3.9.3 Intraday IV + Greeks

The bottom two charts on the live data screen are net GEX by strike on the left and intraday IV. Starting with the GEX chart we can see the levels at which the MM has positive (negative) gamma exposure at each level. The right chart, intraday IV. The green line is net gamma for the day’s contracts and where the total gamma has accumulated. The yellow line is GEX for the day, so rather than showing NET gamma, it shows the gamma exposure at each strike respectively, instead of NET for the day. The blue line shows NET IV for the day at each level. Typically, IV is higher away from strike and a little lower near strike. As the price approaches certain levels of elevated IV. The call/put volume displayed on the IV chart match the same values as the call/put volume displayed on the price chart, but with the ability to hover and display the actual values.