Guide to Using "My Dashboard"
A personalized Watchlist is a powerful tool to help you track all the names you care about and make data-driven decisions. This guide walks you through how to use some key columns.
[ Cross-posted from the Trading Volatility blog ]
Getting Started
To start using your personalized Dashboard you must first enter as many as 40 tickers that you would like to track. This will provide key data and allow for a daily email with GEX data and ratings changes (activate on your Alerts page).
1. Use the Rating as a Compass
The “Rating” column provides a simplified summary of the data. Use it to filter your list.
BULLISH: Typically better setups with supportive structure.
HOLD: Expect consolidation / pullback while in a bullish trend.
AVOID: Lacks strong direction.
WAIT: Transitional setups, usually occurs when a stock is attempting a bottom.
BEARISH: Downside risk or unfavorable positioning.
Takeaway: Start with the rating, then confirm the signal using GEX and Dist to Flip.
2. Close to GEX Flip = Higher potential for direction change
Example: AMZN → GEX: -$1,984,399, Dist to Flip: -1.15%
A small or negative “Dist to Flip” means the stock is near a key transition point in positioning.
The rating will change as price crosses above or below the GEX Flip point.
Takeaway: Crossing a GEX flip point is often a good place to enter or exit a position.
3. High IV + BEARISH Rating = Overpriced Risk
Example: AMD → IV: 77, Rating: BEARISH, GEX: $3.7M
High implied volatility means option prices are inflated—you're paying top dollar for puts. To determine if IV is "high" for a stock you can check that stocks Skew Charts page for a historical context of IV.
A bearish rating indicates downside pressure, with limited edge for new entries.
Takeaway: When IV is high and the rating is BEARISH, the setup is skewed against you. Sit this one out.
Real Use Case 1: Should I Buy ADBE?
Dashboard Data:
GEX:
$1.9MDist to Flip:
17.95%IV:
45.27%Rating:
WAIT
Interpretation: ADBE has undergone a downtrend and is attempting to find support at an oversold level, coinciding with "PUT SUPPORT" where there is a large concentration of put gamma.
Action: Wait for GEX to shift better structure, ideally crossing above the GEX Flip point.
Real Use Case 2: Should I Buy GLD?
Dashboard Data:
GEX:
-$30MDist to Flip:
-0.79%IV:
18.9%Rating:
BULLISH
Interpretation: GLD is in a bullish trend. However, it should be monitored as it is close to the GEX Flip level where the rating would likely change.
Action: Continue to hold if you own it. However, it is not an ideal time to establish a new position since the trend has been in place for quite a while.
Final Tips
Start with just 3 columns: GEX, Distance to Flip, and Rating.
Good long entries typically include:
Negative GEX with positive call skew.
Positive GEX with negative call skew.
A BULLISH rating.
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