What is DEX?

Options deltas can convey information about the sentiment of market participants, which can be used to anticipate price movements in the future. Tradytics has a proprietary delta analysis tool which we call Daily Options Deltas (DEX).

DEX analyzes historical data to find correlations between how daily deltas and price impact each other. Based on that, it gives an expectation of how price might move in the coming days, which can be immensely benefit to both day traders and swing traders.

With a backtesting capability integrated right into the tool, retail traders can build their own strategies, do their own analysis to vet the tool, and add something cool to their arsenal.