Trading SPY Options - How We Trade GEX Like Option Dealers
ยท 4 min read
The SPDR S&P 500 ETF Trust (SPY) is the most heavily traded financial instrument on the planet. Its options chain contains trillions of dollars in notional value. Trying to trade SPY options based on moving averages or retail sentiment is like trying to navigate a hurricane with a wet finger.
To consistently succeed in trading SPY options, you must trade like the "smart money." You must trade like an Option Dealer. At Dashboard Options, our entire quantitative framework is built on tracking the one metric that dictates SPY price action: Gamma Exposure (GEX).