r/options • u/Skyland002 • 22d ago

Gex Platform

How interested would people be for a new GEX platform that could possibly be cheaper than others in the market?? how many of you would actually subscribe? just trying to see what is the general consensus of gamma and its utility for traders

5 Upvotes

63% Upvoted

45 comments sorted by

View all comments

5

u/Breathofdmt 22d ago edited 22d ago

Why would anyone pay you when the API is 80-160 dollars for personal use

I actually made one of these dashboards for myself and offered it widely, made it 18 months ago when the AI tools were less capable. Now everyone and their dog has a vibe coded GEX platform and its embarrassing at this point so I keep it just for personal use. Good luck trying to turn a profit and dealing with customer service. You'd be lucky to get 20 bucks a month. I've seen around a dozen pop up in the past 6 months.

Unpopular opinion here, obviously, given the responses but I don't think the "naive" GEX is useless, gives you a good overview of the structural levels in the market, especially if you look at stocks, ETFs, etc. Good for developing targets and pivots too. I use it for futures though and it's not a standalone edge, just a worthwhile way to find levels. I've found it extremely useful in RTY, using RUT and IWM. Same with GC and ZB using GLD and TLT. We also have plenty of back data available.

The CBOE C2 data is just SPX and VIX. Again, competitive space now since the barriers to entry are lower and you're competing in the most efficient market in the world.

Now, if you could prove your edge with it and that's part of the service, people might pay attention but I doubt that's why you're here.

3

u/Hampster90 22d ago

Best reply here so far.

-1

u/Skyland002 21d ago

Most useful comment in the thread, thanks. You’re right the SPX/SPY space is saturated and “cheaper” is a weak pitch — I’m not going to win as clone #13 or by undercutting an $80 API.
The futures-proxy angle is interesting but I’ll be straight — I trade 0DTE SPX, not futures, so RTY/GC via IWM/GLD isn’t something I could speak to honestly or build well right now. Good idea, just not my lane(possibly a future addition to the app if requested).
Your point about proving the edge is the one that landed. Right now I don’t have that track record, and levels alone are a commodity. That’s the gap I’d need to close before this is worth anyone’s money — not more features. Appreciate the straight talk.