THE EDGE | LIVE
GAMMA EXPOSURE & DEALER POSITIONING
ATM OPTIONS EDGE | ALPHA & OMEGA
An educational deep dive into gamma exposure, dealer hedging mechanics, and what options positioning may — and may not — reveal about SPX market behavior.
SPECIAL LIVE PRESENTATION
Date: Wednesday, October 14, 2026
Time: 8:30 AM New York (EDT) | 2:30 PM Geneva (CEST)
Location: THE EDGE | LIVE — Alpha & Omega Discord Stage
Format: Prerecorded educational presentation, followed by an opportunity for questions and discussion.
ABOUT THE PRESENTATION
Gamma Exposure (GEX) and dealer positioning have become increasingly popular tools for interpreting SPX price behavior, intraday volatility, and significant market levels.
But
how much can we really learn from gamma exposure?
What are the actual mechanics behind dealer hedging, and how reliable are the conclusions frequently drawn from GEX estimates?
In this special presentation, we examine the relationship between options positioning, dealer hedging activity, and potential market effects.
Rather than treating gamma exposure as a predictive indicator, we explore the underlying mechanics, available evidence, assumptions, and limitations.
WHAT WE'LL EXPLORE
Understanding Gamma Exposure (GEX) — What it represents and how it is estimated.
Positive vs. Negative Gamma — Understanding the different environments and their potential implications.
Dealer Hedging Mechanics — How hedging flows may interact with underlying market movements.
SPX Market Structure — Examining the relationship between gamma positioning, volatility, and significant price levels.
Limitations and Misconceptions — Separating observable market information from assumptions and theoretical interpretations.
Practical Market Interpretation — How gamma exposure can be evaluated within a broader options trading framework.
PRESENTATION FORMAT
The session will feature our newly prepared
Gamma Exposure & Dealer Positioning educational video.

A supporting PDF presentation will also be available through Discord.

Following the presentation, members will have an opportunity to participate in a discussion and ask questions.
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ATM OPTIONS EDGE | ALPHA & OMEGA
Educational purposes only. Nothing presented constitutes investment advice or a recommendation to trade. Options trading involves substantial risk of loss.