The Put Wall is considered SpotGamma’s major support level, based on current open interest. SpotGamma alerts users when this level is breached, as the stock may find support or mean revert back above this key trading level. The Put Wall Alert will fire on the most heavily-traded options securities.
1. Alert Bell - When an alert fires, users will see the alert bell icon on the top right of the application turn red
2. Put Wall Breached - Additionally, “Put Wall Breached” is displayed on the alert dropdown along with the time the alert was triggered
3. Put Wall Line - You can see the Put Wall key level line across the main viewing pane within HIRO