Map Module

Reminder: The ⚙️ Panel (to the right of the command bar) - contains reference to all module parameters and allows customization. Learn more about the cog.

Quickstart:

Enter command map.

Manual:

“Map” refers to a map of dealer deltas.

The map module takes an estimate of current dealer deltas and then runs a simulation for a range of future times and prices and calculates dealer deltas for all those times and prices.

These deltas are what are displayed on the large box on the left side - which is the “map”.

There are three colors in the map:

• green: deltas are lower than current, so dealers would have to buy-to-hedge. This is bullish pressure
• red: deltas are higher than current, so dealers would have to sell-to-hedge. This is bearish pressure.
• black: deltas are equal to current deltas - dealers wouldn’t have to hedge. This is the path of least resistance.

Knowing where the path of least resistance is, along with where buying and selling pressures kick in - can help in creating a trading plan.

On the right side of the map there are two columns.

The first column corresponds to 0dte expiration, the second column is an aggregate of all expirations. What you see in these columns is:

• pale-filled bars: open interest for each strike (yellow=calls, blue=puts)
• sharp-bordered bars: volume for each strike (yellow=calls, blue=puts)
• blue curve: aggregate deltas below each strike
• purple curve: aggregate gammas below each strike