Traders love to say “follow the smart money.” But if you’re not tracking GEX, delta exposure, or the positioning of market makers through the Greeks, you’re not following smart money—you’re just following price.
This blog breaks down how to use Gamma Edge’s $netstat and $s commands to extract real-time positioning data and use it to build quant-level daily and weekly trading strategies—exactly like we do inside Rawstocks.
📐 The Greeks You Need to Understand
🔺 Delta
Delta measures how much an option’s price will change for every $1 move in the underlying stock. But for market makers, delta is a hedging signal.
When dealers are long delta, they need to short the underlying to stay neutral. When short delta, they need to buy shares. This creates dealer flow pressure that we monitor daily in the Rawstocks analysis thread.
Why it matters: If net delta exposure is rising, dealers are increasingly positioned to buy dips. If it’s dropping, expect selling pressure—this is how we gauge support for names like $TSLA and $QQQ in our daily prep.
🔼 Gamma
Gamma is the rate of change of delta. Think of it as acceleration.
Positive gamma stabilizes the market—dealers buy into dips and sell into rips. Negative gamma? That’s fuel for volatility. Dealers must chase price.
Why it matters: Watch for gamma pivot zones. These are key price levels where gamma flips from positive to negative—expect larger moves when price breaks through these zones.
We use this logic to define breakout/breakdown zones in our QuantViper callouts and chart overlays.
⏳ Charm
Charm is the change in delta as time passes.
Charm becomes most important between 10:30–11:30 AM ET as time decay causes delta to shift dramatically. This is known as the charm unwind—a core part of our intraday timing strategy.
Why it matters: During charm unwinds, dealers adjust their hedges quickly—this creates hidden flows that often trigger midday reversals or continuations.
We post charm-heavy watchlists every morning in our Discord when the timing window aligns with soft VIX and trending names.
⚡ Vanna
Vanna measures how delta changes with volatility.
If implied volatility (IV) drops and dealers are short vanna, they must buy back shares. If IV spikes, they may dump shares to hedge.
Why it matters: Understanding vanna helps you time trades around events like CPI, FOMC, or earnings—when IV shifts violently, so does dealer positioning.
This is a critical element of our 0DTE edge framework, especially for post-news continuation or fade setups.
💻 Using Gamma Edge’s $netstat Greeks Command
The $netstat command on Gamma Edge gives you a breakdown of:
- Net delta and gamma exposure by ticker
- Cumulative positioning across nearest expiration
- Dealer impact based on where the underlying is trading
How to use it:
- Look at the current spot price.
- Compare it to greek exposure zones.
- Identify if the underlying is near a gamma wall or pivot.
If net gamma is negative and price is approaching a high open interest level, expect sharp reactions.
Rawstocks Tip: When we see a flip in net delta from +300K to -80K we immediately adjust bias. This signals dealer positioning regime change—exactly the moment Rawstocks Analysts look for.
🧠 Using the $s Greeks Command for Intraday Edge
The $s command visualizes where calls and puts are:
- Deep ITM
- At-the-money (ATM)
- OTM and building open interest
You’ll also see how gamma, vanna, and charm are distributed across strikes.
How to use it:
- Identify the 0-GEX zone: This is the most critical gamma pivot.
- Check delta skew: Are puts weighted heavier or calls?
- Look at charm zones: Expect acceleration near strikes with high charm decay.
Rawstocks Quant Stack: We break down $s data into two key setups:
- Crash Fuel: When price is below 0-GEX, charm is decaying, and negative vanna stacks under spot.
- Call Chase Flow: When price breaks above positive gamma pivots and vanna favors IV crush.
📈 Building Daily and Weekly Greeks Strategies
🔹 Daily (0DTE) Plan
- Run $s and $netstat premarket.
- Mark 0-GEX, delta flips, and major gamma walls.
- Confirm alignment with VWAP intraday.
- Watch the charm unwind window (10:30–11:30 AM ET).
🔸 Weekly Plan
- Track gamma build-up around Thursday.
- Note where the max OI sits on both sides.
- If gamma trends toward neutral by Friday, expect a pin.
- If net gamma goes negative into OPEX, prep for volatility expansion.
We model this every day on Discord, using the same process for $TSLA, $QQQ, and $SPX.
🚀 The Rawstocks Quant Flow Stack
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