Learn

Heatseeker: Gamma & Vanna

How dealer gamma and vanna exposure (GEX/VEX) show up on Heatseeker maps — and how to trade the dealer positioning behind every move.

The complete guide to dealer vs. player dynamics — how market makers hedge, why their flows move price, and what happens when positioning saturates.

Practical guide to trading GEX heatmaps — reading king nodes, flip zones, and the core scenario matrix for +GEX and –GEX setups.

How to read VEX (vanna exposure) maps, trade vanna drift, and understand when vol regimes override gamma signals.

Understanding alignment and misalignment between gamma and vanna exposure — and why it determines whether markets pin, trend, or whipsaw.

What happens in negative GEX zones — dealer hedge exhaustion, the balloon underwater analogy, and how to trade reversals from –GEX pits.

How to identify and trade institutional options flow — forced dealer hedging, asymmetric setups, and the no-chase approach to flow-driven trades.

How stacked nodes, tug-of-war zones, and air pockets between GEX/VEX levels create mechanical support and resistance.