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Options flow and GEX: reading SPX context to trade ES and NQ

Module 05 · 5 · The two regimes and your order flowLesson 19 of 319 min🔒 Students only

Gamma Bands and Expected Move: the geometry of risk by regime

Two DeepGamma tools turn the regime into distances. They do not give entries; they give a scale for your stops and targets, and that is what traders who move from one regime to the next with the same settings lack the most.

The Gamma Bands

The Gamma Bands are session bounds derived from gamma exposure: inside them, the market makers' hedging absorbs the move; outside, it pushes it. They look like volatility bands. They are not: they do not measure the standard deviation of price, they mark where the hedging flow changes nature.

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The rest of this lesson is for students

Also in this lesson
  • The Expected Move
  • Combining the two with the regime

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→ Quiz: the regimes and your order flow