There are two unique insights that HIRO provides.  The first is the impact over a time period during the live trading day when large options hedging flows may have a cumulative impact on the volatility and direction of a stock or index’s movement. Secondly, there are acute trades which take place that will need to be hedged, and by tracking this activity there may be opportunities to adjust positions.

SpotGamma Alpha subscribers can access the SpotGamma HIRO Indicator here.