Q-BITFDocs
03 / Using the appPage 17 of 66

Exposure views

Gamma, delta, vanna, charm and convexity by strike, as ladders, profiles and heatmaps.

View .md ↗
ViewWhat it answers
Gamma exposureWhere are the walls and the flip, and how big is net GEX?
ExposuresNet gamma, vanna and charm by strike, side by side
DEX ladderWhere would hedging add buying or selling?
Vanna / charm ladderHow does hedging change with volatility and with time?
Convexity ladderWhere are moves likely to speed up or stall?
Greek heatmapHow does exposure spread across strikes and expiries?
Options profileWhere are open interest and today's volume concentrated?
Equity GEXThe same read for any single stock, day-trade or swing horizon

Reading the ladders#

Bars to the right are positive, to the left negative. The longest bars are the strikes that matter most. Hover a bar for its exact value.

Vanna and charm#

  • Vanna matters when volatility moves. When implied volatility falls, vanna hedging can turn into steady buying, and the reverse when it rises.
  • Charm is the drift that comes from time passing alone. It builds into the close on expiry days, whatever price does.

Scope and weighting#

Most views let you pick the expiry scope and the weighting. See Expiries and 0DTE.