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Joined June 2023
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ITMatrix HQ reposted
Big things happening with @MyBankIsFat and @ITMatrixHQ We stay scheming…
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ITMatrix HQ reposted
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ITMatrix HQ reposted
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ITMatrix HQ reposted
Early morning cook up on the @ITMatrixHQ In a Tesla while looking at $TSLA 💰🥂
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ITMatrix HQ reposted
@MyBankIsFat @ITMatrixHQ gex hack high confidence play - knew squeeze was coming per raw gex & delta adj gex combo. These ran over 1000%
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Today's Recap: $QQQ The defining move wasn't the rally—it was the break below 726.4 that reshaped the entire session. QQQ opened with supportive dealer positioning and briefly traded in a positive gamma regime, rallying toward 730 before losing the 726.4 gamma flip. Once below that level, dealer hedging turned increasingly directional, accelerating the selloff throughout the afternoon. Late-day price action remained pinned below the flip as negative gamma expanded, with 713 becoming the largest downside GEX concentration and the dominant control level heading into the close. Net GEX: $363.4M → -$773.2M After reaching more than $360M in positive gamma shortly after the open, dealer positioning steadily deteriorated, finishing the session near -$773M. With QQQ closing well below the 726.4 zero gamma level, volatility remains favored.
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ITMatrix HQ reposted
Today’s trade recap: #SPY opened around 747, the largest GEX was at 750 where it started going sideways, if we held 750 the upside could be 753/755, we tested and broke 750 to the downside then I aimed 745 (the lower GEX level) for 3 baggers Target acquired…
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Here’s what market makers are forced to do next👇🏽 $SPX $SPY $QQQ
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ITMatrix HQ reposted
On the board for July with a nice base hit. SPY calls for nearly 100% in 40 minutes sipping a coffee on my day off. Nothing like day trading in the stock market. Here's the trade I took today: SPY continues to consolidate with a bull flag on the daily chart. Price opened above the 9/21 EMAs again this morning with room to the top of the trend line from mid and early June. This set my bullish bias for the day. Taking a look at the gamma map before market open, we had a very large positive gamma level at 749 with over 95M in cumulative volume and major negative gamma below 746. I knew that we would have to let price develop a bit before being able to take an entry targeting the golden magnet level at 749. If price could hold above the Pre-Market high/ Gamma flip zone around 746, the path of least resistance was up to 749. Here's why: An important part of utilizing a gamma heat map is knowing the gamma regime you are trading in. In a positive gamma regime, market makers and dealers are long options, giving them positive gamma exposure on those positions. A dealer's business model is to provide you (the retail trader) the liquidity to execute your options orders. They aim to collect a small fee on the bid-ask quotes. They are not trying to bet directionally on the market; they aim to stay delta neutral. So, when the underlying price of SPY moves, they are forced to hedge their options positions mechanically through buying and selling shares of SPY. With positive gamma exposure, when SPY rallies their delta increases, so they must sell underlying shares to hedge. When SPY dips their delta decreases, so they must buy shares to hedge. This hedging is mean reverting which reduces volatility and soothes out the price action. It also prevents price from being pulled away from large positive gamma levels like the one seen at 749. At around 10:30 am, SPY had rallied above the Pre-Market high/Gamma flip zone, then formed a very nice bull flag. I actually entered a bit early while price was still forming the flag, after a 9 EMA dip that got bought up with a strong green candle and increasing volume. Getting in early had me holding through the pre-market high retest. This is where SIZING comes into play. As long as price continued to hold the pre-market high/gamma flip zone, this trade is still valid on a technical level, but the position saw -40% before getting the desired move. As an options trader (especially 0dte), you need to size your position appropriately so that seeing drawdown like this doesn't emotionally trigger you to exit the position. After the trade entry your job is over. Price either hits TP or stop loss. Everything else that occurs in between these two events is NOISE and EMOTIONS. Size small enough so that a big red candle doesn't trigger fear. Sold into the strength once we tapped 748.50, done for the day. You don't need more trades. You need more patience for high-quality trades. Learning to read a gamma map will help you filter for high-quality setups. Comment 'gex' and I will send you the exact trade confirmation checklist I run before every trade entry - gamma levels included. @ITMatrixHQ
Simple with a gamma map🤷🏼‍♂️ Catch a 100% move then go about your day. Recap later ✍🏻 @ITMatrixHQ
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Today's Recap: $SPY 750 was the opening control node, but 745 became the battleground. SPY opened in a negative gamma environment before buyers reclaimed the 746.2 gamma flip, improving dealer positioning and driving a rally toward the 750 control node. Late-day selling reversed the move, pushing price back below the flip and unwinding the day's positive gamma. Net GEX: -$584.5M → -$928.0M After briefly peaking above $1.1B intraday, dealer positioning finished back in negative gamma, with 745 becoming the dominant control level moving into tomorrow.
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ITMatrix HQ reposted
Simple with a gamma map🤷🏼‍♂️ Catch a 100% move then go about your day. Recap later ✍🏻 @ITMatrixHQ
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ITMatrix HQ reposted
The alignment wins 🏆 @MyBankIsFat @ITMatrixHQ
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Here’s what market makers are forced to do next👇🏽 $SPX $SPY $QQQ
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ITMatrix HQ reposted
You don't have to catch the full move every time. You just need to consistently catch a piece of it. Here's how I caught 110% on SPY calls while at work today: SPY has been consolidating for most of June. The market has been overall much choppier than a few months ago. We recently tested the 50 EMA twice and held both times. Today I had a bullish bias with us opening back up above the 9/21 EMAs. I knew we had a chance to test the major trend line we were respecting from mid and early June. My plan was simple, look for the gamma map to align so I could catch some of the upside. Early in the morning session, SPY chopped a bit, there wasn't a very clean entry for me and the gamma map hadn't quite lined up yet. Price then continued to rally throughout the day forming a very nice bullish EMA sequence with good spacing to show momentum on the move up. I was beginning to think we may just rally right to 748 without an entry, but then the market presented us a beautiful bull flag pattern. I quickly checked the gamma map, a massive 100M cell positive gamma level at 748 for the day. This was the magnet zone I needed for the setup. In positive gamma, dealers and market makers are forced to counter hedge with market flows. They buy shares into dips and sell shares into rallies. This type of hedging is mean reverting, and it prevents price from being pulled away from massive positive gamma levels like that at 748. We held strong at the 21 EMA test and broke out of the flag on increasing volume. I waited another 5 minute candle out to make sure the move was real. As we got the bounce off the 21 EMA, I entered my call position sized for zero because I was working my 9-5 and knew I wouldn't be able to stare at the chart that much. Set an alert on my trading view for when SPY crossed above 747.50 then locked up my phone and went back to work. An hour later I got a notification that SPY had crossed my alert. Opened up my brokerage and took profits at 110%. The simplest trade of the month by far. Gamma gave the framework and all I had to do was be patient and wait for the entry. Secured over 4.5% on my account this month. In a choppy market like this, I'll take it. Learn to read a gamma map and your trading will drastically improve. Comment 'gex' and I will send you the exact trade confirmation checklist I run before every trade entry - gamma levels included. @ITMatrixHQ
Caught the end of day ripper with gamma🙌 Recap later ✍🏻 @ITMatrixHQ
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ITMatrix HQ reposted
Caught the end of day ripper with gamma🙌 Recap later ✍🏻 @ITMatrixHQ
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Today's Recap: $SPY 747 became the key battleground today. SPY opened near 741 in a negative gamma environment before buyers regained control and pushed price back above the gamma flip. As dealer positioning improved throughout the session, the market transitioned into positive gamma and spent the afternoon grinding higher toward the largest concentration of dealer positioning. By the close, price had rotated into the 746–748 zone, where the strongest positive gamma acted as the day's control node and volatility began to compress. Net GEX: -$711.7M → $686.9M Dealer positioning improved by roughly $1.4B throughout the session, marking a complete shift from negative to positive gamma. The largest positive gamma into the close was centered around 747, followed by 748 and 746, while only light negative gamma remained below spot. The result was a market that transitioned from an unstable opening into a dealer-supported environment, with price gravitating toward the 747 control node as positive gamma took control. Positive gamma finished the day in control.
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Here’s what market makers are forced to do next👇🏽 $SPX $SPY $QQQ
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ITMatrix HQ reposted
Today’s alert recap🌱: SPY 740 KN played as a major resistance today and last Friday, lower nodes grew significantly after the rejection, both on QQQ & SPY, top ticked Cons went e0☢️
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Here’s what market makers are forced to do next👇🏽 $SPX $SPY $QQQ
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