In today’s options-driven markets, price is no longer just about buyers and sellers in the traditional sense. It is heavily influenced by hedging flows, positioning, and derivative mechanics. Gamma exposure provides a window into that hidden layer of the market. At 9:33 AM GEX was mostly at 23600 and 23500 showing signs of directional movement if market breaks any of these levels and Nifty spot broke 23600 levels and it didn’t come back to 23500 levels after that and according to premium...

India’s benchmark Nifty today opened gap down by 150 points and then saw a one sided downward movement towards 22800 levels. So what really went wrong, why did markets fall? Why is it different this time? The 450 points fall had a mathematical element of surprise as the move was pre planned by market makers. Retail clients also can replicate these moves if they can determine the point where the theta overshoots its neutral threshold. Why Did Nifty Fall? Step one is understanding what the...

To measure how Implied Volatility impacts options premiums, we must first define what implied volatility is. The majority of derivatives analysts consider implied volatility as the expected future volatility of the underlying. Let us set the record straight: Implied volatility is not the measure of the volatility of the underlying instrument. Implied volatility reflects the behaviour of a specific option strike. It makes no predictions about future price swings of the underlying instrument,...