Yep. Off hand, tough to say if the premium plan (for GEX data) is worth it, but I'm far more aggressive* than I should be (please, listen to the above warnings about options!), so at times it's helped me avoid theta rot on short term calls when high GEX is limiting price movement, as well as know when to back up the truck/crank up leverage when the stars align (low, or especially negative GEX, coupled with active short+ term uptrend).
Only issue is the data is updated after close, so by the time I can get an idea of what has higher probability of happening next, price is already moving.
If you do any swing trading though, the normal ($90/mo) plan can be quite useful for DPI data as a confirmation indicator.
* Definitely worth it if you're going to play with options aggressively enough to make more than the $1k/quarter or so *after taxes* based on the data, but if you do, you probably already know you want it.
If anyone reading this is unsure, the answer is no, and furthermore, please, please read the warnings above on risk with options... I'll admit I've literally lost count of the number of times I've gained and lost my yearly salary in the last 6 months. I still frankly have no idea what I'm doing, but each time it happens, I've at least learned yet another thing to do or not do. It's probably safe to say most of you would consider me even more insane than TT007, but I at least promise the first indication that I've figured out how to be a consistently competent trader will be a Model S.
For those of you interested in playing with high risk calls, etc (anything <2018 IMO), I'd advise starting with a fixed amount of cash that you consider lost, gone, never coming back, and never, ever replenishing it. That will teach you about capital preservation, especially when you realize how much work it is to recover from a 50%+ loss (hint, it takes a 100%+ gain!) Additionally, I strongly advise avoiding weeklies if you can't day trade. While I've made 70% gains in 5 minutes on a Friday, I've also done the opposite more than enough times to know how fast a weekly call can go from "paid for sqzme!" to "oops, lost a week's work in trading gains..."
Last bit of advice - if you ever wake up one day and $3k of short term calls are suddenly up $20k, do yourself a favor and immediately sell them, and transfer that $20k out to your savings account. I can attest nothing good ever comes from leaving that money in your account until you know what you're doing...
Good point on not participating in weeklies unless one is really comfortable day trading stock. That can be crazy and frustrating enough, but trading short term options is way more intense. I can average a slight gain day trading stock but my short term options game is, well, training I pay for.
Zdriver, do you work a day job and trade? I switch between contact work and day trading and trying to do both simultaneously is pretty bad usually.
