Disclaimer: The below information is intended to describe hypothetical scenarios and should not be considered trading or investment advice.

Condition: When there is a flatline in HIRO indicator at a proprietary SpotGamma resistance or support level, trading opportunities exist to capitalize on a price reversal.

• If the order flow was correlated with a price increase: Sell 0DTE call spreads above the Call Wall when the stock approaches it 
• If the order flow was correlated with a price decrease: Sell 0DTE put spreads below the Put Wall when the stock approaches it 

SpotGamma flow alerts indicate substantial order flow in the underlying ticker. However, our analytics indicate that when these flows shut off, the stock reverts back in the previous direction 70% of the time.

Pro Tip: Configure your alerts to the stocks, ETFs, or indices you are most interested in so you will be notified when major order flow activity occurs in these tickers.

For more information, check out our videos on using the HIRO to trade:

Statistics: Check out SpotGamma’s Statistics on how our key levels have performed for the SPX using data from 2018 - 2024.

SpotGamma Alpha subscribers can access the SpotGamma HIRO Indicator here.