Across market regimes
1997–2000: learning equities, then trading the expanding volatility of the dot-com era.
Early to mid-2000s: trading NYSE execution patterns with spreadsheet automation, then adapting when the market rules changed.
2006–2009: trading stocks through the housing boom, financial crisis and the quieter period that followed.
2010s: event-driven markets and evolving execution, followed by a move into options in 2017.
2020–2021: options through the pandemic and extraordinary activity surrounding meme stocks.
Today: futures and options order flow, coding, systematic research and the practical use of cumulative delta.
What draws our attention
Daily use teaches us what normal looks like. We pay attention when that changes: heavy buying that cannot lift price, one options market breaking away from the others, or flow reversing after a long move.
Under the Price turns those observations into plain explanations and chart studies. We start with futures cumulative delta and options CVD, then add dealer levels where they may help.
The editorial voice
We use “we” throughout the site. It is the editorial voice of Under the Price, built around the trading history above. The goal is to explain our thinking clearly enough that readers can judge it for themselves.
An interesting chart is a starting point. We separate what happened, what we think it may mean and what we still need to test.