Some people use GEX/VEX maps to determine when to take a trade, but using this in combination with market tide and net premiums is how I determine daily trend on the indexes before combining the other elements.

Using a checklist of looking at:

  1. 1. Market Tide

  2. 2. 0DTE Net Premium (QQQ, SPY, NVDA, MU)

  3. 3. 1DTE Net Premium (QQQ, SPY, NVDA, MU)

  4. 4. Overall Net Premium (QQQ, SPY, NVDA, MU)
    5. GEX/VEX Maps

    Gives me confidence of whether to enter a put/call trade and when to take profit. Watching for spikes in call/put premiums and seeing net premiums diverge from call heavy to put heavy can help you understand which direction the market will trend. A good example is on Friday, during the Warsh speech. We knew that we had a call wall at 775 and once that call wall was hit, we can see that puts crossed calls on Market Tide and SPX gave us a 70-point dump. Net premiums did not follow suit, but understanding where resistance was and seeing calls exiting were the early signs that we will probably see a change of structure.

    When you combine market tide, net premiums, and GEX/VEX maps this is how you can have greater conviction to know what direction a trade will go! Paying attention to the market leaders such as MU and NVDA can help you forecast a move as it brewing by applying this same strategy.