## **Data & Updates** ### **Q: How often is the data updated?** **A:** Our system performs a **Real-Time Calculation** based on data feeds that are updated every minute. However, please note that the underlying exchange data (Price, Volume, IV) is subject to a standard industry delay of **15 to 20 minutes**. - **Market Hours:** Auto-refreshes every 20 seconds. - **Daily Snapshot:** Final settlement data is processed at 4:30 PM ET. - **Weekly Anchor:** The Sigma baseline resets every Friday after market close. ### **Q: Why do I see different data here compared to my broker?** **A:** Every platform uses slightly different models for calculating Implied Volatility (IV). Some use Bisector methods, others use Newton-Raphson. **Options GEX** uses a proprietary **"Adaptive Weighting"** model. We filter out deep OTM (Out-of-the-Money) noise and apply a liquidity filter (OI > 5). This makes our Sigma levels tighter and more realistic for trading than raw, unfiltered data. --- ## **Features & Usage** ### **Q: What does "Adaptive IV" mean?** **A:** In a panic, Put IV spikes much higher than Call IV (Skew). A simple average would inflate the Sigma range, making it useless (too wide). Our Adaptive logic takes **75% of the Lower IV and 25% of the Higher IV**. This effectively filters out the "Fear Premium," giving you a Sigma range that reflects the *rational* market expectation, not the *emotional* one. ### **Q: Can I use this for Day Trading?** **A:** Yes. The **Gamma Exposure (GEX)** chart is particularly useful for day trading. - Look for **High Negative Gamma** zones for breakout trades. - Look for **High Positive Gamma** zones for scalp/range trades. However, always execute based on your broker's real-time data, not the delayed analytical feed. ### **Q: Does this work for Earnings?** **A:** Earnings events create "Binary Events" where IV collapses *after* the news. **Warning:** Sigma levels are less reliable *going into* earnings because IV is artificially elevated. However, they are extremely accurate *after* the report is released, helping you identify overreaction tops or bottoms. --- ## **Technical Support** ### **Q: The chart carries over yesterday's data. Is it broken?** **A:** In the pre-market (4:00 AM - 9:30 AM ET), the "Live" data may look sparse because options exchange volume is low. Use the **"PREV CLOSE"** toggle (if available) to view the full structural landscape from the previous session until market liquidity picks up. ### **Q: Is this service free?** **A:** Yes, **Options GEX** is currently 100% free, supported by advertising revenue. We do not sell user data.