ClearPath Trader

Option Gamma

Rate of change of delta versus underlying. High gamma means delta (and hedges) can shift quickly near the strike.

Category: Options · Complexity: ★★★☆☆ (3/5)

Tags: options, study-card, price

Study card — educational illustration only (no live overlay in Charts).

Option Gamma chart illustration

Formula

Option Gamma is computed from price, volume, breadth, or macro prints depending on class (Options). See the description for the defining inputs.

How to read

Read Option Gamma as a labeling tool: it describes a condition (trend, stretch, participation, or macro). Confirm with price structure, not the indicator alone. This entry is a study card — not every encyclopedia model has a live chart overlay.

Limitations

Option Gamma can lag, repaint (some drawings), or stay extreme in trends. It is not financial advice and not a broker signal.

Typical settings

Use the author's original defaults first; change one parameter at a time.

Option Gamma is part of the ClearPath Encyclopedia of Indicators — 190 models explained with standard SVG illustrations, so you can study an indicator before you put it on a live chart.

Browse the full indicator directory →