Dealer positioning
Gamma Desk
Where dealers are pinned: the GEX profile, the flip level, and how the walls have moved.
Stage 2 · confirms, never fires aloneWhat this means for you
Positive — dealers damp the daily range.
Their hedging sells rallies and buys dips, which compresses travel around the pin. It does NOT stop a trend — it describes the shape of today's range. Trade toward the pin rather than away from it, and treat the gamma flip level as the line where this stops being true.
Gamma Heatmap OI-weighted · 1-min
Strong +γ
+γ
Neutral
−γ
Strong −γ
+γ Wall
Spot
−γ Wall
Flip