How to read it — QuantX
Skip to content

How to read it

Every number QuantX shows comes from one place: the option chain, as it stood at a stated moment. This page says what each number is, and — more usefully — what it is not.

The one thing to understand first

Dealers who sell you options have to hedge them, and how they hedge depends on which side of the gamma flip price is sitting. Above it, hedging leans against moves and the tape grinds. Below it, hedging chases moves and the tape runs. That single distinction is the vocabulary the whole product is written in.

Everything else — walls, the control node, the ladder — describes where that hedging is concentrated. None of it says what price will do. It says where the pressure is.

Read the mechanism in full →

The indicators

Each line below is the indicator's own claim, taken from the same source its script header and the Export page read. If one of them ever says something the script does not do, that is a bug in one file, not in three.

GEX Levels v3.4.0 WIRE V2

Where dealer gamma is concentrated on your chart: call wall, put wall, the gamma flip, the control node and the strike ladder, each drawn at the price it sits at with the strike it came from.

POIs v4.2.0 WIRE V1

Points of interest built from structure and volume, with the option layer from the same pasted code drawn against them.

Gamma Profile v1.0.0 WIRE V2

The shape behind the single net-GEX number: dealer gamma evaluated across about ±5% of hypothetical spot, with the flip where it changes sign.

Drift v1.0.0 WIRE V2

Aggregate dealer vanna and charm from the pasted code, with the session context that makes them readable.

SMC v1.1

Smart-money-concepts structure: liquidity, order blocks, and the key-opens model.

What “WIRE V2” on a card means

The code you paste carries a version. A script prints the highest version it can read — not the highest that exists. If your pasted code is newer than the script, the script says so and asks you to update it; if it is older, the script draws it correctly and says where it came from.

A script showing a lower version than its neighbours is not broken. It means that script has not been taught the newer keys yet, and it is telling you rather than quietly drawing an incomplete map.

What none of this is

Options data is derived from Cboe's delayed feed on every tier — it is not a real-time quote. A pasted code is one snapshot at one instant and does not update with the tape; every script prints its age and dims when that age stops being defensible.

Nothing here is a prediction, a signal, or advice. Levels describe where dealer hedging pressure sits, not where to buy or sell.

Questions people actually ask →