Research & Market Analysis

Data-Driven Insights from 678+ Million Options Records

Our research division transforms massive datasets into actionable market intelligence. Every study, analysis, and insight is grounded in systematic examination of historical patterns and quantified market behavior.


Featured Research

Understanding Gamma Exposure: A Systematic Approach

Published: August 2025

An in-depth analysis of how gamma exposure drives market movements, based on comprehensive examination of 50+ million gamma-related options transactions. This study reveals the mechanics behind institutional hedging and its predictable impact on price action.

Key Findings:

  • Gamma walls create predictable support/resistance levels 87% of the time
  • High GEX periods correlate with reduced volatility in 73% of cases
  • Options expiration effects can be quantified 3 days in advance

Read Full Study →


Volatility Patterns Across Market Cycles

Published: July 2025

A comprehensive examination of implied volatility behavior during bull markets, bear markets, and sideways trading periods. Analysis includes over 200 million volatility data points across 15 years of market history.

Key Insights:

  • IV expansion patterns follow predictable timelines
  • Sector rotation affects volatility skew systematically
  • Mean reversion opportunities can be identified statistically

Download Research →


The Options Flow Anomaly Effect

Published: June 2025

Investigation into unusual options activity and its correlation with subsequent price movements. Based on analysis of 150+ million options transactions flagged as anomalous volume or open interest.

Research Highlights:

  • Large options transactions predict price movement 64% of the time
  • Call/put ratios provide 5-day forward insight
  • Institutional flow patterns reveal positioning changes

Access Study →


Research Categories

Market Structure Studies

Gamma Exposure Analysis

  • Real-time GEX calculation methodologies
  • Historical gamma impact on price discovery
  • Institutional hedging pattern recognition
  • Market maker positioning analysis

Volatility Research

  • Implied vs. realized volatility studies
  • Term structure analysis across expirations
  • Volatility skew pattern identification
  • Mean reversion timing optimization

Options Flow Intelligence

  • Unusual activity detection algorithms
  • Volume and open interest anomalies
  • Cross-market flow correlation studies
  • Institutional vs. retail flow patterns

Trading Strategy Research

Systematic Approach Validation

  • Backtesting methodologies and results
  • Risk-adjusted return analysis
  • Strategy performance across market conditions
  • Position sizing optimization studies

Risk Management Frameworks

  • Maximum drawdown mitigation techniques
  • Portfolio correlation analysis
  • Sector concentration risk studies
  • Black swan event preparation strategies

Performance Analytics

  • Win rate optimization techniques
  • Risk/reward ratio improvement methods
  • Trade timing and execution studies
  • Market condition adaptation strategies

Current Research Projects

Project Alpha: Real-Time Sentiment Integration

Status: In Progress

Investigating the correlation between social media sentiment, news flow, and options pricing anomalies. This study examines how modern information flow affects traditional options pricing models.

Expected Completion: September 2025

Project Beta: Machine Learning Pattern Recognition

Status: Development Phase

Developing advanced algorithms to identify subtle patterns in options flow that human analysis might miss. Focus on improving trade setup identification accuracy.

Expected Completion: October 2025

Project Gamma: Cross-Asset Correlation Studies

Status: Data Collection

Comprehensive analysis of how equity options behavior correlates with bond, commodity, and currency markets. Goal is to develop multi-asset trading signals.

Expected Completion: November 2025


Research Methodology

Data Collection Standards

Our research is built on rigorous data collection and analysis standards:

Data Sources:

  • Every major US options exchange
  • Real-time and historical price feeds
  • Volume and open interest databases
  • Corporate actions and dividend adjustments

Quality Controls:

  • Multi-source verification of all data points
  • Automated anomaly detection and correction
  • Regular audits of historical accuracy
  • Continuous data integrity monitoring

Analysis Framework

Statistical Rigor:

  • Minimum sample sizes for reliable conclusions
  • Multiple timeframe validation
  • Out-of-sample testing requirements
  • Confidence interval reporting

Backtesting Standards:

  • Walk-forward analysis methodology
  • Transaction cost inclusion
  • Slippage and execution assumptions
  • Survivorship bias elimination

Peer Review Process:

  • Internal methodology validation
  • External statistical review
  • Reproducibility testing
  • Documentation standards

Research Publications

White Papers

"The Institutional Options Advantage: Democratizing Wall Street Analytics"

40 pages | Published August 2025

A comprehensive examination of how institutional traders use advanced options analytics and how these same techniques can be applied by individual traders.

Download PDF →

"Quantifying Options Risk: Beyond Greeks"

28 pages | Published July 2025

Advanced risk management techniques that go beyond traditional Greeks analysis, incorporating real-world trading scenarios and portfolio-level risk assessment.

Download PDF →

"Market Microstructure and Options Pricing Efficiency"

35 pages | Published June 2025

Deep dive into how options markets function at the microstructure level and how pricing inefficiencies can be systematically identified and exploited.

Download PDF →

Market Analysis Reports

Weekly Gamma Exposure Reports

Updated every Monday with comprehensive analysis of market-wide gamma positioning and its implications for the trading week ahead.

Recent Reports:

  • "GEX Levels Point to Range-Bound Week" - August 19, 2025
  • "Unusual Gamma Concentration in Tech Sector" - August 12, 2025
  • "Post-FOMC Gamma Realignment Analysis" - August 5, 2025

View All Reports →

Monthly Volatility Outlook

In-depth analysis of implied volatility trends, term structure changes, and volatility trading opportunities.

Recent Publications:

  • "September Volatility: Historical Patterns and Current Setup" - August 2025
  • "Summer Doldrums: Low Vol Environment Analysis" - July 2025
  • "Earnings Season Volatility Patterns" - June 2025

Access Archive →


Educational Research Series

"Understanding Options: A Data-Driven Approach"

A comprehensive educational series that explains options concepts through actual market data and historical examples.

Part 1: Options Basics Through Real Market Examples

15 pages | Beginner Level

Learn options fundamentals using actual trade examples from our database, showing how theoretical concepts play out in real markets.

Part 2: The Greeks in Practice

22 pages | Intermediate Level

Beyond textbook explanations, see how Delta, Gamma, Theta, and Vega behave in actual trading scenarios with historical validation.

Part 3: Advanced Strategies with Historical Performance

31 pages | Advanced Level

Complex options strategies analyzed through years of historical performance data, showing when they work and when they don't.

Download Complete Series →


Research Tools & Calculators

Interactive Research Tools

Historical Volatility Analyzer

Input any stock symbol and analyze historical volatility patterns across different timeframes and market conditions.

Launch Tool →

Options Flow Scanner

Search our database of historical options transactions to find patterns similar to current market conditions.

Access Scanner →

Gamma Exposure Calculator

Calculate real-time and historical gamma exposure levels for individual stocks or market-wide analysis.

Use Calculator →

Strategy Backtester

Test options trading strategies against historical data with comprehensive performance analytics.

Start Backtesting →


Research Collaboration

Academic Partnerships

We collaborate with leading academic institutions to advance options trading research:

  • Partnership with [University Name] Finance Department
  • Research grants for options market microstructure studies
  • Student internship programs in quantitative finance
  • Joint publications in academic journals

Industry Collaboration

Working with industry professionals to validate research findings:

  • Feedback from institutional traders
  • Validation from market makers
  • Input from risk management professionals
  • Collaboration with technology providers

Stay Updated on Our Research

Research Newsletter

"The Systematic Edge" - Weekly research highlights, new findings, and market insights delivered to your inbox.

Research Alerts

Get notified immediately when we publish new studies, white papers, or significant market analysis.

Research Webinars

Monthly presentations of our latest research findings with live Q&A sessions.

Subscribe to all research updates:

Stay at the forefront of systematic options trading research.


Research Team

Dr. [Name], Head of Research

Ph.D. Financial Engineering, [University]

Specializes in options market microstructure and systematic trading strategy development. 15+ years of experience in quantitative finance.

[Name], Senior Quantitative Analyst

M.S. Statistics, [University]

Expert in statistical analysis and machine learning applications to financial markets. Former risk analyst at [Major Bank].

[Name], Data Scientist

M.S. Computer Science, [University]

Develops algorithms for pattern recognition and anomaly detection in large financial datasets. Background in high-frequency trading systems.


Contact Our Research Team

Have questions about our research methodology or findings? Interested in collaboration opportunities?

Research Inquiries: research@modigin.com Data Requests: data@modigin.com Media Inquiries: media@modigin.com

Academic Collaboration: We welcome collaboration with academic researchers, graduate students, and institutions working on options trading and market microstructure research.


Research Ethics & Disclaimer

Research Standards

All research published by Modigin adheres to strict ethical and methodological standards:

  • Transparent methodology disclosure
  • Data source attribution
  • Limitation acknowledgment
  • Conflict of interest disclosure

Important Disclaimer

This research is for educational and informational purposes only. It does not constitute investment advice, trading recommendations, or solicitation to buy or sell any securities.

All trading involves substantial risk of loss. Past performance of strategies does not guarantee future results. Always consult with qualified financial professionals before making investment decisions.


Our research transforms data into knowledge and knowledge into trading success. Explore our findings and join the systematic trading revolution.