The dashboard front-loads the read. Here is what to look at, and the order to do it in.
The ribbon (top)
One line gives you the regime:
- Spot and the reference closes (NQ, NDX, QQQ, and the basis driving the conversion).
- The four flips: gamma, vanna, delta, charm. Each shows its level and whether spot is above or below it.
- Regime (PIN or EXPANSION) and the structural lean (the matrix cell for the session).
Read the flips first. Spot versus the gamma flip tells you the regime. Spot versus the vanna flip tells you the vol lean.
The bias tile (Exposure tab)
It resolves the matrix and the IV/RV ratio into a single LONG, SHORT, or NEUTRAL read, with the reason and the play. Use it as the headline, not the whole story.
The walls
Call wall, put wall, absolute gamma, plus the full ladder. These are the levels price reacts to. In long gamma they hold and price fades to them. In short gamma they get run through until a big one holds.
The expected move
The one-session expected move, drawn as a band around spot, with the sell-premium read. It sizes the day.
The tabs
- Overview: the summary read.
- Exposure: the walls, the exposure rail, gamma by strike, the bias tile.
- Dynamics: the charm clock, the intraday flip track, implied versus realized.
- Positioning: the weekly COT cohort context, a slower macro clock.
The order to read it
Regime (gamma flip), then lean (vanna flip plus IV/RV), then levels (the walls), then size (the expected move). Four steps, top to bottom.