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GEX (MM), H-GEX and C/P OI (R): DeepCharts' gamma columns against the order book

Module 05 · 5 · The evening: a moving profile and AAA setupsLesson 26 of 328 min🔒 Students only

Setup 2 (AAA): short on the ceiling rejection, 7:37 pm

The 7,624 strike had become the profile's biggest brake (+$2,970M at 7:54 pm), and it was still growing while price climbed toward it. At 7:36 pm, price runs into it with C markers and an MM Pressure divergence. It is a setup from the "fade on a brake" family: market makers, long gamma at this strike, sell the rally, and you trade the rejection with them. The short at 7,622.75 made +1.7R on average. The lesson also shows why the first target goes at the bottom of the red block sitting just below, and not at random.

Student access · free

The rest of this lesson is for students

Also in this lesson
  • The capture
  • The card
  • The grading
  • The ticket
  • Why T1 at the bottom of the red block
  • What would have invalidated it

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→ Counter-example (AA): long on the 7,609 brake, 7:48 pm