Over $9,000 secured on $SPY 746 puts this morning. Huge shoutout to the best gamma exposure tool in the game, the @ITMatrixHQ GEX, which helped me snipe this entry and stay confident in the downside all day.
At 10:45am, GEX put the MVC at 750. I entered the 746 puts right on the breakdown of that level, knowing a loss of 750 would unleash the heavy negative gamma sitting below and accelerate the selling fast.
By 12:15pm the MVC had flipped hard down to the 740 zone. That handed me the conviction to keep my runners on for more downside.
Price never meaningfully reclaimed the 9EMA into lunch. It chopped a little but stayed weak, and with big tech bleeding alongside it, the read was clear: more room to fall on SPY.
GEX structure lining up with price action is what let me hold through the noise instead of getting shaken out.
Here’s what separated today from all those days we failed to break lower: the heavy negative GEX stacking up below spot. That’s the zone where dealers are short gamma, so every wave of selling gets amplified instead of absorbed. That was my edge.
I rode these all the way down to the lows near 735.50 to 737. The contracts peaked around 2000% at the LOD. I took mine off around 300 to 400%.
GEX didn’t call the exact move. It just showed me where the real pressure was building and where things could get amplified, so I could stay on the right side of it.
Screenshots from the GEX table at 10:45am and 12:15pm in the replies 👇
Who else caught that nasty selloff today?
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Solid $1000 win today on $SPY 753 puts today, thanks to watching the GEX flips in real time.
SPY opened the day with 761 as the MVC (most valuable contract) on the @ITMatrixHQ GEX heatmap. Price action + weakness in large caps/Mag7 started showing up early in the session, and by ~10:00 AM the MVC flipped hard to the downside ($740 zone on 6/5).
At around 10am I was triggered into my 753 puts. The GEX kept confirming at 10:15 AM when the MVC shifted again to the $755 strike now sitting below spot. This gave me confidence to continue holding through choppy price action.
Even more important: there was negative GEX building below spot. That’s the zone where dealers are short gamma, so any further selling gets amplified instead of absorbed. That gave me extra conviction that we could see a fast move lower if price broke.
Price failed to reclaim the 9EMA (red line on chart below) on the 15min, stayed choppy, and theta was eating contracts… but the GEX structure + price action alignment gave me the confidence to hold through the noise instead of getting shaken out.
I rode these it all the way down to the LOD at around $753.57. The puts didn’t go green immediately, but they peaked +125% from my entry.
GEX didn’t predict the move, it just showed me where the real pressure was building (and where moves could get amplified) so I could stay on the right side of it.
Heatmaps from 9:30am, 10am, and 10:15am in the replies 👇
Who else was watching the GEX flips this morning?
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The high conviction scalp that helped drive it happened around 1:40 PM when our @ITMatrixHQ GEX lit up $760 as the MVC.
Charts were clean, holding above 9EMA on 5/15min with pullbacks respecting it.
High conviction setup I'll take all day.
Breakdown + fills & trade confirmations in next replies
$4000 secured on $SPY this morning in under 15 minutes.
High conviction trade on SPY this morning. The setup came together right around 10:00 AM when our @ITMatrixHQ GEX heatmap was lit up with strong support at the $758-$760 zone as the MVC stayed positioned above spot.
I watched SPY 759C closely as price tapped the VWAP. The reaction was aggressive, clean bounce, followed by a controlled grind higher that respected both the 9EMA and VWAP the entire way up.
Large cap tickers showing strength + GEX leaning bullish gave me the confidence to load up. This trade saw virtually 0 drawdown.
This was textbook: price action + GEX alignment + EMA/VWAP respect.
Exactly the type of high-probability setup I look for.
P&L, GEX heatmap, and chart attached.
Who else caught that move this morning? 👀
Most traders look at price charts, EMAs, and VWAP.
I also watch GEX (Gamma Exposure) - think of it as a “heat map” that shows where the big market makers have the most risk in options.
Super simple breakdown:
• Market makers who sell options have to hedge (buy/sell stock) to stay safe as price moves.
• GEX shows the hot zones (high gamma nodes) where this hedging is strongest.
• These zones act like magnets or walls for price during the day, especially on 0DTE (same-day options).
How I actually use it:
1. Look at the GEX heatmap in the morning.
2. Find the strongest node near current price (often called the MVC, the biggest “magnet”).
3. If price is below a big positive GEX node → upside bias (dealers may buy to hedge).
4. If above → downside pressure possible.
5. Combine it with price action (VWAP bounces, 9EMA respect) = high conviction setups.
Real example from today:
Strong GEX support in the $758–$760 zone with MVC above spot → I went long SPY 759C on the VWAP tap. Clean move up followed.
GEX doesn’t predict the future, but it shows you where the invisible hand is most active. Game changer for intraday scalps.
Drop a 🔥 if you want me to break down today’s GEX heatmap more in replies.
Who else uses GEX for 0DTE? What’s your biggest takeaway?