Learn the levels
Short, honest explanations of what Zero Gamma, the Call Wall, the Put Wall and gamma exposure are, where they come from and how traders read them.
What is Zero Gamma?The price level where the options market stops leaning against moves and starts pushing them. Also called the gamma flip.Call Wall vs Put WallTwo strikes where dealer hedging concentrates: the likely ceiling and the likely floor of the session.Gamma exposure (GEX), explainedHow the hedging of options market makers becomes a force on the index, and how to read the levels that come out of it.How to get GEX levels on TradingViewTradingView charts price. Gamma levels come from the option chain, which Pine cannot read. Here is what that means in practice, and what it takes to get the levels onto your chart.GEX levels for futures: ES, NQ and RTYThe levels are computed on the index option chain and then expressed in futures prices. Here is how that conversion works, and what is different about reading the levels on a futures chart.
Descriptive material about options positioning. It is not a recommendation or investment advice. GexVision data is ~15 minutes delayed.