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In this lesson, you’ll discover how intraday gamma models can help you track real-time shifts in options market positioning throughout the trading day. We’ll explore the specific data feeds and models that make up our intraday analysis toolkit, explaining why monitoring these intraday changes is crucial for your trading decisions.
We deliver several key components with intraday models: JAX data, JAX change, intraday gamma levels, and our liquidity summary. These tools are designed to simplify your daily market analysis. Understanding intraday gamma models matters for several reasons: they reveal market sentiment by showing shifts in the option market that affect underlying prices, with metrics like Gamma Flip and NetJax helping you understand behavior as markets transition from positive to negative gamma.
You’ll gain actionable insights by tracking primary levels or zero DT levels to see how market maker hedges shift throughout the day, helping you identify market reaction zones and support and resistance areas. For risk management, understanding gamma exposure helps you anticipate sharp intraday moves, while looking at zero release flows and knowing when the market is in a call-dominated environment helps you understand potential shifts in market trend.
We provide six intraday snapshots capturing activity at critical times: pre-market, opening, 1045, 1215 (when institutions typically trade between 10 o’clock and 12), and the rush hour of 2:45 to 3:30 when you see heavy activity from zero T’s options and institutional flows. The net gamma exposure chart helps you access intraday jacks for all expirations across the full option chain, plus net jax0dtes for indices and next weekly options for stocks. You can track volume changes on both call and put sides.
We provide two JAX difference charts: one showing current JAX difference versus the previous snapshot (like comparing 1045 snapshot versus the 935) to understand negative or bullish sentiment, and another showing JAX difference versus the end of day (previous day) to see if bullish movement continues with increasing JAX. The liquidity summary and intraday gamma levels will be integrated via APIs in trading platforms and accessible via the bot for trading view indicators, summarizing any change in jacks, gamma levels, volume change, and switches from positive to negative gamma.
Video Chapters
00:00 – Introduction to intraday models overview
00:44 – Market sentiment and gamma models importance
02:06 – Six intraday snapshot timing and structure
02:48 – Intraday jacks and volume analysis
03:43 – JAX difference charts explained
04:38 – Liquidity summary and gamma levels integration
Key Takeaways
Six intraday snapshots capture critical market activity from pre-market through the 2:45 to 3:30 rush hour
JAX difference charts compare current gamma versus previous snapshots and end of day to reveal bullish or negative sentiment shifts
Understanding positive to negative gamma transitions and zero DT levels helps identify market maker hedging behavior and reaction zones
The liquidity summary consolidates all intraday changes for easy daily analysis and will be accessible via APIs and trading view indicators
Video Transcription
[00:00:00.07] - Speaker 1 Okay, so for intraday models let's go over what we have and I'm gonna try and explain. Yeah. What we have today.
[00:00:16.10] - Speaker 1 Okay. So what we are delivering with intraday models is JAX data, JAX change intraday gamma levels, our liquidity summary that is going to allow you to simplify your daily analysis. And we're also going over some example, maybe later. But why are intraday gamma levels, intraday models very important? So the first thing is market sentiment.
[00:00:44.00] - Speaker 1 So gamma models can show you the shift in option market that can obviously affect the underlying price. So metrics like Gamma Flip or NetJax can help traders understand the behavior as we transition from positive to negative gamma. Right. So obviously we focus a lot on that. Very important to understand the intraday shift of that and how the levels can change.
[00:01:06.01] - Speaker 1 Intraday intraday gamma models can also bring actionable insights. For example, if we are tracking primary levels or zero DT levels, we can see how kind of like market makers hedges might shift throughout the day. And that could help us identify market reaction zones on support and resistance areas and so on. And then finally obviously the risk management. So understanding gamma exposure can help traders anticipate, you know, sharp moves throughout the day.
[00:01:34.27] - Speaker 1 Looking at zero release flows can also really help and then understanding positive and negative gamma shift. So knowing when the market is in a cold dominated environment or or in a different condition can also help you understand the market trend and help you understand potential shift and then of course volume and volatility. So by looking at volume, change in volume, change in volatility, we can also look at potential pivot point, pressure point and so on.
[00:02:06.12] - Speaker 1 So we are going to start with intraday snapshot and as I said in next year we're going to bring you real time data. So we're going to have six intraday snapshots. They're going to capture the pre market activity, the opening 1045 and 1215. Those are very important points because typically institutions trade between 10 o' clock and 12. And then we're also going to have the, the rush hour of 2:45 to 3:30, which is really when you see a lot of activity coming from zero T's options and coming from all the institutional flows coming in.
[00:02:48.21] - Speaker 1 So let's start with our intraday jacks and volume. So the net gamma exposure chart is one of obviously the main model that we've shared with the community for the past year and a half. And this really helps you understand market positioning and sentiment. And with the intraday models you can now access intraday jacks for all expirations, meaning like we are looking at the full option chain and we're looking at how the full option chain is changing intraday. But we're also going to provide you the net jax0dtes.
[00:03:20.13] - Speaker 1 So this is going to be very important for indices. So you're going to have the zero dt options, but for stocks too, you're going to have the next weekly option. So stocks don't have zero dts, but we're going to look at the next weekly expiration, which is obviously very important. So you can change for. You can also see the change in volume, whether it's on the call side, on the put side.
[00:03:43.28] - Speaker 1 And obviously this is very key to understand how volume changes intraday. And then the next step is looking at our JAX difference. So we're going to provide you with two charts. One is the JAX difference versus the last. So this will show you the current JAX difference versus the previous snapshot.
[00:04:05.29] - Speaker 1 So let's say that you are looking at 1045 snapshot versus the 935. You want to look at the change in JAX between those two timestamp because you want to understand if there is like a negative sentiment or if there is a bullish sentiment in the market. And then we're also going to provide you with the JAX difference versus the end of day. So understanding how JAX is changing from, from the intraday snapshot compared to the end of the day, the previous end of day. So you want to see if it's a bullish movement that obviously the JAX keeps increasing.
[00:04:38.28] - Speaker 1 And there you can use that to analyze the market. And then we're going to bring you with two other models which is one is our liquidity summary. And obviously the intraday gamma levels, those will also be integrated via APIs in the trading platform and you also will be able to access them via the bot for our trading view indicators. So the liquidity summary will show you basically any, you know, change in jacks, any gamma levels or any volume change. If we are switching from positive to negative gamma and really is going to really summarize and we're going to show you, show it to you in a second.
[00:05:19.10] - Speaker 1 Summarize basically what's been happening in the previous option and throughout the day. So all throughout the day. So very, very easy to read, very easy to follow, follow and it's going to allow you to understand basically like things that have happened and what's happening there.
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