Big options dealers must buy and sell to stay hedged — whether they want to or not.
This chart shows you where that forced buying and selling sits, and what price is doing when it gets there.
Neither half predicts direction alone. You trade where the two agree.
START HERE
▦ QUANT NUG'S VIEW
One click loads the four-chart board — MES · ES · SPX · VIX. New here? Click it, watch for a few minutes, then read on.
THE COLOURED BACKGROUND (the heatmaps)
Pick one with the γ MAP · CHARM · VEGA · VOLGA buttons. It paints the whole day as a picture:
up/down = price, left/right = time. Colour tells you what dealers are doing at that price.
The white ticks mark where it flips sign — that's the line that matters.
γ MAP (gamma)
Green = dealers push back against moves — price gets sticky and ranges.
Red = dealers pile on — moves accelerate. This is your range vs breakout read.
CHARM
Green = dealers must buy as the day passes (upward drift).
Red = they must sell. This happens on the clock whether or not price moves — it's the only one that does.
VEGA
Which way dealers get pushed if volatility moves.
Green = dealers calm a vol spike down (they sell vol into it — stabilizing).
Red = a vol spike feeds on itself — dealers are forced to chase it, so moves can get violent fast. Red zones are the fragile ones.
VOLGA
How fast that vega effect snowballs — the accelerator pedal on vega.
Green = self-correcting, a spike runs out of fuel.
Red = a spike accelerates — this is the cascade/blow-up setup, especially when vega is red here too.
Careful — green means something a bit different on each: gamma-green = calm/rangey, charm-green = drifting up, vega/volga-green = volatility stays contained. And VEGA/VOLGA say nothing about up or down — only about how wild a move gets once it starts. Don't trade them for direction.
🚨 WHERE VOL GETS DANGEROUS
Red VEGA + Red VOLGA together = the coiled spring. Dealers are short vol (a spike gets amplified) AND that shortness deepens as vol rises (it cascades) — a small catalyst can snowball into a violent vol expansion and a sharp selloff. Read VEGA first (is a move amplified or dampened?), then VOLGA (does it cascade?). Don't sell naked premium into red+red — the risk here is a fast blow-up, not a slow bleed. Green + green is the opposite: vol suppressed and self-correcting.
THE HORIZONTAL LINES
Dealer levels the "Walls" button
Strike prices where dealers hold the most and are forced to trade hardest. Price tends to react here.
Thicker + ★ = bigger. Top 5–10 is the honest read; beyond that is mostly noise.
Big-trade zones the "Levels" button
Prices where unusually large futures trades already happened. Somebody big cared about this price.
GEX / CEX / DEX
Which dealer number the lines are drawn from — GEX = gamma, CEX = charm, DEX = delta (what they're actually holding). ALL draws them together.
⚡ GOD MODE
Swaps candles for a live read of actual buying and selling pressure as it happens, instead of waiting for bars to close.
The ribbon is the price. White bars = a burst of real size just hit — respect that price.
Amber = quiet accumulation, rare, worth a look. Hover anywhere for a plain-English read of who's winning.
Futures and SPY only.
THE TWO BOTTOM PANES
CVD
Futures buying minus selling, running total. If price rises but this falls, the move isn't real — fade risk.
CDI
Where 0DTE options money is going, in dollars. Tall spikes = someone just spent big on calls or puts right now.
WHY QUANT NUG'S VIEW FREEZES THE MORNING LEVELS
The left chart pins its lines to the pre-market snapshot and leaves them there all day.
That's deliberate. Those are positions traders held overnight — real open interest somebody was
willing to carry through the night, not intraday noise. They're verifiable, they don't move,
and they mark levels you can trust for the whole session.
The heatmap behind them still updates live — only the lines are frozen.
WAYS PEOPLE TRADE IT
Green charm = lean long. Dealers are mechanically buying as the clock runs. Don't fight it.
Charm flipping colour is the moment. Green→red or red→green means the forced flow just reversed. Those flips often mark the day's turns.
Best setups stack. A big CDI spike landing exactly on a heavy dealer level, or on a charm flip, is far stronger than either alone.
Use gamma for the range. Green gamma → expect chop between levels. Red gamma → expect the breakout to run.
Wait for price to come to a level. These mark where reactions happen, not which way price goes next.
Honest note: dealer positioning is reliable for levels and how volatile things get. It is not a reliable direction predictor —
we've tested that many times and it doesn't hold up. Use it to plan reactions, not to guess up or down.
SPY——
Ticker
SPX
ES
MES
NQ
VIX
VX
RTY
SPY
BTC
Walls
Off
Top 3
Top 5
Top 10
Top 15
Top 25
Top 40
Metric
GEX
CEX
ALL
DEX
DTE
All
0DTE
Weekly
Monthly
Flow
Off
All
Mega
contractsLevels
Off
Today
All
CVD
Off
On
CDI
Off
On
Off
On
Snapshot
No gamma loaded
Last Update
CVD —
CDI ·
SPY—(0DTE only)—
⚠ CDI auto-recovery in progress…
SPY 0DTE CDI ·
SPY 0DTE—(0DTE only)—
Now Look Here
Top strikes near spot by |exposure| × proximity. 🛑 resistance ·
🛡 support ·
🧲 magnet ·
⚡ squeeze
Dealer Positioning
· NEUTRAL
—
—
Gamma —Charm —Vanna —
PIN —
Waiting for dealer-exposure data…
——
▶ Show details
Show full wall hierarchy (mixed / stale / weak / details)
SELL ▲
BUY ▼
Hedge by expiry
Dealer Walls
🟢
——
Call · long γsuppressive
Call · short γaccelerative
Put · long γsuppressive
Put · short γaccelerative
Line style = which Greek:
GEX · gamma walls$M/pt
CEX · charm flow$M/5min
VEX · vanna engine$M/σ%
Color = call / put × long / short γ ● call long γ ·
● call short γ ● put long γ ·
● put short γ
Now Look + Regime badge anchor to GEX in ALL mode.
Call wallresistance
Put wallsupport
Color = side dominance.
Width = relative gamma size.
Hover any wall for full details.
Source—
Top |γ|—
Walls0
★ THE QUANT’S RECOMMENDED SETUP
Cleanest read on the chart for live trading
TickerES — 24-hour futures. Catches the overnight and premarket flow that SPX cash hours miss.WallsTop 5 — discipline rule. Anything outside the top 5 by |γ| is statistically noise.MetricALL — gamma + charm + vanna stacked. The full dealer-positioning picture, not a single slice.DTEAll — don’t pre-filter expirations. Let the data show every contract.FlowAll — live block + sweep markers from institutional activity.LevelsToday — only current-session block/sweep zones. No stale clutter from prior days.CVDON — cumulative volume delta. The cleanest single-line momentum read.CDIOFF — keeps the chart focused. CDI is an opt-in deep-dive when you want to see option-flow delta.
Why this combination:
ES futures price the same underlying as SPX but stream 24/5, so overnight positioning is already on your chart by the time the cash open hits. Top-5 walls instead of 15+ keeps the chart readable — every wall outside the top 5 dilutes the signal more than it adds. CVD instead of CDI gives the cleanest single-line momentum read without crowding the pane stack. Use this as your default. Drill into a specific metric (just GEX, just CEX) only when you have a hypothesis to test.