Kumo Cloud Engine · three-layer signal stack — long/short alerts fire only when all three skies align.
Live dealer positioning for SPX, /ES, /NQ, /GC, /MCL, /ZN. Read the call wall, watch the gamma flip, and act on AI-curated strategies — all in one terminal.
Equities are coiled inside dealer hedging bands while energy and gold trade independently.
Quick reference for the four concepts you need to read every chart on this page.
Every time a customer buys an option, a market maker takes the other side and must hedge that exposure with shares of the underlying.
Gamma Exposure (GEX) is the dollar amount of delta that dealers have to buy or sell for every 1% move in the underlying.
When aggregate GEX is large and positive, dealers buy dips and sell rallies — volatility compresses and price tends to mean-revert toward heavy strikes.
When aggregate GEX is negative, dealers do the opposite — they chase the move, which amplifies trends and produces large intraday ranges.
Sell ATM straddle at $7354.02, buy wings ±25.22 for defined risk.
Tight gamma range between put wall and call wall favors range-bound action.
Defined-risk credit spread expiring 2026-08-02.
Spot above gamma flip — sell premium below put wall for high-probability income.
Long-dated call expiring 2027-08-02, deep ITM for high delta.
Capital-efficient directional exposure with reduced theta drag vs. shares.
Buy 2026-09-26 ITM call, sell 2026-08-02 OTM call.
Pay theta on the long leg, harvest it on the short leg while the underlying drifts your way.
Sell 2026-08-02 ATM, buy 2026-08-27 ATM — same strike, different expiries.
Profits when spot pins ATM at front-month expiry; benefits from rising back-month IV.
Buy ATM call + sell ATM put at $7354.02 (2026-08-02). Net delta ≈ +1.
Synthetic long stock without owning shares — full upside and downside, capital-light.
Sell ATM call + buy ATM put at $7354.02 (2026-08-02). Net delta ≈ -1.
Synthetic short stock — used when borrow is expensive or unavailable.
Sell front-month strangle (7341.41/7366.63), buy back-month wider strangle (7316.19/7391.85).
Range-bound with IV-expansion potential. Front-month theta + back-month vega = best of both.
Two calendars: one OTM call ($7379.24) + one OTM put ($7328.8).
Two profit tents flanking spot. Wider range than single calendar; profits from low realized vol + rising IV.
Buy 2× ITM call $6618.62, sell 1× ATM call $7354.02.
Two ITM long calls + one ATM short call ≈ 100 delta but pays no extrinsic on entry.
Own 100 shares + buy $6765.7 protective put + sell $7868.8 covered call (both 2026-08-02). Caps upside at $7868.8, floors downside at $6765.7.
Defensive position for a long stock holder. Trade unlimited upside for a guaranteed floor — useful into earnings, macro events, or any period where you want to stay long but cap drawdown.
SPY in equilibrium — wait for break of $725.43-$759.57.
QQQ in equilibrium — wait for break of $693.69-$746.16.
NVDA in equilibrium — wait for break of $192.53-$235.74.
TSLA in equilibrium — wait for break of $375.12-$443.3.
IWM in equilibrium — wait for break of $273.0-$299.83.
AAPL in equilibrium — wait for break of $275.15-$315.2.
GLD in equilibrium — wait for break of $365.92-$427.21.
MSFT in equilibrium — wait for break of $352.83-$460.52.
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Ranked by mean backtest win-rate across SPX, /ES, /NQ, /GC, /MCL, and /ZN. We also show the single symbol + IV regime where each strategy performed best.Pro unlocks 3 advanced setups.
Eleven options strategies you'll see in your trade ideas — structure, when to use, and risk profile. Pro unlocks the three advanced multi-leg setups.
A four-leg defined-risk trade that profits when the underlying pins close to the short strike at expiration.
Tight gamma range (Call Wall and Put Wall flank spot within ~3-5%). Best in low-IV regimes.
Max loss = wing width − net credit. Pin risk near short strikes at expiration.
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