RisenTrades

Owner & Creator of GEX Evolution | Former Fixed Income Portfolio manager | NFA | Hebrews 13:5

[RisenTrades @DChowTr]

They hedge gamma. They manage vanna. They roll charm.
I built GEX Evolution to track every one of those forces in real time without the monthly fee
Here's what's inside the platform 🧵

[RisenTrades @DChowTr]

@QuantNug I would run SPX also to compare.

[RisenTrades @DChowTr]

@JoeyGEX Because it never came close. Result positive charm all day.

[RisenTrades @DChowTr]

@Limitlesss1 Look I wasn't trying to offend you, but point to notional value as an alternative. Respect to the information you are presenting.

[RisenTrades @DChowTr]

@Limitlesss1 You missed my point. Your logic can't be applied to SPX

[RisenTrades @DChowTr]

@Steven_2376 Too simplistic, because if you expand your tool past 6/30, then that negative pressure rolls away.

[RisenTrades @DChowTr]

$SPX hit 7300 and bounced — positive charm is keeping a bid under this market until 6/30.

So what actually matters heading into 6/30?
A. Spot holds above 7200/7300 through today and 6/30
B. Spot drifts down to pin those levels by 6/30
C. Doesn't matter — after 6/30, the concentrated negative dealer interest tied to near-term expiries rolls off significantly

I'm going with C.

The structural weight comes from how that interest is stacked around current expiries. Once they clear, the hedging drag fades — and that's the real reset. Where spot finishes today is noise.

[RisenTrades @DChowTr]

@kiantrades Too simplistic. 6400 is high magnitude for both 6/26 and 6/30 expiration. What if 6300/6200 never come close? That's positive charm especially since they are 2 and 4 DTE.

[RisenTrades @DChowTr]

$SPX $SPY $QQQ will be opening in heavy negative GEX territory which can persist to 6/30 as said in previous posts.

[RisenTrades @DChowTr]

They hedge gamma. They manage vanna. They roll charm.
I built GEX Evolution to track every one of those forces in real time without the monthly fee
Here's what's inside the platform 🧵

[RisenTrades @DChowTr]

SPX stopped at 7320-7325.
Easily see that multiple expirations have put concentrations from 7325 to 7300.
What is not easily seen via GEX alone is Charm and Vanna strength.
Pivotal word *Strength*

For 0DTE on the hedging curve you can see that below approx 7325 negative charm and vanna pressure flattens. It still is present, but the steepness of the curve becomes muted.

We know 6/26 and 6/30 have heavy negative GEX concentrations at 7300 and 7200.
If price doesn't go under or stay near those levels, then that has a positive effect over time.

VIX void between 19 to 22

Bring it all together:
0DTE charm & vanna curve is muted.
Above key multi-expiry put levels.
VIX GEX gap between 19 to 22.

[RisenTrades @DChowTr]

GEX Evolution 0DTE Levels 6/25/26

$SPX
7450 Call Wall
7390-7400 Gamma Flip
7310-7320 Put wall

⭐️7400⭐️ key level for 6/26 and 6/30 expiry.
Remember if we do not come close to 7300 and 7200, then that bullish pressure.

$SPY sloppy structure
740, 744/745 Call wall
736 Gamma flip
730 Put Wall

$QQQ
730, 728, 725, 720 Call walls
717 Put Wall and Gamma Flip

[RisenTrades @DChowTr]

Intermediate term analysis of $SPX $SPY $QQQ
If this helps, or you want to understand my interpretation/thought process I can post a video.

Like, comment with any questions, and share. Thank you.

[RisenTrades @DChowTr]

GEX Evolution 0DTE Levels 6/25/26

$SPX
7450 Call Wall
7390-7400 Gamma Flip
7310-7320 Put wall

⭐️7400⭐️ key level for 6/26 and 6/30 expiry.
Remember if we do not come close to 7300 and 7200, then that bullish pressure.

$SPY sloppy structure
740, 744/745 Call wall
736 Gamma flip
730 Put Wall

$QQQ
730, 728, 725, 720 Call walls
717 Put Wall and Gamma Flip

[RisenTrades @DChowTr]

What truly helps reading GEX/Gamma.
Magnitude/Concentration + further expirations.

The 7400 level is crucial for the next few expirations up to 6/30/26. We broke 7400 and stopped around 7425/7430. Why?

Look at size of positive gamma relative to negative. Demand for upside past 7400 was not present. Now compare that to <7350. Billions of negative notional GEX.
$SPX $SPY $QQQ

[RisenTrades @DChowTr]

@Simply0DTE GEX by itself isn't enough. Knowing the curvature of hedging helps a lot. This is the curve up to 6/30 expiration (largest near term magnitude). Teal displaying steady selling pressure. Yellow is your vol/vanna.

[RisenTrades @DChowTr]

@kiantrades Too simplistic. 6400 is high magnitude for both 6/26 and 6/30 expiration. What if 6300/6200 never come close? That's positive charm especially since they are 2 and 4 DTE.

[RisenTrades @DChowTr]

@PJtrader_17 You need to add in SPX and look at further expirations for concentrations.

[RisenTrades @DChowTr]

@GammaEdges @RedDogT3 Agreed 715 is key for further intensity in negative GEX

[RisenTrades @DChowTr]

How accurate was that 6400?

[RisenTrades @DChowTr]

GEX Evolution Premarket 6.24.26

$SPX
0DTE: 7400 gamma flip, 7350 put wall, 7450 call wall
Friday and 6/30 expiration - high concentration at 6400 as gamma flip. 6300 and 6200 are possibilities within this timeframe. Caveat is if stay close to 6400, then concentrations at 63 and 62 are net positive

$SPY
0DTE: Sloppy structure, but stay under 734/735 provides negative pressure.

$QQQ
0DTE: 715 largest negative level, then 710, 705.