OptionsDepth

⚠️ Options aren’t supposed to be this confusing. Most of what’s out there is either wrong—or way too complex. We’re fixing that. 🎥 OptionsDepth 101 Series From the basics to market maker hedging — clear, powerful, and no BS. This will rewire how you see the market. Episodes drop here every week until the end of the series. 📺 Full videos also on YouTube → /@ OptionsDepth Our website /knowledge-base 👇 Start here:

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Pin and Flow w/ @JoeyGEX x.com/i/broadcasts/1…

We will be hosting another livestream today at 1P EST. Going over dealer positioning, gamma, charm and answering your questions. Live on X and inside our discord discord.gg/Jf8STPEq

🚨 Your 10-Second $SPX Market Recap 🚨 Powered by OptionsDepth

Pin and Flow w/ @JoeyGEX (3/18/26) x.com/i/broadcasts/1…

🚨 Your 10-Second $SPX Market Recap 🚨 Powered by OptionsDepth

🚨 Pre-Market Overview with Key Levels 🚨 $SPX is currently trading near 6685 in a light negative gamma environment, where market maker hedging may amplify directional moves in either direction. The gamma flip sits at 6750, where gamma transitions from negative to positive — a shift that may slow upside momentum as MM hedging becomes a stabilizing rather than amplifying force. Above that, a moderate gamma peak at 6785 anchors a broader resistance zone extending to 6810, where a dense cluster of customer short calls may cap any sustained advance. To the downside, a broad short put stack spanning 6655 to 6595 — anchored most heavily at 6600 — may provide a meaningful support zone should price move lower. Charm is mildly suppressive at the open, with $SPX sitting below the 6700 charm flip. Reclaiming that level may shift the regime to supportive and provide a tailwind; remaining below it may allow the current headwind to persist through the session.

We get this question a lot. The daily model for Monday becomes available Friday night. But throughout Friday’s session, you can already see it taking shape as positioning builds into the close. Follow the MM exposure heatmap into the close — that’s where the next session starts forming.

$ES OmG gAP UP

@ShivasSnake @sanglucci This is actual positions, not based from OI/volume heuristics

@OptionsDepth @sanglucci This is OI vs volume right?

0DTE $SPX put spread seller doubles his position as we push lower. 9k contracts now on the 6670/6660 spread line.

🚨 Your 10-Second $SPX Market Recap 🚨 Powered by OptionsDepth

It starts with the data. Most platforms use Open Interest — and that's where the fatal flaw begins. OI tells you nothing about direction. Who's long, who's short, customer vs MM? Unknown. It has to be assumed. Those models are called naive for a reason: they assume customers sell calls and buy puts, MMs take the other side. That may have held decades ago — it's a dangerous assumption in today's market. We use a different dataset entirely: exchange-signed, tagged data. Every position is directionally attributed. No assumptions. No ambiguity. That's the foundation everything else is built on.

@OptiScript @OptionsDepth You gamma profile is not the same as @OptionsDepth - if I am not mistaken @OptionsDepth is dealer position- which is more useful but I have not figured out how to use it?

🚨 Your 10-Second $SPX Market Recap 🚨 Powered by OptionsDepth The session was marked by the formation of a well-defined suppressive charm channel into 6670, driven by 0DTE customer put selling

@sbrophy294 Could you please reach out to us at support@optionsdepth.com 😁

@OptionsDepth You strategy looks interesting but...What is up with your odd payment for billing. It only allows payment for February? This is March.

⚠️ Options aren’t supposed to be this confusing. Most of what’s out there is either wrong—or way too complex. We’re fixing that. 🎥 OptionsDepth 101 Series From the basics to market maker hedging — clear, powerful, and no BS. This will rewire how you see the market. Episodes drop here every week until the end of the series. 📺 Full videos also on YouTube → /@ OptionsDepth Our website /knowledge-base 👇 Start here:

Example trade idea: identify the charm regime + the dominant MM long option cluster driving delta decay. Here, charm was suppressive into 6670 and the largest contributor was MM long puts at 6670 → price gravitates toward that node as their delta bleeds. Setup: butterfly centered on 6670. You're positioning for price drift + decay into the close — the structure does the work. Data as of 1PM --> 3 hours prior to the market close

🚨 Pre-Market Overview with Key Levels 🚨 $SPX is currently trading near 6750 in a negative gamma environment, where market maker hedging may amplify directional moves in either direction. The gamma flip sits in the 6815–6840 zone, where gamma transitions from negative to positive — a shift that may slow upside momentum as MM hedging becomes a stabilizing rather than amplifying force. To the downside, near-term support is thin, with no meaningful structure until 6650 — a moderate gamma peak reinforced by a large short put position that may act as the session's primary floor. Charm is mildly suppressive at the open, with $SPX sitting just below the charm flip at 6760–6775. Reclaiming that level may transition the market into a supportive regime and provide a tailwind; a failure to do so may allow the suppressive headwind to persist through the session.

🚨 Your 10-Second $SPX Market Recap 🚨 Powered by OptionsDepth PS: Notice the charm flip

🚨Pre-Market Overview with Key Levels🚨 $SPX is set to open near 6780 in a light negative gamma environment, where market maker hedging may amplify directional moves in either direction. A gamma flip sits near ~6850, where gamma transitions from negative to positive — a shift that may slow upside momentum as MM hedging becomes a stabilizing rather than amplifying force. This level is further reinforced by approximately 3,800 customer short calls, making it the session's most structurally significant pivot near the current spot. To the downside, support structure is notably thin, with no significant positioning until 6660, where nearly 2,400 customer short puts may establish a more substantive floor. Charm is mildly supportive at the open, with $SPX sitting directly on the 6780 charm flip. Above that level charm may provide a tailwind; below it, a headwind.