Question 1

What is Theta Vantage?

Accepted Answer

Theta Vantage is a professional options trading analytics platform that provides real-time market data, gamma exposure analysis, max pain calculations, and advanced trading tools for options traders.

Question 2

What is gamma exposure (GEX)?

Accepted Answer

Gamma exposure measures the rate of change in delta for options contracts. It helps identify potential support and resistance levels based on dealer hedging activity and can indicate zones where price acceleration may occur.

Question 3

What is max pain in options trading?

Accepted Answer

Max pain is the strike price where the maximum number of options (both calls and puts) expire worthless, causing the greatest financial loss to option buyers. It is often used to predict where the underlying stock price may gravitate towards at expiration.

Question 4

How does the wheel strategy work?

Accepted Answer

The wheel strategy is an options income strategy that involves selling cash-secured puts to acquire stock at a discount, then selling covered calls against that stock to generate additional income. It is designed for consistent, conservative returns.

Question 5

Do you provide real-time options data?

Accepted Answer

Yes, Theta Vantage provides real-time options chain data, including strikes, expirations, bid/ask prices, volume, open interest, and Greeks for all major stocks and ETFs.

Question 6

What features are included in the Pro plan?

Accepted Answer

The Pro plan includes advanced features like the Strike Selector, Wheel Strategy Analyzer, Greek Exposure Heatmaps, Historical Options Data, Open Interest Change Tracking, and AI-powered analysis tools.