Dealer Hedging-Flow

The mechanical futures flow dealers are forced into · ^SPX / ^NDX / ^RUT · Observational

Market makers must hedge their 0DTE options book by trading futures. Positive gamma → they buy dips / sell rips (stabilizing). Negative gamma → they sell dips / buy rips (accelerating). Charm (time decay) creates a passive directional drift, strongest late in the session. This page reads that mechanical flow.

Connecting to the dealer hedging-flow read…

^SPXS&P 500

Dealer hedging-flow idle — awaiting data or disabled in admin.

IV · Vanna Playbook

No regime read yet for ^SPX.

^NDXNasdaq 100

Dealer hedging-flow idle — awaiting data or disabled in admin.

IV · Vanna Playbook

No regime read yet for ^NDX.

^RUTRussell 2000

Dealer hedging-flow idle — awaiting data or disabled in admin.

IV · Vanna Playbook

No regime read yet for ^RUT.

Dealer long/short positioning and E-mini contract counts are modeled estimates (hedge-ratio assumption + OI-sign convention), shown alongside raw $-notional. This surface is observational and does not drive live trades.