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In this Guide we show how to use Intraday Gamma Models on Tesla to spot market reactions around key areas using our new models.
Why are intraday gamma changes important?
They provide critical insights into shifts in market positioning and sentiment. By tracking how gamma exposure evolves throughout the trading day, traders can:
Identify Key Price Zones: Gamma changes highlight areas of potential price sensitivity, such as support, resistance, or inflection points, where market behavior is likely to shift.
Market Sentiment: Increasing or decreasing gamma levels reveal the dominance of call or put positions, helping traders understand directional bias.
Adapt to Volatility: Sudden gamma changes often indicate upcoming price swings or stability, allowing traders to adjust their strategies accordingly.
Enhance Risk Management: Monitoring intraday gamma provides a proactive approach to managing exposure during critical market moves.
Intraday Gamma Models on Tesla
Now let’s take an example from Friday on the Tesla Stock. In this first chart we can see the end of day levels from Thursday. We see a strong Bullish Positioning with a Call Resistance at the $350 strike price. We can see the Levels on TradingView as well as our End of Day Net GEX Chart.
The GEX 2 Line acts as a strong support and reaction zone but still not a clear signal for a potential trade.
Intraday Gamma Models on Tesla 11
In the second chart, the Snapshot of 9.50 am EST we see a different picture.
By updating the levels after the open we can see that the Put Support has shifted higher to $335 while our GEX 2 stays at $340. We also see a shift of our 1D Max Level.
We then look at our Net GEX Difference Model vs Previous Close. Here we can see a significant difference in positive GEX at the open. The top Positive Strikes are now $350 with an increase of Positive Gamma by 7.11M or an increase of 19.98%, and $360 with an increase of Positive Gamma by 2.98M or 9.70%.
If we look at our Risk Management and Trade Structuring we now have a clear path:
Trigger Point: Our GEX 2 Level can now become a trigger point for a Long Trade
Risk Management: We now have an important Level, the Put Support that can be our main risk level. Our risk for this trade would be $5.
Profit Targets. We now have a clear path with two potential areas: Call Resistance at $350 and our 1D Max at $356. Our Call Resistance Area has a Risk Reward Ratio of 1:2 and our 1D Max has a Risk Reward of 1:3.
Intraday Gamma Models on Tesla 12
In the 3rd chart we see the 10.45 am EST Snapshot and we see how our Call Resistance has now shifted higher to $360. We also see a strong increase in GEX at these levels:
– $360 | +17.38M (51.62%)
– $365 | +15.2M (145.87%)
– $355 | +8.53M (73.39%)
The $355 area becomes a strong reaction where we have Strong Gamma and also our 1D Max. The price is not able to break this level for the rest of the day.
Intraday Gamma Models on Tesla 13
Here is an example of a simple analysis by leveraging the power of our intraday models.
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