A rules-based system for trading SPX 0DTE spreads from dealer gamma levels: a premarket map, a three-signal entry, hardened exits, and a paper record that tests whether you can run it. Written for beginners and professionals alike.
A Defined-Risk System for Trading SPX Options with Dealer Gamma Levels
The TradingView indicator that draws the session’s levels, the expected-move band and the Level Key.
Appendix BThe prompts that run the framework, as copy-ready text files, word for word from Appendix A.
Appendix AExcel and Google Sheets. Every trade, the totals net of fees, and the paper-to-live gate.
Chapter 20Twenty-one items to work through before your first paper session, and to check again before your first live one.
Appendix DSame-day SPX options are among the most actively traded contracts in the listed markets, with dealers on the opposite side mechanically hedging their exposure. That hedging creates a measurable landscape of key levels: points where price movements tend to stall or reverse, and others where they tend to accelerate.
This book translates that landscape into a structured trading system: a premarket framework for identifying key levels, a written rule set for defined-risk spreads, and a position-sizing methodology built around the planned loss of every trade.
Every term the framework uses with a specific meaning, searchable.
All 25 figures from the book, by chapter.
The ten levels and two expected-move boundaries in one table, with a printable PDF.
Chapter 6’s cost arithmetic with your own numbers: the win rate a record has to clear.
Chapter 7 in full: every level on the map and where each comes from.
The four books this one stands on.