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Look up a tool, a setup or a trading day. Try SPY, divergence or August 31.

13 articles

Options CVD

Options CVD: read the flow behind the move

A clear guide to SPX, SPY and QQQ options flow, including Split, Net and Compare.

Core · 4 min read ↗

Options CVD

Two flow charts. One price response.

How to read futures cumulative delta, options CVD and price together.

Practical · 3 min read ↗

Session studies

Two call-flow extremes. Two ES reversals.

September 1: a burst of SPX call buying appears near the morning high, then heavy call selling appears near the afternoon low.

Session study · 2 min read ↗

Session studies

SPY CVD gives the clue. QQQ gives the stronger rebound.

August 31: a SPY CVD divergence flags the afternoon low. QQQ then rebounds farther than ES in percentage terms.

Session study · 2 min read ↗

Session studies

QQQ CVD divergence at the second ES high.

August 28: QQQ options CVD makes a higher high while ES fails to exceed its first morning high—a bearish divergence before the selloff.

Session study · 2 min read ↗

Session studies

SPX call selling ends. QQQ rebounds.

September 9: SPX call flow breaks away from SPY and QQQ, then the market turns higher as the selling ends.

Session study · 2 min read ↗

Session studies

Buying all day. Price going nowhere.

September 8: an ES session with rising cumulative delta, weak price and two sharp changes in character.

Session study · 2 min read ↗

Session studies

A sharp SPX call imbalance. A rebound to study.

A September 8 look at a −17,000 SPX call CVD reading and the QQQ rebound that followed.

Session study · 2 min read ↗

Dealer context

Atlas: give the flow a location

How Atlas dealer levels may add location to a CVD setup.

Supporting · 2 min read ↗

Dealer context

Amon Hen: the platform behind options CVD

A quick tour of Amon Hen, our work with HelmFi and the tools we use most.

Platform guide · 2 min read ↗

Futures cumulative delta

Cumulative delta: what it tells you—and what it cannot

A clear guide to what cumulative delta measures and how to read it beside price.

Intermediate · 4 min read ↗

Research & risk

From a trading idea to a strategy you can actually test

Turn a chart idea into clear rules that can be tested.

Foundational · 4 min read ↗

Research & risk

Risk, expectancy and drawdown: look beyond win rate

See how win rate, average wins, average losses and costs work together.

Foundational · 5 min read ↗