3.9.2 Intraday Price Tools

The main chart is our own “Technical-Greek-Trends” overlayed onto the price chart. The Blue and purple lines represent the delta and gamma points respectively. These represent the levels at which the MM is going long (short) delta and gamma respectively. These levels can act as both support and resistance and will often prelude volatility if broken with enough momentum. On the left side of the price chart you’ll see the day’s volume for put/call at each strike level. As the day continues strikes with more interest will become apparent as put and call volume levels increase. On the right side of the price chart, you can see GEX exposure by strike for the day. Green represents a positive gamma environment and red represents a negative gamma environment for those specific strike levels. The larger the bar, the more gamma exposure exists at that strike, positive or negative. Both the amount, and the positive/negative value can change throughout the day based on volume.