236: Gamma Exposure for Options Traders - Interview w/ Lex from Tradier
The Option Alpha Podcast
Kirk Du Plessis
4.8 • 1.2K Ratings
🗓️ 22 October 2025
⏱️ 46 minutes
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| 0:00.0 | Hey, everyone. This Kirk here again at Option Alpha. So welcome back to another podcast episode. |
| 0:04.3 | And this one is actually a podcast episode that we're doing a video on as well because we're talking |
| 0:08.7 | all things, gamma, gamma levels, gamma exposure, how you can use it, what you should look for, |
| 0:13.3 | how you can use it around your trading. |
| 0:25.8 | I've got the perfect guest for you here today. |
| 0:27.1 | That's Lex from Trader. |
| 0:29.1 | I've known Lex for a long time. |
| 0:30.3 | I've talked with Lex. |
| 0:31.7 | I've spoken on stage with Lex. |
| 0:33.3 | I've met him in person many times. |
| 0:35.1 | He is a wealth of information. |
| 0:38.1 | There was nobody else that I thought you could talk to and get this party started with Gam with gamma then lex so we're going to bring him in here and talk about all things gamma today |
| 0:43.3 | and then we'll kind of wrap it up at the end all right buddy we're recording we're on we're on i love it |
| 0:48.8 | we're here all right so listen so i didn't tell you this before we have record but quick little |
| 0:53.0 | story just is like a sidebar for this so we often my wife will not let us get any animals. Okay. So like she's no animals in our house at all. Okay. And I like animals. Like I grew up with cats, dogs, whatever. And so I will often take my kids to the pet store to pet animals that are there. Okay? And so we go there, this is like, I don't know, a couple months ago, we go there and there are these three cats that are there, right? And you could like hold them at the pet store or whatever and like, you know, love up on them. So there's three cats, three different colors. And I was like, what are the cats names? I got three kids. So the lady was like, oh, they're perfect for your kids. I was like, listen, my wife won't let it happen. But I was like, well, what are |
| 1:29.9 | their names? The lady goes, well, this one's Delta. And I go, oh, okay, that's interesting. And she goes, and that one's theta. That's, that's her, the brother. And I said, you are kidding me. And I said, kids, if this other one's name is Vega, we're out of here. We're going to take the cats. |
| 1:42.7 | And she's just going to have to deal with it. Like she's going to have to deal with it. |
| 1:45.7 | And they go, this one's name is gamma and it was a black cat. |
| 1:48.2 | And I'll say, this other one's name is Vega, we're out of here. We're going to take the cats. And she's just going to have to deal with it. |
| 1:44.3 | Like she's going to have to deal with it. |
| 1:45.8 | And they go, this one's name is gamma and it was a black cat. |
| 1:48.2 | And I was like, that's it. We're done. I'm like, I can't. Oh my God. Did she in the options somehow? No, it was just that was the three cats. They were brothers, all brothers. |
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