Skip to content
🔍
fren
Intermediatelessons23Total duration2 h 43

Reading gamma on ES with DeepGamma: one session, step by step

Zero Gamma, walls, GEX (MM) and the footprint, read on the October 30, 2026 session

The whole DeepGamma screen explained on a real ES session, from four annotated captures. Options and Greeks in brief, market maker hedging, long and short gamma regimes, GEX and the Zero Gamma, (V) and (MM) sources, 0DTE walls, the SPX to ES conversion, then the case study phase by phase, a reading method and its limits. Gamma sets the scene, order flow pulls the trigger.

Read the free lessonBecome a student

What you will be able to do

  • 01Explain why market maker hedging in ES either slows the price down or speeds it up
  • 02Tell the long gamma regime from the short gamma regime and adapt your scalping to each
  • 03Read every DeepGamma element: Zero Gamma, envelope, ranked levels, heatmap, GEX (MM), H-GEX, 0DTE walls
  • 04Confirm a gamma level in the footprint before acting, and spot the levels where the sources disagree
  • 05Know the limits of GEX and the days when it no longer matters

Who it is for

For those who already read a price chart, an order book and a footprint (volume, delta, absorption) and use or are considering DeepGamma. No prior knowledge of options is required. The Options flow and GEX course goes deeper into the mechanism; this one applies it to the screen, on one session.

Syllabus

Module 01

1 · The mechanics of options

01The core idea: a brake or an accelerator on ESFree preview6 min02Options refresher: call, put, strike, 0DTEStudents only8 min03Delta, gamma, and the two secondary GreeksStudents only9 min04Market makers and delta hedgingStudents only8 min05Quiz: options, Greeks and hedgingStudents only4 min
Module 02

2 · Long gamma versus short gamma

06Long gamma brakes, short gamma acceleratesFree preview9 min07What the regime changes in your book (capture 4)Students only7 min
Module 03

3 · Measuring: GEX and the walls

08GEX: formula, strike profile, Zero GammaStudents only8 min09Three ways to estimate who holds whatStudents only6 min10Local versus global: a green bar is not the regimeStudents only6 min11Call wall and put wall: the session's boundaries (capture 3)Students only7 min12From SPX to ES: the basis and the "odd" levelsStudents only6 min13Quiz: regimes, GEX and wallsStudents only4 min
Module 04

4 · The DeepGamma tools, chart by chart

14The ES chart: eight tools to read (capture 1)Students only10 min15The "SPX → ES" options chart and its labelsStudents only9 min
Module 05

5 · Case study: the ES session of October 30, 2026

16The session in six phases (capture 2)Students only9 min17Why the drop stopped at 7,628Students only7 min18The situation at 4:16 pm and the 7,681 trapStudents only8 min19Quiz: reading the capturesStudents only4 min
Module 06

6 · Method, limits and glossary

20The method step by step: from scene to triggerStudents only10 min21Limits, traps and misconceptionsStudents only8 min22Glossary and sourcesStudents only5 min23Final quiz: the complete methodStudents only5 min
Student access · free

Unlock the full course

It's free: join the Discord, click the Student role, then log in with Discord here to access all courses.

Become a studentAlready a student? Log in with Discord