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Gamma Exposure (GEX) Trading

Risk & Psychology Mastery

Gamma Exposure (GEX) Trading

Understand how gamma exposure impacts price movement. Learn to trade around dealer positioning, option flows, and volatility shifts using GEX insights.

Levels
4
Starting from
215 credits
Category
Risk & Psychology Mastery
Choose a level
Gamma Exposure (GEX) Trading
4 levels
Each level is unlocked separately

Choose a level

Choose a level to see what it includes

Level 1

Beginner

  1. Covered in this level

    You will study option gamma, how option dealers hedge, and the basic idea that hedging can make markets calmer or more volatile.

  2. Suited to

    This level is for learners who want to understand gamma exposure and why traders talk about it.

  3. What you will be able to apply

    After this level, you will be able to explain what gamma is in simple terms, describe dealer hedging, and understand the idea of positive and negative gamma.

About this material

Understand how options market makers hedge gamma and how that creates powerful market flows. This material breaks down gamma exposure, dealer positioning, and the effects on intraday and weekly volatility. Learn how to read GEX charts, interpret open interest, and front-run pinning or unwinding flows. Great for traders who want to understand why price often gravitates to certain levels—especially on options expiry.