Quick $SPX gamma exposure read:
Key GEX levels holding structure. Watching the gamma wall — if we push through, dealer hedging flips and we get momentum. Below support, negative gamma kicks in and vol expands fast.
These levels matter for intraday flow. I'm using them to size my 0DTE strikes and manage delta on weekly spreads. When we sit on a big positive gamma pocket, I fade the extremes. When we're in negative gamma territory, I respect the move and trail stops tighter.
If you're running $SPY or $SPX premium, know where the gamma sits. It's the difference between collecting theta in a tight range and getting run over by dealer hedging flow.
Key GEX levels holding structure. Watching the gamma wall — if we push through, dealer hedging flips and we get momentum. Below support, negative gamma kicks in and vol expands fast.
These levels matter for intraday flow. I'm using them to size my 0DTE strikes and manage delta on weekly spreads. When we sit on a big positive gamma pocket, I fade the extremes. When we're in negative gamma territory, I respect the move and trail stops tighter.
If you're running $SPY or $SPX premium, know where the gamma sits. It's the difference between collecting theta in a tight range and getting run over by dealer hedging flow.