Free playbook
The SPX 0DTE Dealer Positioning Playbook
Every session, option dealers carry a book they are forced to hedge. That hedging is mechanical, it is large, and it shapes where SPX slows, sticks, or slides. This playbook explains the mechanics in plain language — the two regimes, the King Node, the walls, and a 30-second read you can run against any chart. No signals, no predictions. Mechanics.
Inside
- Why dealers move the tape — the hedging loop behind intraday flow
- The two regimes — positive gamma mean-reverts, negative gamma runs
- The King Node — the heaviest strike on the board and how price behaves around it
- Walls — where hedging pressure stacks and ranges get framed
- The 0DTE session arc — why levels move intraday and yesterday's map is stale
- The 30-second read — regime, King, walls, spot. In that order.
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Free, readable in ten minutes. It comes with the daily SPX level email — one email per trading day, graded at the close, misses included. Double opt-in, unsubscribe anytime.
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