Why $240M in Options Flow isn’t a “Signal” — It’s a Hedging Requirement Most traders view options flow as a sentiment indicator. They see a massive spike in call volume and assume “someone knows something.”They treat the market like a voting machine. I treat the market like an engine. The data points I’m sharing below aren’t from a black box. They are the direct result of delta-neutral hedging mechanics. When a retail trader buys a call, the Market Maker (dealer) doesn’t simply “take the other side.” To maintain a neutral book, they must hedge their exposure by buying or selling the underlying stock. That mechanical necessity — not sentiment — is what actually drives price action. 1. The Numbers: A $240M Case Study Let’s start with the raw math from the current session:

The "Why" Behind the Move If you have been using my free IV History from Realized Volatility script, https://www.tradingview.com/script/wsEuTwkc-IV-History-from-Realized-Volatility/  you know that understanding the gap between implied and realized volatility is the first step in finding an edge. But while indicators tell you what has happened, Gamma Exposure (GEX) tells you where the market is forced to go. I built the GEX Pro Terminal (gexpro.asiaquant.com) to provide retail traders with the same market-maker positioning data used by institutional desks. Key Features of the GEXPRO: 1. Real-Time GEX Levels: Identify "Zero Gamma" levels and volatility pivots where price action often stalls or accelerates. 2. Advanced Greek Heatmaps: Visualize Vanna and Charm—the sec

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$TENCENT(00700)$  Bullish

$Invesco QQQ Trust-ETF(QQQ)$  

Beat earnings and and sky rocket

$PING AN(02318)$  good

$Alibaba(BABA)$up

$Tiger Brokers(TIGR)$Beijing issued a strong promise for policies to boost financial markets and stimulate economic growth as it responded to a market sell-off over risks from the property market, overseas listings and Internet companies.