Captain Wick 🏴‍☠️

Price Action + Volland Dealer Positioning | Not Financial Advice

[Dark Matter @DarkMatterTrade]

This is why you don't miss #MarketMoves. Today I discussed how the market above 6700 SPX was constructive and a reclaim of 6800 slingshots towards 6900...

Join us Weekly and Daily in the Volland Discord for $ES $SPX plans. Promo code DARKMATTER

https://t.co/LmOWPDj5gI

[Dark Matter @DarkMatterTrade]

Another great episode with @WizOfOps where we discussed today's resistance levels of 6440 and 6425 $SPX just before the open in this mornings RTH session...

We do this weekly here on X and Youtube. Join https://t.co/01hy4IQLZt and get 10% off your first month - code DARKMATTER

[Captain Wick 🏴‍☠️ @CaptainWick]

You can see the aggregate vanna reading live on the Volland Dashboard.

That's your edge — knowing whether dealers are being forced to buy or sell before price confirms anything.

Volland visualizes this data in plain English.

Link in bio for a discount.

[Captain Wick 🏴‍☠️ @CaptainWick]

Most retail traders have no idea that options dealers move markets.

Not because they're trying to — but because they're forced to.

Here's the Greek that explains how, and why it shows up in price before you ever see it on a chart.

[Captain Wick 🏴‍☠️ @CaptainWick]

Negative aggregate vanna = the opposite. IV rising forces dealers to SELL.

They're not making a directional bet — they're just managing risk. But the market doesn't care about their intentions.

Negative vanna weeks tend to be choppy, mean-reverting, or outright bearish.

[FinancialJuice @financialjuice]

Spot Vol Beta

This gauge shows how sensitive S&P 500 option volatility is to moves in the index itself. A reading of 1.06 suggests volatility is reacting slightly more than normal to price changes, but not at extreme levels. Overall, options pricing appears fairly balanced rather than clearly over- or underpriced.

Vol Event study by @wizofops
Source: https://t.co/wR9hqXIoUG

[Captain Wick 🏴‍☠️ @CaptainWick]

@TegaOyomah @tradingview I keep getting this error @tradingview

[Captain Wick 🏴‍☠️ @CaptainWick]

@tradingview mobile seems very buggy and slow. Anyone else experiencing this?

[Captain Wick 🏴‍☠️ @CaptainWick]

@TegaOyomah @tradingview Yeah, mine is very slow and has been for days. I’ve tried uninstalling, my phone and app are both up to date.

[Captain Wick 🏴‍☠️ @CaptainWick]

@TegaOyomah @tradingview The desktop version is working fine but the mobile app for iOS is so slow.

[Captain Wick 🏴‍☠️ @CaptainWick]

@civilianweb3 Ayo

[Captain Wick 🏴‍☠️ @CaptainWick]

@aussiehaggie Hi

[Captain Wick 🏴‍☠️ @CaptainWick]

@aussiehaggie Hi

[Captain Wick 🏴‍☠️ @CaptainWick]

Mental model:

Gamma = acceleration
Vanna = volatility-driven steering
Charm = gravity

You can fight gravity briefly.
Eventually, price follows it.

[Captain Wick 🏴‍☠️ @CaptainWick]

Charm: Time-Driven Hedging

🧵

[Captain Wick 🏴‍☠️ @CaptainWick]

Charm works with vanna when implied volatility is falling.

It works against vanna when implied volatility is rising.

This explains why some days trend cleanly and others chop violently.