I havent been subscribed to rocket scooter for awhile. I switched to Volland so I could view the data and make informed decisions based off the data, particularly vanna, combined with gamma as well as dark pools & raw delta structure correlations from Tradytics. I personally wasn’t a fan of the irrational markets theory presented by rocket scooter and was really only using it for the hedge pressure and monthly hedge pressure levels.

They happen quite a bit actually, we typically see the flow build up happen before the big change as institutions reposition. However, during times of high volatility flow can lag behind, usually dealer positioning can clue us in first. Take a look at this post I made before this week opened and it was clear, along with dealer structure, the big drop was incoming. twitter.com/fatty_trades/status/1627378097791139840?s=46&t=NsbRyB0jAVKY-QEiqxM4nQ Anyway, regarding NQ, I actually trade NQ more than ES & I use a combination of SPX/SPY Dealer data to help prep for doing so. I trade ES during the NY open and NQ really any other time of day just because NQ is a little too volatile for my liking during the NY open. But since they are so tightly correlated, when we see indications of a big directional move incoming, it applies to ES, NQ & even YM or RTY typically.

I break that all down in this video. In short positive vanna above spot or negative vanna below spot is a magnet (usually correlated with positive gamma but not always). Negative vanna above spot or positive vanna below spot is typically a repellent (usually correlates with negative gamma but not always). kzfaq.info/get/bejne/hrucidOEr7DIlqs.html

I tried rocket scooter for a time & I like their service but it was too new and needed to mature a bit. Also, I didn’t agree with the irrationality principle they pushed a lot but that could be ignored. I personally prefer Tradytics because I can view the data myself and they constantly are expanding their tools and have a very stable platform.

I am a HUGE fan of dealer diary and have incorporated in my regular strat, shown here. kzfaq.info/get/bejne/eN91bL1j1dXGdIE.html The how it works can be found here. kzfaq.info/get/bejne/mOCgrZyF2863lqs.html I still need to cover flow map and timeline, however flow map can work in a similar way as dealer diary but smaller impact from a weekly perspective.

Unfortunately Tradytics doesn’t display vanna properly which is why I use Volland for dealer data & why Trady & Volland partnered up. Tradytics only shows contracts at the bid/ask in its GEX/VEX levels so it misses significant positions. This is common actually, services like spot gamma & GammaEdge make assumptions about dealers being long calls & short puts which is also inaccurate. Volland is the only one that makes no assumptions & includes every contract that hits the tape. They have a complex method to figure out if dealers are long or short and compares against many data points to ensure accuracy. They are the only service I know of that does it to this extent which is why I signed up. I still love Trady and they have many great services. I use them for what they’re good at - uniquely potent data driven insights of flow data, dark pools and raw deltas across the market. Dynamic hedging requirements however is best shown by Volland. Volland shows us what hedge funds are looking at using the classical hedge fund methods. Combining the two gives some incredible insights and can be done for the top 200 optionable assets across the market. It’s as close to a crystal ball as it gets, especially when combined with the charts.

Sure will do, but keep in mind you only have a threat of being exercised if you are selling options. If you are doing spreads where you sell options, the legs you buy also protect you from them getting exercised. I do want to make a video about options selling at some point but most of my content is centered around buying to open then selling to close, so there is no chance of having them exercised, since as the option buy you would have to be the one to exercise them.

@@FattyTrades hope to see that vid as that’s the only type of trade I do, either selling the call or put, to get paid up front instead of at the end of the trade.

It is! It just doesn’t show up until once you go through with the purchase but it will be reflected in your bill. Happy to do it 👍

Thank you! I usually just stick to the charts and dealer/flow data but there are certainly opportunities in that realm.

@@FattyTrades cool. Where approx are you located? If close by, we can get together at Starbucks to chill and talk trading.

I’m located about an hour north of Baltimroe, MD. How about you?

@@FattyTrades I'm about 90 min north of Philadelphia. Do you ever attend the money show in Philadelphia?

No I never have, what is that about?

it has a subscription

Subscription based. It’s a complex tool that requires a good understanding of Vanna and Gamma, however if you learn it, it will pay for itself in one day. Especially if you structure targets and spreads around vanna repellents and magents which I plan to do some videos about soon.