LiveGexLevels Guide
Who moves the price, what GEX measures and how to read the levels: the guide to LiveGexLevels.
6 articles · Watch the playlist on YouTube →
LiveGexLevels Guide #1 · 6 min video
Who moves the price? Gamma exposure (GEX) explained
Three forces move the S&P 500 during the day. Why option hedging is the one you can read, who the dealers are and what a GEX wall is.
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LiveGexLevels Guide #2 · 8 min video
The only two real edges in options
Selling fear and reading the dealers during the session: where each options edge comes from, what it costs you, and why both can lose money.
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LiveGexLevels Guide #3 · 9 min video
Only ES and VWAP? You're missing a big slice of the action
SPX, XSP, SPY, ES and MES: one index, five instruments, and two different volumes to read. LiveGexLevels Guide #3, with the video.
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LiveGexLevels Guide #4 · 11 min video
Positive gamma: what does it mean?
Who buys the call you sell, how the market maker hedges it with ES, and why positive gamma brakes the price. LiveGexLevels Guide #4, with the video.
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LiveGexLevels Guide #5 · 11 min video
Negative gamma: what does it mean?
Who sells the put you buy, how the market maker hedges it with ES, and why negative gamma tends to widen moves, not pick a side. LiveGexLevels Guide #5.
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LiveGexLevels Guide #6 · 8 min video
The gamma flip: why does gamma change sign?
Why market makers' gamma is negative below the price and positive above, where the total changes sign, and what studies say. LiveGexLevels Guide #6.
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