The Playbook & Warnings: the deterministic read
TL;DR
- The Playbook compresses every panel into Bias / Favor / Avoid / Targets / Sizing — read it last, after the panels.
- Sizing is a risk throttle, not permission: Full size, ~70%, or 50%/flat; NEUTRAL forces Flat / 50% max.
- A firing skip trigger means your GEX thesis is void — whatever the other panels look like.
Every panel above compresses into one honest question: is there a gamma edge right now, and if so, what shape does it have? The Playbook answers it deterministically — same inputs, same read, no hindsight.
The Playbook card
Five rows, always in this order:
| Row | Positive regime | Negative regime | Neutral regime |
|---|---|---|---|
| Bias | Mean-reverting / range-bound. | Trending / directional. | No regime edge — wait. |
| Favor | Fades only at the strongest walls; scalps toward the nearest magnet. | Continuation with the trend; pullback entries via orderflow. | Standing aside until spot leaves the zero-gamma zone. |
| Avoid | Chasing breakouts; fading mid-structure. | Counter-trend fades / mean-reversion. | Initiating on a GEX thesis — there isn’t one. |
| Targets | Exit into the next strong wall (1:1–1:2). | Partial 1:2, trail to the next strong wall. | n/a — no GEX-driven trade. |
| Sizing | From conviction (below). | Flat / 50% max. | |
Sizing is a throttle, not a green light
Sizing follows conviction: HIGH → “Full size.”, MEDIUM → “~70% (moderate conviction).”, LOW → “50% or flat (low conviction).”, and NEUTRAL forces “Flat / 50% max.” Read it as a cap on your own setups — it is never permission to enter.
Warnings / Skip triggers
The Warnings card lists traps the engine flags — ⚠ for cautions and ⛔ for hard skips (counter-trend, conflicts, stale data). When it’s clean it simply says “No warnings — clean read.” Real examples you’ll see:
- “Mid-structure in a positive-gamma regime: no fade edge… A fade here — especially a short into strength — is a counter-trend trade in disguise. Skip.”
- “Spot within 25 pts of zero gamma — transitioning, no edge.”
- “Max-change GEX is building ABOVE spot (upward pull) — avoid shorts beneath it.”
- “Stale data — outside RTH or the API timestamp is old. Treat levels as indicative only.”
If a skip trigger fires, your GEX thesis is void — no matter how good the other panels look. That’s the point of a deterministic engine: it’s willing to tell you to stand aside, which is the rarest and most valuable feature a retail tool can have.
The value we add & correct use
The read is deterministic (same inputs → same output, no hindsight-fitting), conservative by default, and willing to say wait. Read the Playbook last, after you understand the panels feeding it. Expect “wait” a lot in neutral/transitioning conditions — that’s the engine working correctly, not failing to find you a trade. The footer says it plainly: “Context only — entries come from your orderflow, never from this tool.”
Do this on the dashboard now
- Read the panels first (Regime → Zero gamma → Walls → Flow), then the Playbook.
- Check the Warnings card. If a ⛔ skip is firing, stand down on the GEX thesis.
- Use the Sizing line as a cap on your own setup — not as a reason to take one.
- If Bias says “wait,” wait. That is a valid, common, correct outcome.