Endpoints/v1/shadow-gamma/{symbol}

/v1/shadow-gamma/{symbol}

Shadow gamma analysis

GET/v1/shadow-gamma/{symbol}

Returns shadow gamma analysis for the specified symbol. Shadow gamma captures hidden exposure from exotic structures (barrier options, autocallables, variance swaps) that does not appear in standard listed options data but exerts real hedging pressure on the underlying.

Parameters

Path Parameters

Name	Type	Required	Description
symbol	string	Required	Underlying symbol. One of: SPX, SPY, QQQ, IWM, NDX, RUT.

Response

The response data object contains:

gafnumberGamma Amplification Factor. Ratio of total (listed + shadow) gamma to listed gamma alone. Values above 1.0 indicate hidden exposure.

descriptionstringHuman-readable summary of the shadow gamma analysis

Warning

Shadow gamma is estimated from market microstructure signals and is inherently less precise than listed options data. A GAF above 1.5 suggests significant hidden exposure that may cause unexpected volatility at key levels.

/v1/shadow-gamma/{symbol}

Shadow gamma analysis

GET/v1/shadow-gamma/{symbol}

Name

Type

Required

Description

symbol

string

Required

Underlying symbol. One of: SPX, SPY, QQQ, IWM, NDX, RUT.

Response

The response data object contains:

gafnumberGamma Amplification Factor. Ratio of total (listed + shadow) gamma to listed gamma alone. Values above 1.0 indicate hidden exposure.

descriptionstringHuman-readable summary of the shadow gamma analysis

Warning

/v1/shadow-gamma/{symbol}

Parameters

Path Parameters

Response

Preparing market intelligence.

/v1/shadow-gamma/{symbol}

Parameters

Path Parameters

Response