The Tail Wagging the Dog
Options Positioning Drives ES Futures
On any given day, well over 50% of total SPX options volume concentrates in the 0DTE contract. That activity isn't happening in a vacuum. When call speculators pile into a strike, market makers must hedge by buying ES futures, pushing price higher. When put buying accelerates, dealers sell futures, pulling price down.
That's not theory. It's mechanics. The levels where this hedging pressure concentrates become the structural support and resistance for ES, and they're visible in the options data before the market opens.
GammaEdge reads that positioning data and translates it into a structural map of the session: where ES is likely to trend, where it's likely to chop, where it accelerates, and where it stalls. You get the roadmap. Before anyone takes a single trade.