Learn

Learn to read options market structure

Understand what the TanukiTrade metrics measure, how they fit together, and where their limits are. Start with the reading path, then use the topic pages as a reference.

Context before conclusions

A useful analysis names the symbol, expiration, aggregation method, and snapshot time. A green badge, a large wall, or several overlapping labels cannot replace that context.

A guided reading path

01 · FoundationsGamma and dealer hedging

Separate an option’s Greek from an aggregated exposure model.

02 · ScopeChoose the expiration

Understand what is included in standalone and cumulative views.

03 · StructureRead HVL, walls, and zones

Identify the regime and the concentrations around it.

04 · ConfluenceConnect gamma, OI, and volume

Understand why several measurements share a strike.

05 · PricingCompare volatility and ranges

Read IVR, IVx, skew, and expected move together.

06 · ApplicationBuild and review a market map

Describe alternatives, observe price, and revisit the assumptions.

Find the explanation you need

Your question	Start here
Why can the same market show different GEX states?	Expiry selection and aggregation
Why does a call wall fail to stop a rally?	Dealer hedging, misconceptions
Which of the many labels deserves attention?	Secondary level badges, confluence, profile quality
Why do prices move while OI stays unchanged?	Data clocks and model limits
Does 16 delta mean a 16% chance of touching?	Probability and position risk
How do the tools fit a real options review?	Lessons from the trade walkthroughs

The GEX article series

These longer TanukiTrade articles provide the original explanations and historical chart examples behind the GEX learning path.

What Is Gamma Exposure (GEX) — And Why Traders Should Care
Delta, gamma, hedging mechanics, and the importance of time horizon.
The Most Dangerous Misconceptions About Gamma Exposure
Why walls, OI, and regime labels do not determine direction.
How to Read GEX Step by Step
Scope, regime, structural hierarchy, and ambiguous profiles.
From GEX to Confluence
Layering gamma, positioning, and volume on the chart.

For controls and setup, use the WebApp guides or TradingView guides. Learn focuses on interpretation. Historical illustrations explain the concepts; they are not current market assessments or trade instructions.

Prefer video? The Video Academy has the daily SPX 0DTE prep, the futures process, swing-trade examples, and platform onboarding.

TanukiTrade documentation. Levels are context, not a recommendation. tanukitrade.com