DTE to monthly — intraday gamma or multi-week structure, your call.
- Indices & futures — QQQ/NQ, SPY/ES, IWM/RTY, DIA/YM, GLD/GC, auto-converted.
- Fully customizable — drag-and-drop layouts you save and switch instantly.
- Runs in the browser — nothing to install, on any machine.
- Multi-language — English, Português and Français out of the box.
- ATAS export — bring our flagship levels into your existing chart.
Not just another chart
Generic tools show price. We show the positioning underneath.
Where GammaTerminal goes beyond a standard price-charting platform.
| Capability | GammaTerminal | Generic charting tool |
|---|---|---|
| Dealer & institutional positioning (Magnet · Bias Flip) | ✓ | ✕ |
| Live options Greek exposure | ✓ | ✕ |
| Options OI heatmap (strike × expiry) | ✓ | ✕ |
| Options levels drawn on your chart | ✓ | ✕ |
| Net premium flow & levels | ✓ | ✕ |
| 0DTE intraday focus | ✓ | Limited |
| Save & switch multiple layouts | ✓ | Partial |
| Export levels to ATAS | ✓ | ✕ |
Comparison reflects typical price-only charting platforms; features vary by provider.
Simple, commitment-based pricing
Choose your edge
One subscription unlocks the full Delta Hedging dashboard. Commit longer, pay less.
7-day money-back guarantee. Try it risk-free — email us within 7 days for a full refund.
Monthly
€179/mo
Billed monthly · cancel anytime
- Full Delta Hedging dashboard
- All 12+ indicators
- 0DTE · weekly · monthly
- All tickers & futures
- Replay mode
Save 33%
Quarterly
€119/mo
Billed €358 every 3 months · save 33%
- Everything in Monthly
- Priority data refresh
- Saved multi-layouts
- ATAS level export
- Email support
Yearly
€89/mo
Billed €1,074 / year · save 50%
- Everything in Quarterly
- Best per-month price
- Lock your rate for 12 months
- Early access to new indicators
- Priority support
Prices in EUR · billed securely via Stripe.
Questions, answered
FAQ
What exactly does GammaTerminal show me?
It visualizes where dealer and institutional options positioning concentrates across the chain — strike by strike, in real time. You instantly see the Magnet Strike (where price tends to pin), the Bias Flip level (where the regime changes), and net premium flow, all on QQQ, SPY, IWM, DIA and GLD.
Which markets and expiries are covered?
QQQ, SPY, IWM, DIA and GLD, with automatic real-time conversion to their futures equivalents (NQ, ES, RTY, YM, GC). Expiries span 0DTE intraday gamma, weekly and monthly structure.
Do I need to install software?
No. The entire platform runs in your browser at app.gammaterminal.com. If you trade in ATAS, our flagship Delta Hedging levels can be exported there too.
What's the difference between Standard and Quantum?
Standard is a clean, classic read of exposure across the chain. Quantum is our enhanced, proprietary model that sharpens the map toward where positioning is really concentrating — switch between them with one click.
Can I cancel anytime?
Yes. Monthly is fully flexible; quarterly and yearly are commitment plans that unlock lower per-month pricing. You manage everything from your account.
Is there a money-back guarantee?
Yes. If GammaTerminal isn't for you, email us within 7 days of your purchase and we'll refund you in full — no hard feelings.
Is this financial advice?
No. GammaTerminal is an analytics and visualization tool, not a financial advisor. It does not provide trade recommendations. Trading involves substantial risk of loss.
See what the chart can't show you.
Open the dashboard and watch dealer positioning move in real time.
7-day money-back guarantee — try GammaTerminal risk-free.
Exponential growth isn't luck · It's strategy