VolSignals

Market Makers don't manipulate price— we're trapped by our own hedging requirements. When SPX drifts between long and short strikes, our systems start buying and selling futures in ways that create predictable paths. (short thread)

6585 looks to be implied as the pin (so far)

LIVE - retweet and find out what the profile says comes after today's OPEX x.com/i/broadcasts/1…

What Comes Next After OPEX? x.com/i/broadcasts/1…

Youtube Live youtube.com/live/fIqjnqnlI…

Bring on the noob questions WE'RE GOING LIVE

March expiry bullish, bearish or who care-ish? Do we bounce afterwards? Market maker positions tell a clear story about what to expect through the rest of the month.. retweet this I'll tell you what the positions imply on today's TGIF call. (8:15am et - see you there)

@StockNews690137 @ozzy_livin yes I am right- I have the data from the source without ambiguity

@VolSignals @ozzy_livin is he right?

Where are all those “supportive vanna and charm flows”?

@TradeVolatility I don't think this week's positioning was that supportive in this range- what were you seeing to suggest that much support?

Billion of dollars in Charm flows helped keep the market up this week and tomorrow they go away. $SPX

March OPEX targets ~ 6585, else 6625 (upside target)

This is how you know it's legit /s

Index to 0

@AdamDrahos98840 Sounds like a mature way to understand it 🎯

@VolSignals Can I apply it ( gamma and charm hedging lvls ) as " supply&demand " when trading intraday futures using orderflow ? I use referal points like wPOC, weekly high/low, volume profile, VWAP. I see this as potential additonal edge. What do you think sir ?

How do you use hedging data to trade? 1) Use charm to choose direction 2) Use gamma + charm to mark your target 3) Trade it w/ the right structure (butterfly) 4) Use 0DTE positions to know if you still have edge ..do I need to whiteboard it? Paid ~$4.10 ...$7.10 bid

@Chimp_Capital More like “short skew” is becoming “short straddle”

@VolSignals Does this mean the put skew is still elevated to the point of risking more vanna rallies if VIX starts to drip downward?

Skew faded off the highs last week when we moved materially through positions. Today- we see more hedging... straight up put buying, and the index is firmly entrenched in extremely negative gamma territory. 2nd percentile, h/t Charlie McElligott at Nomura

@prpl8 MOAR

@VolSignals not near enough hedges

@based16z They’re late

Seems like the first day ppl starting to admit it’s over

RTM signals for today >> you can imagine I got pretty excited about the fly around 6650 (STRONGEST AFTERNOON LINE printed ~6648) but then immediately the trending boxes lower told me close the tight keep the wide. voila

The reason flies are so attractive is they allow you to buy and sell options, and express a precise view: "I think we'll go lower- through 6675- and stop moving around 6625." You could: 1) Buy a put (this is expensive, risky, fighting decay) 2) Sell a future (straight directional risk) 3) Sell a call (you're short convexity here...) 4) Buy a put fly centered around 6625 ✓ You have a position that uses both the charm data AND the gamma data correctly. Charm bias = down Gamma becomes positive locally = 6625 Charm/gamma implied pin = 6625 Buy the option you expect to go through (6675 Put) Sell the option you expect to go to- but not through (6625 Put) The fly is much cheaper/safer than the put spread, because often you'll *collect* theta in the spread in the middle of the day if you're not too far outside the path that works for the structure. You have a forgiving position, and don't need to babysit it all day, or overtrade your way around it.