The daily positioning read
We track dealer gamma and positioning through our partners at OptionsDepth. It tells you two things: where price is likely to react, and how fast it moves once it leaves a level.
The two regimes
- Positive gamma
- — dealer flow dampens the move. Ranges hold, levels get respected, reversion works. Stars off a level are higher probability and you get more time to fill.
- Negative gamma
- — dealer flow accelerates the move. Levels break, trends extend, reversion gets punished. Entries and exits have to be fast and size comes down.
Where to find it
The daily read is posted in #daily-positioning every session, broken down in plain language.
Gamma and charm heatmaps go in #dealer-heatmaps.
IF THE CHARTS LOOK CONFUSING
Don’t worry about it. That’s what the daily breakdown is for.