🎯 Gamma Gauge
The Gamma Gauge provides an at-a-glance dashboard showing whether the current gamma environment is positive or negative, how intense it is, and what it means for your trading decisions. Select any ticker from your watchlist to see its gamma regime.
The Three Gauges
The page displays three ECharts gauge widgets, each answering a different question:
🔑 Key Takeaways
- GEX Intensity — Shows total net gamma exposure in dollars. Positive = dealers long gamma (stabilizing); negative = short gamma (destabilizing). Scale dynamically adjusts based on 30-day GEX history.
- Gamma Regime Score — Composite 0–100 score from five signals: GEX Z-Score percentile (30%), distance from gamma flip (25%), GEX ratio (20%), net GEX magnitude (15%), and fresh flow trend (10%). Above 60 = positive gamma; below 40 = negative gamma.
- Weighted IV — OI-weighted average implied volatility across all strikes (%). Low IV + positive gamma = range-bound. High IV + negative gamma = expect outsized moves.
Gamma Regime Zones
| Zone | Score | What It Means |
|---|---|---|
| 🟢 Strong Positive | 80–100 | Dealers long gamma — dips are buying opportunities, mean-reversion dominates |
| 🟢 Positive | 60–80 | Supportive environment for longs, watch gamma flip for regime shift |
| 🟡 Neutral | 40–60 | No strong directional bias from dealers, fundamentals drive price |
| 🟠 Negative | 20–40 | Increased volatility expected, cautious positioning recommended |
| 🔴 Strong Negative | 0–20 | Dealer hedging amplifies moves — avoid catching falling knives |
The Bar Chart
Below the gauges, a vertical bar chart shows net gamma exposure at each strike price. Green bars represent positive GEX (stabilizing), orange bars represent negative GEX (destabilizing). A dashed vertical line marks the current spot price.
💡 The bar chart helps you identify exactly where the key gamma levels are — combined with the gauge readings, you can understand both the overall regime and the specific strikes that matter.
Info Cards
Five educational info cards provide context-aware analysis that adapts to the current gamma regime:
- Gamma Regime — Explains the current regime and what it means for price action
- Key Levels — Gamma flip strike, distance from spot, total net GEX
- When to Buy / When to Be Cautious — Actionable guidance based on the regime
- Volatility Context — OI-weighted IV, expected daily move, IV skew
- Risk Assessment — Overall risk level with position sizing guidance
How to Use It
🔑 Key Takeaways
- Check Before Trading — Before entering a position, check the Gamma Gauge to understand the current regime. Positive gamma favors mean-reversion strategies; negative gamma favors trend-following.
- Monitor Regime Shifts — Watch for the regime score crossing the 40 or 60 thresholds, and pay attention to the 'Near gamma flip' warning signal.
- Combine With Other Views — Use the Gamma Gauge alongside the GEX Profile (for strike-level detail) and Chart View (for price context) to build a complete picture.