0DTEZero Days To Expiration — options that expire today.
ADRAverage Daily Range — how far SPY typically moves in a day.
ConfluenceHow many edges agree in the same direction. Higher = more conviction.
DeltaHow much the option moves per $1 SPY move. Higher = more responsive.
EMA 8/21Exponential Moving Averages. A golden cross (8 above 21) = bullish. Death cross = bearish.
InvalidationThe price where the trade thesis is dead. Cross it = exit immediately.
IV RankCurrent VIX vs 52-week range. High (>70%) = sell premium. Low (<30%) = buy options.
Kill ZoneHigh-probability trading windows: London Open, NY Open, NY PM.
ONH/ONLOvernight High/Low — price range from yesterday 4pm to today's open. Key magnets.
ORBOpening Range Breakout — 9:30-9:45 AM high/low. Breaks continue 72% of the time.
PDH/PDLPrevious Day High/Low — key liquidity levels institutions target.
PM H/LPremarket High/Low — 4am-9:30am range. Broken PM levels = momentum signal.
PO3Power of 3 — ICT concept: the 10AM 4H candle sets the daily wick, then reverses.
R/RRisk/Reward ratio — profit potential vs. max loss. Aim for 2:1+.
SMTSmart Money Technique — ES/NQ divergence signals institutional positioning.
SparklineMini price chart in the header — green = up trend, red = down trend.
ThetaTime decay — 0DTE options lose value rapidly, especially after 2 PM.
VIXVolatility Index — measures market fear. High VIX = bigger moves expected.
VWAPVolume-Weighted Avg Price — THE institutional benchmark. Above = bullish, below = bearish.
GEXGamma Exposure — measures MM hedging pressure. Positive = mean reversion. Negative = breakouts.
GEX FlipThe strike price where dealer hedging flips from stabilizing to destabilizing.
Position SizerAuto-calculates max contracts based on account size, risk %, and option price.
Calendar RiskEvents like FOMC, CPI, and NFP create unpredictable moves. Reduce or avoid 0DTE on event days.