🚽 Morning Report - Overnight Flush
Day Trading Update 3/13/26
Welcome to the morning report, where I go over the setup for the day as it relates to day trading. I’ll review levels using options gamma and show you where the support and resistance lie along with some other proprietary metrics like options skew and my very own Day Trading Bar Score that have good track records for forecasting bullish or bearish tendencies for the day.
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Today’s Setup
Markets flushed down to key support overnight and rallied.
You don’t need to be a genius to see how many puts are in the Options Chain here. You almost can’t see any more positive bars on the right side of the Gamma Profile, which indicates no one is betting on upside for these markets. The mountain of puts on the left side of this chart are likely to burn soon. They are top 1-5 percentile expensive too. Hedges like this rarely work.
The flush occurred when Europe opened. We are being pulled back into the larger Options Positioning Nodes. The gravity of the positioning is just too difficult to avoid.
For Subs
We will take a look at our Gamma Ratios this morning. They are sending us some signals. I also have a critical chart from insiders regarding the energy complex. It will guide the way going forward for the direction of oil prices.