Understanding LevelBrief
How to use the Home page
The Home page is your daily-pulse glance. Regime, key levels, and headline catalysts in one screen — meant to be readable in 15 seconds.
What you see
Market mode card — the gamma regime label (range-bound, trending, near a wall, near the flip, or volatile). Key levels card — the call wall, put wall, gamma flip, and max pain prices. VIX bar — current expected volatility. Smart money teaser — recent insider activity. News teaser — top headline. Catalyst teaser — next scheduled market-moving event.
How to read
Mode color: green = positive gamma (dealer hedging dampens moves); red = negative gamma (dealer hedging amplifies moves); amber = transition zone near the flip or a wall. Levels: these are dealer-positioning concentrations — dealers tend to sell stock as price rises into the call wall and buy as it falls into the put wall. They are reference levels, not guarantees.
Next
Click any card title to dive deeper. Want the live picture? /live. Want a written summary? /brief.
How to use the Brief page
Three written briefs per day — morning (~07:00 ET), midday (~12:30 ET), and closing (~16:30 ET). Each is a plain-English summary of the regime, the key levels, today's catalysts, and cross-asset context.
What you see
Headline + Summary + Critical Today (catalysts that could move price) + Three Things (the most actionable observations) + Cross-asset prose (bonds, dollar, oil, gold) + Catalysts (scheduled events) + Regime read (gamma context).
How to read
Skim Headline + Summary first (30 seconds). Critical Today is the must-watch list for the session. Three Things is the editor's take on what is most worth noting today. The Brief is descriptive — what the market is, not what to do about it.
Next
Want the live gamma view? /gex. Live wire? /news. The streaming HUD? /live.
How to use the GEX page
The live gamma-exposure dashboard. Shows where dealer hedging is concentrated — that is, where price tends to get absorbed (positive gamma) or amplified (negative gamma).
What you see
Status pill (data freshness) · Hero metrics (spot, net GEX, distance to flip, hedge band, IV30) · Action map (where dealers are buying vs. selling) · Gamma profile chart · Dealer action note · Levels grid (call wall, put wall, flip, max pain) · Top strikes table · Heat map · Regime banner.
How to read
Above the gamma flip + positive net GEX → dampening regime; price tends to mean-revert toward the flip. Below the flip + negative net GEX → amplifying regime; moves can extend further than usual. Strikes with the biggest GEX tend to act as pinning zones near expiration. Hedge band (low/high) = the range over which dealers are roughly balanced.
Next
Want the written take? /brief. The streaming version embedded in a HUD? /live. Glossary terms: GEX, flip, call wall, put wall.
How to use the News page
A live wire of high-impact financial headlines, automatically categorized and impact-tagged.
What you see
Top story banner · Filter pills (FED · EARN · GEO · MACRO · TECH · MARKET) · Wire feed in reverse-chronological order.
How to read
Red border = HIGH impact (likely market-moving). Amber border = MEDIUM impact. Time-ago badge turns red under 5 minutes, amber under 30 minutes — a freshness cue. Use the filter pills to focus on the category you care about.
Next
Want the risk calendar? /threat. Want how the wire fits the day's regime story? /brief.
How to use the Flow page
Where money is moving. Sector rotation, cross-asset context, and smart-money observations from insider and 13F data.
What you see
Sector rotation table (today / week / month leaders and laggards) · Cross-asset pane (bonds, dollar, oil, gold) · S&P 500 heat map · Top contributors to the index move · Institutional activity (recent insider buys, latest 13F adds and reductions).
How to read
Sector leaders/laggards show today's risk appetite — defensive sectors leading is a different tape from tech leading. Cross-asset arrows place equities in a risk-on or risk-off context (e.g., bonds rallying with stocks selling = risk-off). Insider buys over the past 7 days are open-market purchases by company executives. 13F adds and reductions reflect what major hedge funds did last quarter (lagged data).
Next
What triggered the flow? /news. What do dealers think? /gex.
How to use the Threat page
A geopolitical and macro risk monitor. DEFCON-style calendar of upcoming events plus regional flashpoints and a black-swan tracker.
What you see
DEFCON calendar (next 7 days of scheduled events ranked by severity) · Regional monitor (active flashpoints by region) · Black swan tracker (low-probability, high-impact watch list).
How to read
Red pill = high risk this week. Items with countdown timers are scheduled events with a known release time. See the DEFCON glossary for severity levels.
Next
Live updates as events unfold? /news. Written context for today's risk picture? /brief.
How to use the Live page
The live command center. A cockpit-style HUD that distills regime, flow, and market structure into a single glanceable screen. Auto-refreshes during US market hours.
What you see — 8 layers
1. Regime banner — what gamma regime the market is in right now (positive = dampening, negative = amplifying, at-flip = transition).
2. Read panel — plain-English structural read: where price sits relative to walls and the flip. Describes the environment, not a trade direction.
3. Live tape — 1-minute flow-frame bars for SPY, color-coded by money-flow direction. Auto-refreshes every 30 seconds.
4. Key levels — call wall, hedge band, gamma flip, put wall, and max pain shown as a vertical price ladder with a spot marker.
5. Flow intel — sector leaders and laggards, cross-asset arrows, recent smart-money insider buys.
6. News wire — the top 4 high-impact headlines with category pills.
7. Catalyst clock — countdown to the next scheduled economic event. HIGH-impact events pulse red as they approach.
8. Vitals bar — VIX, IV30, skew, net GEX, risk-on/off, market state, and feed heartbeat dots.
How to read
Regime banner color tells you the structural environment in one glance. Tape shows momentum and money-flow direction in real time. Levels rail shows where price is most likely to be absorbed or amplified. Vitals heartbeats green = data fresh; amber/red = a feed is lagging — interpret with care if a dot is not green.
Next
Deep gamma chart? /gex. Written context for the day? /brief.
How to use Login
The subscriber gate. Logged-in members get the /trade page (live recommendations, scalp setups, entry/stop/target overlays). All public pages — Home, Brief, GEX, News, Flow, Threat, Live — stay free and require no account.
1. GEX (Gamma Exposure)
What it is
GEX measures how much options dealers need to trade stock to stay hedged. When traders buy options, dealers take the other side. To manage their risk, dealers adjust their stock position as prices move. GEX tells you how much of this hedging activity is happening.
Why it matters
High positive GEX means dealers are buying dips and selling rallies — this creates a dampening effect that keeps prices in a range. Negative GEX means dealers amplify moves — prices can swing sharply in either direction.
2. Gamma Flip
The price level where dealer hedging flips from dampening moves to amplifying them. Above the flip, dealers stabilize the market. Below it, dealers can accelerate selling.
3. Call Wall
The strike price with the most call option gamma. Acts as an upper barrier — as price approaches, dealer hedging activity increases and often slows the advance.
4. Put Wall
The strike price with the most put option gamma. Acts as a lower barrier — as price approaches, dealer hedging activity increases and often cushions the decline.
5. Market Mode
6. VIX (Volatility Index)
The market's expectation of volatility over the next 30 days, derived from S&P 500 options prices. Often called the "fear gauge."
7. Expected Move
The range the market expects the S&P 500 to move within the current expiration cycle, based on options pricing. For example, ±42 pts (0.6%) means the market expects SPX to stay within 42 points of the current price.
8. Max Pain
The price at which the most options contracts expire worthless. At this level, option buyers collectively lose the most money and option sellers profit the most. Price often gravitates toward max pain near expiration.
9. Put/Call Ratio
Total put option volume divided by call option volume. Below 0.7 suggests bullish sentiment (more calls being bought). Above 1.0 suggests bearish sentiment (more puts being bought). The 30-day average provides context.
10. IV Percentile
Where current implied volatility ranks compared to the last 52 weeks. The 68th percentile means current IV is higher than 68% of readings in the past year. High IV percentile means options are relatively expensive.
11. Pivot Levels (PDH, PDL, PDC, R1, S1)
Mathematical levels calculated from the prior day's high, low, and close:
These are reference points, not predictions. Traders use them as a map of where price has been and where key calculated levels sit.
12. Market Sentiment Gauge
Our composite score from 0–100 measuring overall market mood using 9 real-time indicators.
Components: VIX level, VIX curve shape, put/call ratio, market momentum, breadth, safe-haven demand, junk-bond spread, GEX regime, and price position relative to the gamma flip.
13. DEFCON Levels
Our assessment of upcoming event severity:
14. Sector Flows
Daily, weekly, and monthly percentage changes for the 11 S&P sector ETFs (XLK, XLF, XLY, etc.). Shows which sectors are gaining and losing relative to the broader market.
15. Index Contribution
How much each stock contributed to the index's daily move, calculated from the stock's weight in the index multiplied by its percentage change. A stock with 7% weight moving +3% contributes more than a stock with 0.5% weight moving +10%.
16. Session Time Markers
Vertical lines on the chart marking when global markets open or close:
This guide is for educational purposes only. It does not constitute financial advice. All metrics are derived from publicly available market data. See our full disclaimer.