📠

Hallelujah

Real.

Amen

“Be faithful until death, and I will give you the crown of life.” Revelation 2:10

Learn to short, scalp or golf

Cut losers immediately. Add to winners.

“There is time to go long, time to go short and time to go fishing.” - Jesse Livermore

wgmi.

$SPX / $ES_F GEX going into 4/28: Call resistance: 7100 (7000 0DTE) Put support: 6940 (6900 0DTE) Spot ~7165 → sitting right near HVL (0.15%) Total GEX: +2.7B Net GEX: +36M (basically neutral) P/C GEX ~1 → balanced IV 30D: 13.8% → still suppressed In other words: We’re in a balanced → fragile regime Not strong positive gamma, not clean negative gamma = market can pin OR expand depending on flow The edge is NOT the levels themselves. It’s in asking: Where are dealers long/short gamma? Where are participants hedging? If we break → who’s forced to chase? Where does positioning flip from control → pain? This is NOT complete information. It’s just ONE layer. You still need: - price action - order flow - context Be comfortable trading with incomplete info. Then determine: Does this positioning and behavior equal high probability opportunity for me If we lose support → watch for expansion If we stay near HVL → expect chop/pinning Stay reactive, not predictive.

People see “👀 Someone bought $1.5m puts” and instantly think bearish. That’s not how this works. Big orders by themselves don’t tell you the story. That flow could be: • A hedge • Part of a larger position • Just one leg of something way bigger Context is everything. What’s the market doing? Where are we trading? What would make sense here for size to do? You’re never getting full information in this game. Ever. Trading is making decisions with incomplete info and putting yourself in asymmetric scenarios anyway. That’s the edge: • Understanding context • Pairing it with your levels (volume profile, etc.) • Managing risk like it actually matters Order flow can add to the picture — but by itself, it’s just noise. One big order isn’t even close to the full story. Play the probabilities and stay disciplined.

If you come from spot markets (futures) and use volume profile, you’re already thinking in distributions. Options require the same framework—just formalized. The mean becomes theoretical price (time, rates, inputs), and standard deviation becomes volatility—the spread of outcomes. Same game. Deeper layer.

People think options increase risk, when they’re the only instrument that lets you define it precisely—down to the cent, or eliminate it entirely. Options aren’t about symmetric outcomes. They’re about selectively owning the right tail. With multi-leg structures, you’re shaping distributions—not guessing direction.

It’s no wonder some of the greatest traders have competitive/athletic backgrounds or state they train like professional athletes. • Jim Simons • Paul Tudor Jones • Steve Cohen • @markminervini Just to name a few

No trades for me today. Price below prev day RTH VAL, prior low, and even 5D value low looks like breakdown… but from my experience this is not a signal of clean trend. You’re in price discovery: – No agreed value – Thin liquidity – Buyers (mean reversion) vs sellers (continuation) both active – Trapped traders fueling both sides Result (this is why I tend to sit on my hands with this context): high volatility, low directional efficiency. Big deltas and large trades ≠ edge here — just participation in a fight. The real tell: → Acceptance (time + volume) = trend → No acceptance = chop / rotation back toward value Outside value isn’t “go time” by default… it’s a question the market hasn’t answered yet. And it’s best to be patient and allow the market to tell you where it’s accepting and where it’s rejecting.

$ES_F Back inside last week’s value after that large premarket move — auction reset, not a breakout. Gamma still positive → expect dealer pinning unless we break levels. • Spot ~6580 (near HVL 6550, only ~0.15% away) • 0DTE range: 6900–7000 • 1D exp move: ±0.87% → 6879–7000 Positioning: • Net GEX: +36M (balanced, slight pin) • P/C GEX ~1 → symmetric, no strong skew • IV still low (13.8) → no panic bid Takeaway: → Inside value + positive gamma = mean reversion / chop → Only get trend if we escape HVL + break 0DTE walls Don’t chase — fade extremes until proven otherwise.

$ES_F / $SPX GEX map into Quad Witching (3/20): 0DTE (Mon 3/16): – Neg gamma below 6630 – 6600 = key support, 6705 = resistance → Expect 2-sided trade → LVNs + orderflow confirmation = your edge → Fade edges unless acceptance 3/20 (Quad Witching): – Heavy neg GEX stack – 6700–6775 = expansion zone → Break = go with it (don’t fade) → Dealer hedging = momentum fuel → Best day for range expansion plays 3/23 (Post-OPEX): – Positioning clears out → Cleaner auction → Less chop, better follow-through → Shift from scalp → hold runners 3/27: – Mixed gamma regime – ~6750 = pivot → Above = pin/slow grind → Below = faster downside → Trade level to level, not bias

$SPX / $ES_F Spot 6880 sitting 0.15% from HVL (6900) in a positive gamma regime → expect dealer hedging to damp volatility unless we break key levels. Key levels: 🔹 Put support: 6900 (0DTE) / 6940 🔹 Call resistance: 7000 (0DTE) / 7100 Exp move: ±0.87% IV30: 13.85% Above 6900 → pin / grind higher toward 7000 Below 6900 → liquidity opens toward 6879

$SPX / $ES_F GEX Update: Positive gamma regime with spot sitting ~0.15% from HVL → still pinned environment unless 6900 breaks. Call Resistance: 7000 (0DTE) / 7100 Put Support: 6900 (0DTE) / 6940 1D Exp Move: ±0.87% 30D IV: 13.85% (still contained) Net GEX: +36.6M Put/Call GEX ~0.97 → balanced DEX still positive → dealers long delta Geopolitical headlines (Iran escalation) can inject vol, but in positive gamma dealers dampen moves until a level gives. Key pivot = 6900. Break → volatility expansion. Hold → mean reversion/pin. Structure > headlines.