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

Condition: When a HIRO alert fires on a stock strongly under the influence of options, a reversal may be expected once the flow shuts off; one feasible strategy is buying a deep in-the-money 0DTE put or call spread with leverage.

• If the price has risen sharply: buy an in-the-money put spread
• If the price has dropped sharply: buy an in-the-money call spread

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.