GEX and Orderflow are King

22 Oct 2026 · 1 min

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In this commentary, the speaker argues that relying solely on candlestick price action blinds traders to critical market information revealed by option levels and futures order flow. He points to a specific call wall—an options‑derived resistance level—where buyers are absorbed and sellers dominate, causing price to fall. He highlights a large institutional bull call spread bet that creates positive gamma for market makers, prompting them to buy dips at that level. Finally, he notes the absorption of big sellers and the takeover by buyers, emphasizing that these dynamics are observable through GEX (gamma exposure) and order flow analysis, not through traditional price action alone.

Chapters

If you're a trader and you're still using candlestick, you're choosing to be blind to this crucial information. These are option levels and these bubbles are futures order flow. And right where this line is, it's a call wall. This is a resistance level from the options market. And right there you see buyers being absorbed at the top and just below sellers taking control. Price starts falling and you're going to guess, hey, where is it going to stop? Well, option levels told you way before. Here there was a huge bet, probably a bull call spread made by an institutional trader. At that level, market makers at a lot of positive gamma to take care of, and that's where they typically buy the dip. And finally, we see big sellers being absorbed and buyers taking control. And this is the kind of stuff you cannot guess with price action alone.