DeepGamma - Feature Presentation & Technical Q&A

Okay, siamo live. Hey guys, welcome back to Deep Charts into this second live session, the second day of our Deep Gamma launch. And today we're going to dive even deeper with our amazing team that is behind the platform. As you guys all know it, we have Antonio himself and Rodolfo himself here with us today, taking us a little step further in the journey of understanding everything about option flow, the gamma exposure, how we calculate it, why it is important, and a little bit of a question and answer session at the end of today's live session, so we can answer your doubts or questions you might have around the current, the new suite of indicators of Deep Gamma. So, welcome Rodolfo and welcome Antonio. Welcome back to the channel. Hi Andrea. Hi, hi to all guys.

Thank you. Okay, we have a lot of people in the chat. Awesome.

Yeah, Fabio is not going to be here tonight. He's going to come next week where we're going to—I remind you, next week we're going to start with the live free boot camp that we're going to host here, where we're going to teach you all the basics of options and how gamma works and the gamma exposure. We're going to go into the theory and the practical stuff, so it's going to be an awesome week. So, stay tuned on the Deep Charts channel. And whenever you're ready, Rodolfo, we can get started.

Okay, guys. I can show my screen. Uh-huh. Yes. Okay. Are you able to see my screen now?

Okay, guys. I want to—Andrea yesterday evening gave you a panoramic view of what about GEX, okay, and I would like to take again this situation and explain to you a little bit about the GEX, okay, and what we try to do with our indicators in Deep Gamma, okay, and which is the difference between the Deep Gamma indicators that derive directly from the raw data of the CBOE market, okay, and the other platforms, okay, not all, because there are other platforms that take CBOE data and plot in their chart the real data of the raw data of the option market of SPX, okay, and other platforms that instead assume what market makers could be in the market, okay, but we begin now with a little introduction, okay, who really moves the market every day, okay. We analyze eight months of off-shelf CBOE data, okay, the US exchange where S&P 500 options trade, rebuilt day by day to answer a single question: what do the market makers, the house of the option market, really hold and how much does it weigh on the market, okay. 164 trading days rebuilt from November 2025 to June 2026.

10-minute snapshot of the market, 10 minutes for eight months, okay, 1 minute June, okay? Because the CBOE gives 1-minute data from two or three months, maybe, okay? But before, they give only 10-minute bucket data, okay?

It's 17 million rows of data, each one passed through automated account consistency checks, okay? Because the work that we have done is a deep, like deep dive, okay? Because we try, we tend to do everything that we do in deep ways, okay? Not in a superficial way. Okay. Three billion dollars a day, seven times the future, okay? An option is a contract that works like insurance on a price, okay? At your reasons, options were insurance for bigger funds, bigger institutional players, okay? The buyer pays a premium to protect themselves or to bet, okay? In the origin, it is to protect themselves, but now it is also to bet on a move in the E index.

S&P 500 options are one of the largest markets in the world, and they are one nobody talks about. The number measures of 164 days, 4.8 million contracts traded every day.

Six ninety six ninety thousand dollar the index value of single contract covered with, for example, 6,900, $100 a point. Every point of SPX, okay, it values $100.

Okay. Three point three billion dollars of notional traded every day on SPX option, okay?

If the effective exposure, every option weighted by how much it really moves when the index moves, some reaction almost 100%, others near zero, okay? This is the real value, okay? If we weight about how much it really moves the index, okay?

It's the same 760 billion dollars, okay? The exposure traded every day, billions of dollars, okay, is this: SPX option 3.3 billion, okay? EX EX 3,330, okay? EX future 420.

Okay, we go ahead. Six trades in 10 are played today, and every horizon has its own player, okay? I want to show you how volume splits across the expiration, okay? And which is the meaning of zero DTE option, okay?

Zero DTE option, okay, share of total volume of the day is about 60%, okay, of the volume of the today option, okay? So, the volume in the zero DTE is the measure, is the largest, as you can see in this chart, okay? It's 60%.

One DTE 80.5%, 2-5 days DTE 70.5, 60 trades 30, 11, over 30 day 30. So, you can easily understand how much weight the zero DTE option has in the market, okay?

Options expired today belong to the small trader, okay? So, we have all the data from CBOE, and we can understand all trades, this 59%, okay. And this 59% is composed essentially of traders with a lot size of less than 100 contracts, okay, it is 86%.

Professional, okay, 7%. Large account major, okay, more than 100-199 contracts, 2.7%. Institutional 1.1%. You can understand that the small traders are the players of zero DTE option.

Okay. Long expiration belongs to the institution, okay, institution buy or sell option with the long expiration, but there is a reason, okay, they want to protect in a medium-long term the portfolio, okay. So this is the composition, okay. The small trader bets on today, institution and professional on weeks and months, same board, two different markets, okay.

Okay, now we go to the core of the GEX, the GEX theory, okay. Which is what is the GEX theory, okay. The GEX theory rotates all around the market maker, okay. The market maker is the shopkeeper of the option. Usually, he is counterparty of your order. He runs the house like a money changer. He is not betting as you, but every contract letting this end is a risk to hedge.

Okay, the billion-dollar question is just one: what is holding right now? Two ways to answer: guess it from the price tape without assumption or counting the official record trade by trade. In a moment you will see different today and up in which way fits publishing is positioned, okay? It does not exist at any price, but the exchange publishes who bought and who sold category by category. And from those records, the position can be rebuilt by counting.

That is what we do with Deep Gamma. Without the records, all that is left is guessing from the tape. If you know what the shopkeeper holds, you know which mode is driving the market in. And it is hedging weights on the index, okay? The market maker drives the market with the brake or the accelerator. His job is not to guess the market. He earns the small gap between bid and ask. The price he buys, okay, the price he will sell at on minutes and counter, but it can never be flat. The position left in this hand is forcing and if the index moves, he stands to lose power more than he earns.

So, he must hedge. There are many market makers, not one. And how each of them hedge future or this derivative or so, we do not see. What we measure is the pressure they carry. Classic theory says it is discharged onto the index in two opposite modes. Brake mode, why? If I have positive GEX, okay, price goes up, he sells. Price goes down, he buys.

Okay? Accelerator mode, negative GEX. Price goes up, he must buy too. Price goes down, he must sell too. Okay?

Result: it amplifies the move, okay? GEX measures one thing only, which of the two modes the market maker is right now.

And how strongly. That is the theory. In a moment, you will see that.

Zero DTE option, okay, share of total volume of the day is about 60%, okay, of the volume of the today option, okay? So, the volume in the zero DTE is the measure is the largest, as you can see in this chart, okay? It's the 60%.

One DTE 80.5%, 2-5 days DTE 70.5, 60 trades 30, 11, over 30 day 30. So, you can easily understand how much weight the zero DTE option in the market, okay?

Options expired today belong to the small trader, okay? So, we We all the data from CBOE, and we can understand all trade this five this all the all trades this 59% okay. And this 59% okay is composed essentially okay it's more

trader with a lot size of minus okay less of 100 contracts okay is 86%.

Professional okay 7. % large account major okay more of 100 199 contract 2.7% institutional 1.1% you can understand that the small traders okay is the players of zero DTA option.

Okay. Long expiration belong to the institution okay institution okay buy or sell option with the long expiration but there is a reason okay they want to protect in in a medium long term the portfolio okay. So this is the

composition okay. The small trader bets on today institution and professional on weeks and months same board two different markets okay.

Okay now we go to the core okay of the Jakes the Jakes theory okay. Which is what is the Jakes theory okay. The Jakes theory okay wrote rotate all around the market maker okay. The market maker is the shopkeeper

of the option. Usually he is counterparty of your order he runs the house like a money changer is not betting as you but every contract letting this end is a risk to hedge.

Okay the billion dollar question is just one what is holding right now two ways to answer guess it from the price tape without assumption or counting the official record trade by trade. In a moment you will see different today and

up in which way fits publishing is positioned, okay? It doesn't does exist at any price, but the exchange publish who bought and who sold category by category. And from those records, okay, the position can be rebuilt by counting.

That is what we do with deep gamma. Without the records, all that is left is guessing from the tape. If you know what the shopkeeper holds, you know which mode is driving the market in. And it is hedging weights on the index, okay? The

market maker drives the market with the brake or the accelerator. His job is not to guess the market. He He earns the small gap between bid and ask. The price he buys, okay, the price he will sell at

on minutes and counter, but it can never be flat. The position left in this hand is forcing and if the index move, he stands to lose power more than he earns.

So, he must hedge. There are many market makers, not one. And how each of them hedge future or this derivative or so, we do not see. What we measure is the pressure they carry. Classic theory say is discharged onto the index in two

opposite mode. Break mode, why? If I have positive gex, okay, price goes up, he sells. Price goes down, he buys.

Okay? Accelerator mode, negative gex. Price goes up, he must buy too. Price goes down, he must sell too. Okay?

Result it it amplifies the move, okay? Gex measure one thing only, which of the two modes the market maker is right now.

And how strongly. That is the theory. In a moment, you will see that it really does and above or what it does not do measure on the data, okay?

Gex can be computed in two ways. Only one can be re-verified. The tape does not say who was buying, does not say whether positions were buying were being opened or closed. And they cannot see the night. Without a record, you must

guess or trade. They're derived the right and full CBOE data, okay, that we we bought to have the really deep gamma, okay, the really gamma position of the market maker trade by trade.

Verifies that we did not verification. The tape bit but we here we test, okay.

CBOE record with tape build map, okay. And you can see in this day, okay, 25 June 12:30 p.m., okay. This strike of level you can see the the really difference, okay.

A a a lot of difference. Flip flip flip alpha K, okay, you can see K alpha K you can see the difference, okay, the really gamma and the gamma assumed assumed, okay.

Here we are another day and is in with our chart, okay, compare our chart to the platform that assume the gamma. You can really see here which is the difference, okay. Here we are a strong level of gamma. Here we don't

have a strong level of gamma, okay. Here we have a strong level of short gamma.

Here we don't have a strong level of short gamma, okay. An insurance shop, the classic Jack's convention, okay, rest on one assumption. The market maker is always long calls and always short puts.

Summing all the contacts it even looks true but levels are drawn strike by strike and the records tell a different stories, okay. So, calls above the price, bought calls below the price, sold puts below the price, okay, bought

puts below the price. This is the This is the the the the show, okay.

Above the price the call are sold. The opposite side to the classic assumption exactly where the convention draw. It's called war. Whoever start from the assumption drew levels with the wrong thing where it matter most. We don't assume, we count, okay? The last thing

our is a different game. In the last hour, we have the major move, okay, of the the the option expiring today, okay?

Official open interest is a yesterday evening photo. Our moves with the session. We calculate also the open interest the live open interest, okay, with a proprietary, okay, calculation, okay? Open interest the concrete actually standing each strike is published is published at once a day. It

is a photograph of the previous evening. But other than on the same day expires, okay, it is during the session that the book is born and dies. By 10:00 a.m.

there are positions that did not exist last night, and by midday part of the morning book has already been unwound.

On the platform, you get the live open interest up to date through the session, strike by strike, next to the official morning photo. See you So, you see at a glance how much every level has grown or empty, okay? One in two one relevant

level in two major, okay, of one 1,000 contract in the market reach the closed change by at least 25% and 42% change by at least half. If you're trading off the morning photo, by the afternoon you're looking at something at something else,

okay? 70% of a typical day at the close day expired book count 70% more contract than the morning photo.

Median over 164 session, okay? And other data. So, to understand for to understand you that the open interest that you use at the beginning of the day is not valuable, okay? Cuz during the day, okay, every level change in a

significant way. Okay? A A curiosity, okay? When it arrives the public sell, when it fall, they buy, okay? But But this is a This is a curiosity more than operational follow, okay? For June, we have minute level data and we see that

that happen in 21 session out of 22 22, okay? That when market is is is rising, okay?

Customer little customer sell the market, okay? And vice versa. On the platform, you get every level, but they come in two families, okay?

After we we see in the platform the two families. Most traded calls, most traded puts, round numbers, price reference.

You want them whole and we have them whole. One click to plot. But with us, every level is called by its name because the two families are not related.

Structural levels, okay? Born from the market maker real position, okay? Who is behind an operator force to edge, okay?

Where they come, okay? An entire literature has been written on this mechanism. The market maker's poison weight on the index, breaker or accelerator. These are the books levels, gamma levels, strike position per strike position. Drawing them requires the real

position and the real position lie only in the record. Conventional levels, born from the market attention. Who is behind it? The market share a bit, where they come from, delta volume, most traded call and put strike, round numbers,

legitimate levels, and we plot them, too. References that market knows and used by convention. They simply belong to a different family. They are not born from the market maker aging theory. The difference comes down to one question at

level. Is that someone that market maker will probably ask them to something or is it a reference the market used by convention? In the first case, there is a structure forcing someone to move. In the second, is a convention. We give you

both families. Always keep distinct, so you know what kind of level you are looking at.

They are pieces different of information, and with us they carry different names. Okay, I finished.

Andrea? Awesome. Uh people loved comparisons and all of the data formation. Guys, if you have any questions at all over what we've seen today, please let us know in the chat.

Uh in the meantime, we have some questions already, I think. Um Uh people so happy they can get This is Yeah, this is the This is the idea, Anish. You're going to have everything under one chart, so you don't need to

have uh Greeks on one chart and, you know, the price chart on the other.

Here, you can get everything on the same chart. That's the cool part. Um Will I still need to include third-party platforms after buying Deep Gamma? What I mean this is, does Deep Gamma come with all the option flow information

needed? Well, um you get most of the stuff that you get with Gamma Exposure, okay? There are some studies that we're still developing like the charm and, you know, all that stuff, but everything that relates to Gamma is available on Deep Gamma.

[clears throat] You don't know which company or person buys or sells unless you pay 50 25K a year. Uh we don't pay 25K a year, we pay 25K a month. So Yeah.

That's why. And we don't charge extra for the classic version, we charge only for that version.

When does NQ data comes? Do you guys know what how to answer this, Antonio or Rodolfo? They ask about NQ, NDX QQQ.

And how does that work? NQ We get the license to display the the data that we display in the platform. So, of course, I mean, Rodolfo before said there are two different type of indicator, two different type of group, the

advanced one where we got the real exposition of the market makers available for the SPX. By the way, for the NDX, we still have the cool put wall that you can put in the chart.

If you want to also the let's say the the the classic jacks with the gamma per volume, the zero gamma, this kind of stuff. So, that is available.

Okay. Um So, yes, to answer your question, yes, we do have relevant NDX data, the put the put wall, the call wall, the zero gamma.

Um Yeah, all of that will come. They ask if and for NQ, we're going to also have the the delta. So, the deep gamma delta, the deep gamma volume.

No, at the moment because, I mean, by the volume potentially it may also be possible.

And I think that maybe we also have for NDX now, but but the delta now because for a delta of course we need to understand the open and close. We are trying to build some algorithm to try to detect,

okay, also that I mean, even if we don't have the real data, but they are still in progress because it is not easy.

Also because now I don't remember the exact percentile, but really a lot of the of the trade are done at the money sale are executed between the bid and the ask. So it is both difficult to detect to understand the aggressor side

and also of course it is not said which type of customer it is so if it is a market maker this kind of stuff. So for the index there are two different type of let's say not problem but kind of

problem that is not that the reason why it is not so easy. And what is that so easy just protect the aggressor side and that's why it is of course they don't provide the information that we have on the

CBOE. So that is the reason why it is not available at the moment. We are we are trying to understand if it is possible to build some algorithm but yeah I mean we we don't have any answer at the moment for it.

Okay, let's see. But the guy but the guys remember remember the only way to see which way the market maker are positioned okay is only the structural levels way okay from the real data of CBOE and this is possible

only for the SPX for the moment okay cuz SPX have the all the the the the traded option are there.

Okay in the CBOE market. Remember this okay. All the other levels you are conventional levels or assumed level calculated levels that you don't know the truth.

How how how much is true that level that you are seeing in the market? When you when you take when you look at the order flow okay is like to look at the SPX level of deep gamma is the same thing

cuz the Z all that is real data. Okay, when you see at all the other levels, okay, are okay, okay, the conventional levels cuz the volume of the put wall or the call wall, okay, is is a real level, but the

gamma levels that you see, okay, there is not SPX from CBOE. It's all derived levels, assumed level. I mean the cal- Yeah, sorry. If I can share the screen, I can show them because I saw there are some questions. So, maybe if you can

please stop your sharing, I can share my PC. Uh so, maybe it is easier for them to understand what's uh going on.

Okay. I think that you should be able to see. Yeah, so now as you see here, okay, let's start from the SPX.

So, one thing that I don't know if you mentioned yesterday, so the year on the platform, okay, we added a new chart name option chart. Once you open, it preloads some some indicators.

And as you can see here, okay, we have the SPX convert to the S future.

What it means is that the pricing that we are seeing here is not coming is not the one, okay, of the of the underlying, but it is the one that we see on the future. The reason why we're doing it it

is because potentially you may also, okay, if you want, apply some footprint volume profile and this kind of stuff and directly see it on the chart. And it may also make easier for you if you want to let's say do a kind of analysis, plot

some level, and then bring the same level in your trigger chart. So, the the level that you're seeing here is directly the one that you see on the future. As you see here, okay, we have Now, let me open the indicators,

and let's go on the deep gamma list of indicators that we have. As you see, we have some list of this indicator, which is with the 3D, okay, and other which are not.

The indicator which are available on the advanced version, okay, and which are also available for SPX, NDX, QQQ, and SPY are the following one.

Um, they are option expected move because, of course, the expected move it is a kind of just based on the pricing of the option, okay? The pricing of the option, let's say, has inside which is expected move from the dealer, in which

way we can have played, and it doesn't matter, in this case, the market maker's position. It's just a kind of calculation.

Then we have the option profile, where on the option profile, now let me quickly open it, okay? You can see these two different type of level, the volumes, which is just a simple call and put wall, and it is what you are seeing

here on the right, so the sum of the call and put wall, and then it is up to you, okay? If you want to set to see only one expiration, uh, if you want to see multiple expirations, this kind of stuff, so you can start to

say, "Okay, I want to see only the DTD, or I want to see DTD plus one day, or the expiration close to the weekly, close to the monthly, pre-month, and this kind of stuff." And here, as you can see, as value that you can put plot,

sorry, in your profile, there is volume. So, the call and put wall. Then there is the open interest based on the end of day, which is different compared what Rodolfo was saying before on real time and they will show you later, okay? So,

based on the end of day value that of course the it is available on the chain, there is the open interest and you can so if you want also see the open interest and then there is the gamma volume, okay? Which

is not the real market maker's position, it was the classic one, but Andrea said that it was also used yes big at the beginning and this kind of stuff, which is just you know the volume for the gamma and this is and

this gamma volume make the assumption, even if it is not true, if you can say this way, that the market maker is always buying call and selling call.

So, these three three different let's say input of data, which are available in the profile or that you want or if you want, you can also display, you see, as lines on the chart.

So, we also have here an indicator which is named option level. So, you can say, "Okay, on my chart I want to see, for example, which is for today or potentially you can also put multiple session." Wait a second. So, option

level, you see I see, "Okay, I want to see, for example, uh two session, okay, for two level." Okay, here there is a a typo, by the way. I want to see two session, okay, now here I don't have

that of yesterday because we were doing some test. Anyway, you see so I see, "Okay, I can plot that also in the chart." You see, "This is the highest call volume that I have. This is the smallest one." Potentially you can also

say if you want to see two different level intensity for I can also simply view chart, bring them in the current chart and this kind of stuff, okay?

And then we have also the you see it here, always with this level you can potentially put it also as an envelope.

And as envelope, one second, you see, you can have the uh based always on the classic gamma, okay?

The real gamma, the major gamma, and the minor gamma, which is this three envelope, one, two, the one is more static, and the one that you also maybe you see it on the below. Let me uh remove uh the levels. Okay, you see? And so,

you have the um major gamma, okay? This one, the minor gamma, and the envelope. All these indicators, uh which I showed till now, okay, are already included in the uh alpha, the full version, which is now named advanced version, and they are

available also on the NDX. So, if I go here, okay, and I open the NDX, well, I already have it open. Okay, you see? I can I can get the value, so I can see my volume put. If I want, I can also, of

course, put here the uh option levels, so you see it. Wait a second. This is the gamma based on the classic. Uh if I want, I can put it based on the volume, the ODT, and this kind of stuff, okay? But,

as you can see on the NDX, for example, the jets profile at the end, where the jets profile is the real, let's say, well, gamma profile, rather than one which is based on the market maker exposition, it is empty. And the reason

it is because in order to do uh this data, to to to do uh to plot this data, we need to have the Cboe raw data, which are only available on the SPX. So, you see, here I don't have the jets profile.

And as I don't have the jets, so now let me open again the um all indicators list.

The indicator list, which are available only on the pro. And the reason it is because it is coming from this, by the way, expensive source of data, the all source, and this kind of stuff.

And it's all available on the SPX. These indicators are the option big flow, the option delta, these three, so all the one based on the jets of the heat map levels and profile, and the uh option volume. All these indicators

are part of the pro version and it is part and it's only available on the SPX. So, what are these indicators doing, of course? So, here if I go for example on the option jack profile, wait a second.

So, you also answer some questions that I saw before. You get two different or four different types of tools. Jack, Jack split which is the same of the Jack but it is split between call and put, okay? The market maker data, so it is

like a kind of delta profile but of the market maker. So, I mean, if let's say that you don't want to multiply it for the gamma to see how much you let's say based on for the hedge but you just want

to see, okay, where the market maker are exposed. You can potentially also have You can also see the Sorry, you can also get the exposure of the market maker.

And then we have the open interest at the which is mean that it is calculated on real time. Now, let me wait a second, start a replay.

I will build the data. Let me go back. So, I also answer some questions that they were asking if they can replay. Yes, I mean, you can.

It will be available the moment I mean, we the replay with the deep historical will be available only on the SPX and it until until we start to, you know, and then for the index the they say the historical are now

building. So, it will be it will be possible to replay but at the moment we don't have the depth, okay, of historical that you can do as we have, okay, for the SPX. So, now let me open the ES. Let me do set here.

It's building the chart. Just one thing, the option data are not so, I mean, they are a little bit heavy, okay? So, it may take some time but of course you don't need to open one year of tick by tick with the option

once you get the last days to see the pull up with all of today or any case of yesterday, you are okay.

Okay, so now as you see now I have opened. Okay, I I am went to the 17th of June. As you can see all my data have been have been loaded and here as you see okay I have the different data.

Now let me add also this what I want want to show you. Uh one second. So option level, I change this level and I want to see based No, I made a mistake. So one second. Deep gamma option delta level. I want to see for

the open interest but calculated in a real time for the VOT and I want to see okay, let me put the level for example.

Okay, you see that and then let me add also this profile. I duplicate. I put it 1 2 3 4 is fine. Open interest.

Uh if you want okay, on the profile you can also for example you see see the rolling values. So you want to see okay, I want to see the the profile where it was 15 minutes Yeah, 30 50 minutes before, 30 minutes

before and this kind of stuff. Okay, so all these things potentially are possible. Until this loading, I also answer other question that is also in our Discord chat. So in order to get the data, you don't need to purchase any other let's

say market data and this kind of stuff. So it is everything is included and you don't also need any third party because as we said, we built our let's say kind of calculate not kind but we have we are

doing all the calculation internally in our side. So you don't need any third party solution or platform and you don't also need any third or add-on for the market that means kind of stuff. Of course, if you pick up for

the option for your future, you need to get the market data, but for the option, you don't need. So, with the price that you're paying, okay, you're getting all the data and and everything.

Mhm, wait a second. I want to show you one thing, but I think Yeah?

Can upgrade to pro from the user area now, if it's all good? Yeah, yeah, yeah. There is only a small bug that we are standing. I mean, not standing, but let's say that it's partial and early subscription like I remember.

And then you also purchase another year like you did the diploma is. So, you have like 2 years with just one order.

Maybe the amount of money currently calculated. Uh but if it's not the case or you just have like one order like your last 3 months and this kind of stuff, you can upgrade. For the upgrade, the Let me end

here then I will say explain a bit how it works that way because there are two different options. And so, maybe the people uh will like to to to understand that. So, you see here on the right, I also have the

um I also have I I was saying yeah, the the call and put based on the open interest calculated in real time. So, as you see here, for example, here I have, okay, this call wall and also here I

have this uh put wall. I also put now the level which I you see telling me where they are. So, until now, if I start the replay, you will see that the price, the sorry, the profile will start to change. And in case, the level

will also, okay, uh you see for example now, maybe this this value become uh higher. So, now here it tell me that my stronger stronger put wall is here. And then I have in case a cool wall here. Here it

is, of course, the heat map of the jack, so it tell me that here the uh there is a negative gamma. Okay, and this kind of stuff. So, as you see, and of course uh as we have you know the replay, you can also, if

you want, to make back testing. Okay, so you can do back testing, you can do whatever you want, and all this kind of stuff.

As I said also before, let's say that uh you also want to see your uh daily volume profile, you can also add uh uh pa pa pa the profile. So, it loads here.

While it's loading, uh until just uh yeah, the refresh time, so the refresh time is of 1 minute. I mean, 1 60 70 seconds, not but what I mean, between let's say between a minute and a minute and a half. So, as you see,

okay, on the same chart that they have the of option, I can also have my um my volume profile. If you want, I can put a footprint. Of course, I can also uh draw levels, okay, on the chart, and

then I can uh report it in another chart, because you know that we also have this feature. So, let's say that I have this some levels from here interesting, I can do then uh uh drawing from our chart. So, you see

this one with the uh SPX. So, you see I have my rectangle here. So, I mean, it works as a normal chart, but with uh all the indicators of [clears throat] of uh of the option.

The last thing uh that I want to show that Andrea already showed it before, just to add the list of the indicators that we have, okay. It is also possible to apply the option volume and option delta.

And in case, if you want, you can calculate based on the number of the contract or based on the premium. Okay, so it is up to you. It is really customizable, because I mean, yeah, I mean, we are kind of plotting all the

data that uh you may be interested in case, to analyze and to understand uh how how to how to use them.

So, if we go here, option delta that you see, you can put it base also here all expiration in case for the contract, for the premium, the cumulative. In case try to revert, okay, so this kind of stuff,

cumulative, and so on. And then Yeah, and then we have in case the mhm the option big flow, which is kind of similar to the uh let's say the idea would be similar to the big trade, where you can see what

the market I mean or better uh which kind of big flow, so if there was a strong buy to open, a sell to open, this kind of stuff uh on on the market which strike and this kind of and see So, for example, you see

say, "Okay, here for example, there was a a strong sell to open of 1 million at 55 uh 100,000." This kind of stuff.

So, I don't know if you have any question about the indicators you want you would like to to see now.

Uh otherwise, we ask the last question about upgrades, when will be available and so on.

Um so, they ask about a net gex. I'm not sure what they mean with net gex.

I think what it is like the total the the total of the we should have it I don't remember exactly where, but we should have it. I will I mean we will be sure that we have it for when it will be

released. Can we have a screen? Uh you can read the the questions, yes. Yeah, I mean I have the chat open.

Yeah. Yeah, I mean the SPX and then the X level in at the same time is a bit tricky because it's not said that uh it's not said that the the Nasdaq moves exactly as the S.

Mhm. So, I mean potentially also maybe yes, I mean, but uh yeah, I don't think really. I mean, what in case you can do, you can of course even if you trade the NASDAQ is there a correlation, you can watch the

the levels on the SPX which are reliable, let's say, okay? And then I mean, if a level if uh uh the NASDAQ is coming close to a level and the SPX is also coming close to a level at the same time, you mean okay,

maybe maybe like this, but kind of overlap, I'm not so sure it really makes sense.

Mhm. Okay, yeah. Uh one thing I also saw yesterday, I mean, it's not a topic, but uh since there is a question I ask regarding deep dome, uh the only reason why deep dome is still beta it is because as you maybe know,

okay, uh there is a real bug on this feed where sometime like the bid-ask value is are not correct. So, that's the only thing which are preventing us to move it to stay to stable. Uh but apart of that which is not like actually

really depending from us, the platform is fully working, okay? And just one other thing that I read in the chat yesterday also we saying, but maybe there was some misunderstanding, you can perfectly run the latest deep chart stable which is now which is out, okay?

And the deep dome in beta. So, there is no I mean, you don't need I mean, you don't have this kind of problem. So, once the platform are both latest version, okay? You can run them at the same time and use of course same

connection. So, you don't have this kind of uh uh problem. Mhm. Okay. Now, the convexity ladder is not available at the moment, but I mean, it is just guys, just understand that this is all kind of first version, okay? So,

I mean it is as we also enhance the platform, we will also enhance some studies. So, I mean we will of course do other things and so on.

Yeah, regarding the stocks, we will check. I not I don't have an answer to be honest with you. now, so yeah.

[clears throat] I don't have an answer. The gamma profile updates, intraday, yes, it updates every minute. Of course, it is up to you. I mean, you can decide to see a gamma profile based on the open interest end of day. So, of course, it

will just update at the end of the day or better yeah, at the end of the day beginning of the session. Or you can also see it in real time. So, I mean based on the total call put volume, it

will update in real time every minute. So, that is possible. Um yeah, off topic since we are here, but it was a really requested feature. So, since we are Wait a second, in the webinar, I want to show you even if it's not related to

Deep Gamma, but I'm sure that you will appreciate it. So, we've done two changes to let's say the trading.

One second. Let me connect. So, we introduced the again the the maximum position per per contract, okay? So, you can now set your max limit quantity and you can enable.

The reason why we removed it in the past is because I mean, we we needed to we needed to do some announcement. Now, it is also working based on your orders, okay? So, it will also work on the

orders. So, now you can set the maximum number of the quantity and it is like fully working. And the other thing that it may be useful, okay, especially if based on which connection you are trading. It is that

Of course, it is a setting that you can set. But, if you enable here chart stop loss quantity mode all server Sorry, all server and client. Let's say that even if I trade on same account, once I put a stop loss

and I take profit from open position, you see here the quantity is all. So, if I'm buying or selling the quantity automatically, okay, update based on my with the set quantity show you show order.

Mhm. Similar, you see. So, if I start to buy, you see the quantity here of the stop and target increase. If I decrease the position, they decrease. Okay, so this were I saw that they were really kind of

two ranked feature. So, we I mean, of course, listen to your feedbacks and we restored the market watch limit and announcing it. And we also introduced the stop all. So, you see here it is a typical it is on client side. Then, we

have some connection where it is on server side. Of course, if it is on client side, if you have a disconnection connection platform shutdown and so on, this order will not be updated. So, you may result in unexpected behavior. But, once

everything is fine and fine, you can use it. Okay. Mac, we are working on it.

So, it is expected for the within the end of the year. Most probably early last quarter of the year. Okay, so we are we are on it for the for the Mac.

Yeah, then when the gamma will be available? So, luckily we are we still we are still waiting the last access from the Cboe because they are a little bit slow. But, everything is ready. We have everything ready. So, I mean, we

will most probably release it on Thursday based on the schedule they give us between Thursday between Thursday and Friday. But, I mean, it may also be earlier in case. By the way, conservative it is on Friday.

So, for sure within the next within the next week you will get access. Okay, So, this is the estimation.

Then, last thing regarding the upgrade, now I cannot log in because otherwise I would show all the licenses and so on.

But, once you are in the personal area, okay, you can you can upgrade. Let me open a chart in the meantime. So, if you have any question I can answer. So, you can upgrade and you have two possibility to

upgrade. Let's say that for example you purchased an early subscription on November when we did the launch, okay?

And so, it means that you already used the like 70 7 months and you're missing 5.

Antonio, we are we are we are seeing your chart again. Are you Yeah, yeah. I mean, I don't want I cannot I mean, I don't have any active license to share that, so I cannot show the dashboard. I'm just explaining.

Um so, yeah. What we were saying, you can from the personal area, there is once you will go in your subscription page, there will be an upgrade button, okay?

And clicking the upgrade, you will have to choose between the same two different things.

One it is, as we said, let's let's assume that you purchased an early subscription on November. It means that you already used 7 months and 5 months are missing. You can decide to convert the current period remaining of your

subscription, so the last 5 months, from the advanced version for a pro version. So, what it will happen it is that you will pay, of course, the remaining price and it will be discounted let's say this the price I think that you would have

paid for the same period. And in that case your advanced license will be disabled and you will get upgraded and your expiration will still be on November.

Let's say instead that you say, "No, I mean, I like the promo. I like the promo and you want to purchase an early subscription again, but I already purchased it on November." What you you do it is, "Okay, I want to

buy a fully yearly subscription and what it will happen it is that the remaining time of the 5 month of your old license will be discounted. But in this case, you will pay a full, let's say, uh pro only subscription.

Discounted what you your unused time of your advanced set with, of course, the discount. And in this case, your new expiration will be at the end of July 2027. Okay, so when you upgrade your this different possibilities. I hope that I've been

clear. Uh in case let me know if I mean if it is not. No, Victor lifetime you don't lose. So, I mean what also Victor, I mean the Victor lifetime can be used with any Victor license which can be the order

flow, uh advanced set or pro, okay? And you will not lose uh because let's say that now I don't remember uh the exact pricing but in that the Victor add-on was 299. So, let's say that you purchased 1,000 but you know it was not

1,000. Which and the 1,000 was split between 700 for Victor and 299 300 for Victor, you will get a discount only on the 700.

Okay, so your Victor add-on will not be discounted of course because it's a different product. And for this reason, you don't lose any assets. So, you can upgrade it will just be taken the amount that you paid related for Victor that

will be discounted and your Victor license will be replaced. Uh if you have a full subscription, I mean if you have a full which is now advanced set as a So, let me since uh So, let me write here, okay? So,

envelope uh you have on advanced set, expected move you get on advanced set, option level you get on advanced set, option profile you get on advanced set.

On the pro, you have big flow, option delta, all these three which are of course based on the real market maker exposition and this one. Okay, so this is the maybe I should have used another color but you can read the A and the B.

Yeah guys, I also see some features request. As you know, we have channel on Discord where you can write your deep chart feature request. Write them write them there. Then as you see I mean we really watch that and and when

we can and based of course of of course with our pipeline, we try to introduce them.

Yeah, one question here is also depending to the stocks sorry to the option regarding the stocks. Yes, we support stocks. So what you can do, you can purchase through the X-Feed the CTA UTP feed which is the consolidated feed

because I mean the the question about the stocks is a little bit tricky because you know, I mean I don't want to spend time with it because maybe it's not the topic but you know, the same stock is quoted on

different exchange so maybe Apple can be quoted on Nasdaq of course but also on Nasdaq but this kind of stuff. So if you get only the the the if you purchase subscription to only one exchange, you get unlimited view of the

volume which are exchanged for that stocks. So maybe you may not be correct. But the X-Feed offer the CTA UTP feed which cost like I think 49 or 39 I don't I don't remember now. Maybe 49 49 per per

month and with that one, okay, you get for the single stock the data from all the exchanges and so you get the full view.

So yes, we support and you can you can you can open Tesla, Intel, Apple and whatever it is.

Yeah, I also see this question. Can we see level like zero gamma, blah, blah, this kind of stuff? Yes, of course. I mean, I mean, maybe each platform can make it different, but this is the value that there are, okay? So, you can see

the zero gamma, the positive gamma, the negative gamma based on the classic one. Then, if you want, you can see the put wall here, the put wall. If you want that I just show before, okay? You can apply the indicator. So, you see, okay,

I want to see the option level based on the zero volatility. You see, and so you you see, it it show me call wall, higher intensity, lower intensity, higher intensity, this kind of stuff.

So, I mean, you can see all the all the all the values. I don't get this question.

Yeah, yeah, another question about real time. As I explained, it it everything updates every minute, okay? So, I mean, you get really close to the real time.

Also, because we also done some let's say check it between the one minute update and two minute update, and we noticed that the exposition of the market maker does not change so frequency, okay? So, after I mean, you know,

but So, even if you what what the reason why I'm saying it is don't be worried about the one let's say you have a one minute delay, you can say it this way, because the the exposition does not

change so frequent, okay? So, we get the closest one as possible. We're getting the one minute one, but it's not a problem, because as I said, you don't have this kind of I know it's by you can also see on the level here, okay? I I

got this negative gamma delta level, and you see it is still there. So, I mean, and you see you don't have all these changes on the heatmap.

So yeah. Why do you speak so fast? [laughter] You can make me He's He speaks as fast as he writes code. So, that's good for all of us.

[laughter] Um There's a question from Brian. Uh says, "I bought Deep Trust on day one and Deep Dom on day one, so I have forever. What should I expect to pay for pro and how does it affect my forever Deep Dom

deal?" Well, Deep Dom you have it forever. That's for sure. How much you should expect to pay for the pro? Uh I think you just go to the um user area.

on how much you paid uh before and this kind of stuff. Okay. Yeah, we closed it last week, as I said before, because we are still waiting the last things, but between Thursday and Friday, let's let's hope it will be on

Wednesday. Uh we will You will get the access. Will there be a boot camp? Yes, we will do a educational boot camp here on YouTube itself.

So, the next week uh we're going to have several live sessions. So, stay tuned here on the channel and uh starting I think Monday we're going to start uh we're going to You're going to see uh by the weekend all the the program lessons.

Yeah, I see some of the requests about the fact that if you can like get the net jacks if it is negative or positive numbers and so on. So, uh we will we already do we will for sure

add the a kind of summary on the top left of the chart where you can get this kind of recap and so you can see the let's see the the jacks regime and this kind of stuff. So, yeah.

We will we will add it for for the official release. Okay. I think that So, if you have any other question, guys, we're going to be live here next week.

We're going to also, you know, there's also all of our team available. Um so, feel free to reach out.

Uh thank you, Rodolfo, and thank you, Antonio, for being with us tonight. Thank you, Andrea. Thank you, guys.

Thank you, too, guys. Bye-bye. See you guys next week. Ciao, ciao.