These charts are cool @elementsiz, please keep sharing.
Took me a minute to *think* I understood it... For anyone
scratching their head, here is what ChatGTP says:
Gamma Flip Line
(red)
Gamma Flip:
681.74
This is the
strike where total gamma
shifts negative → positive.
Below 681.74(red
background):
Negative gamma
zone → volatile, bigger swings
Above
681.74(green background):
Positive gamma
zone → stabilizing hedging flows
Green vertical
line
Last Price:
682.04
Price is
just abovethe
gamma flip → meaning:
? Market is currently in
positive
gammaterritory
?? Not far above the
volatility zone — small drop could re-enter negative gamma
? What This Implies for
SPY
Current
Position
Interpretation
Price >
Gamma flip
Hedging
flows
dampen
volatility
Positive
gamma overall
Supportivefor
gradual upside / mean reversion
Nearby
negative gamma
Dangerif price
breaks below ~682
?Trading Interpretation (not
advice)
If SPY stays above
~681.7→
? Dips likely get
boughtdue to
hedging
? Upside grind is easier
If SPY falls below it →
?? Market maker hedging flips
→
volatility
increases ? Downside moves can
accelerate
Posted by Orangeman on 6th of Aug 2025 at 09:05 pm
Sorry Matt and BPT community if my comment stirred any emotion
other than a dismissive smirk.
I choose to follow price action over politics.
FWIW I signed up for BPT before the first Trump admin with
the name Oragemann because I am from Syracuse, NY. There was
no political bias that I intended in my comment.
Again, sorry all. Let's stay focused and make some
money.
Posted by Orangeman on 3rd of Jul 2025 at 09:56 am
How's that vix correlation looking after the jobs drama?
Also - BBB news in the wings - reasonable to assume some kind
of reaction once it is official.
The community is delayed by three days for non registered users.
This worked out well so
MSTR 2hr interesting
Posted by Orangeman on 8th of Jan 2026 at 01:52 pm
This worked out well so far - thanks Matt.
Got in at 8.4, stop at 9.85 for now...
KSCP - was an idea
Posted by Orangeman on 11th of Nov 2025 at 02:54 pm
KSCP - was an idea from a while back I have kept an eye on. Built up a small pos when it was below $4.50.
20 and 50 overhead on the daily, but nice action today.
@steve - what's your experience
RIVN Updated
Posted by Orangeman on 6th of Nov 2025 at 09:39 am
@steve - what's your experience with the inverse (FBU).
Example QCOM has a long wick candle from 27 Oct. Looks to me like that's a good upside target over time.
Interested in your thoughts on whether one direction is more reliable than the other.
Gamma
682 close... Gamma wins again
Posted by Orangeman on 31st of Oct 2025 at 04:56 pm
These charts are cool @elementsiz, please keep sharing.
Took me a minute to *think* I understood it... For anyone scratching their head, here is what ChatGTP says:
Gamma Flip Line (red)
Gamma Flip: 681.74
This is the strike where total gamma shifts negative → positive.
Below 681.74(red background): Negative gamma zone
→ volatile, bigger swings
Above 681.74(green background): Positive gamma zone
→ stabilizing hedging flows
Green vertical line
Last Price: 682.04
Price is just abovethe gamma flip → meaning:
? Market is currently in positive gammaterritory
?? Not far above the volatility zone — small drop could re-enter negative gamma
? What This Implies for SPY
?Trading Interpretation (not advice)
If SPY stays above ~681.7→
? Dips likely get boughtdue to hedging
? Upside grind is easier
If SPY falls below it →
?? Market maker hedging flips → volatility increases
? Downside moves can accelerate
I got in NTRP too
$NTRP - thin name (less than 2 million share float) ...
Posted by Orangeman on 24th of Oct 2025 at 02:06 pm
I got in NTRP too Steve. Thanks for the tip!
down over 4.5% today... We'll see
SBUX - Looks like a possible bear flag here
Posted by Orangeman on 6th of Oct 2025 at 03:08 pm
down over 4.5% today...
We'll see if it tags or breaks that 81.2 area
KSCP - 10% pop this
Posted by Orangeman on 26th of Aug 2025 at 09:48 am
KSCP - 10% pop this morning...
Above the 20, resistance is the 50d SMA on the daily chart
Sorry Matt and BPT community
Trumps Big Mouth got me out of rest SQQQ 18.32 ...
Posted by Orangeman on 6th of Aug 2025 at 09:05 pm
Sorry Matt and BPT community if my comment stirred any emotion other than a dismissive smirk.
I choose to follow price action over politics.
FWIW I signed up for BPT before the first Trump admin with the name Oragemann because I am from Syracuse, NY. There was no political bias that I intended in my comment.
Again, sorry all. Let's stay focused and make some money.
That guy...
Trumps Big Mouth got me out of rest SQQQ 18.32 ...
Posted by Orangeman on 6th of Aug 2025 at 06:41 pm
That guy...
USAS is another low-price name
PPTA upside could expand above 15 with gap to fill
Posted by Orangeman on 13th of Jul 2025 at 12:20 pm
USAS is another low-price name in that sector that started heating up in Q2.
A little stretched right now. Next major level coming up around $1.25/30
How's that vix correlation looking
Jobs Report beat, unemployment dips to 4.1%
Posted by Orangeman on 3rd of Jul 2025 at 09:56 am
How's that vix correlation looking after the jobs drama?
Also - BBB news in the wings - reasonable to assume some kind of reaction once it is official.
Hey folks - back after
DNA comments
Posted by Orangeman on 24th of Jun 2025 at 10:28 am
Hey folks - back after a hiatus.
Thanks Steve I took this one and CROX which is trying to break out a bit now...
https://www.tradingview.com/chart/Ttoxv5Pu/
JETS - up 1.6% at
Posted by Orangeman on 1st of Dec 2023 at 11:18 am
JETS - up 1.6% at the moment. Potential break out.
was looking at the 5m
VIX right on the lower BB...
Posted by Orangeman on 24th of Oct 2023 at 04:35 pm
was looking at the 5m chart (duh).
VIX right on the lower
Posted by Orangeman on 24th of Oct 2023 at 04:12 pm
VIX right on the lower BB...
XBI
Posted by Orangeman on 13th of Oct 2023 at 12:34 pm
XBI
interesting. Thanks, Matt. What are the
SPY 1 min with the zig zag indcator
Posted by Orangeman on 19th of Sep 2023 at 01:43 pm
interesting. Thanks, Matt.
What are the heuristics?
USAU - metals and mining
Posted by Orangeman on 12th of Jul 2023 at 08:53 am
USAU - metals and mining name - big pop overnight on news:
https://www.prnewswire.com/news-releases/us-gold-corp-receives-industrial-siting-permit-for-ck-gold-project-301875082.html
Use the community search above
VIX and VVIX obviously both closing back inside their bands
Posted by Orangeman on 25th of May 2023 at 04:25 pm
Use the community search above on "vix system" for a wealth of info.
Fairly hardy fade on XLE
Posted by Orangeman on 25th of May 2023 at 12:15 pm
Fairly hardy fade on XLE today - trying to bounce around demand now.
@Matt would you post the latest BPENER charts when you get a sec - this little pull back may be a nice oppty.