Reading gamma on ES with DeepGamma: one session, step by step
Module 05 · 5 · Case study: the ES session of October 30, 2026Lesson 17 of 237 min🔒 Students only
Why the drop stopped at 7,628
In phase C, a directional drop in a full short gamma regime stops dead. That is no accident: four elements stacked on the same zone.
The four elements of the floor
- The 0DTE put wall and the strongest negative level (≈ 7,631), with the largest purple GEX (MM) bar. It is a tipping point: price could bounce there or break through.
- Just below, the positive zone from 7,623 to 7,628: turquoise heatmap band and GEX (MM) + ▼▼ level at 7,626, the strongest real positive level. It served as a cushion.
- The sale of 978 0DTE puts at 3:29 pm: dealers buying ES and positive gamma added around the strike (module 1). Green Deep Gamma Delta spike at 3:31 pm.
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Also in this lesson
- What the two charts brought together
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→ The situation at 4:16 pm and the 7,681 trap