FAQ + Glossary

Bollinger Bands plot a middle moving average and upper/lower bands based on recent volatility. When volatility expands, bands widen; when volatility contracts, bands tighten.

Many people watch for squeezes (tight bands) and mean-reversion vs breakout regimes.

• SMA (simple moving average): equally-averaged closing prices. Often used for longer-term trend (e.g., 200).
• EMA (exponential moving average): similar to SMA but weights recent candles more heavily (reacts faster).
• VWAP (volume-weighted avg price): “fair price” reference for the session; commonly watched intraday.

Best use: combine them with structure (high/low, gaps, pivots) and volatility. Don’t use one line in isolation.

Dealer Map is a quick overlay that highlights key positioning-derived levels like Flip, Top +Wall, and Top −Wall.

• Flip: a rough regime line where dealer hedging behavior may shift (stabilizing vs amplifying).
• +Wall: often acts like a “magnet / pin” zone when positioning is concentrated.
• −Wall: can behave like an “accelerator” zone in some regimes.

These are probabilistic context levels — not guaranteed support/resistance.

• 1D: swing context, multi-week structure.
• 4H: strong bridge between swing and intraday.
• 1H: intraday structure and trend shifts.
• 15m: execution, micro structure, quick reactions.

A solid habit: mark key levels on 1D/4H, then use 1H/15m for entries/exits.

Gamma exposure is a model-based estimate derived from option chains (OI, Greeks, assumptions). Different providers can show different values.

The best way to use it is comparatively: where are the biggest concentrations, what’s changing, and how does price behave near those zones?

Charts and options-related metrics are sourced from our market data provider. Most overlays (EMA/SMA/VWAP/BB) are computed in-app from the candle data.

If you ever spot something off, it’s usually one of: missing candle, delayed update, or an API rate limit. See Troubleshooting below.

The Fib tool computes common fib levels from a swing high/low. Many traders use these as consistent “zone markers” to plan entries/exits and measure pullbacks.

Best use: combine with trend structure and higher-timeframe support/resistance.

1. On Home, choose a ticker and timeframe. Turn on Dealer Map to see likely “pin”/“accelerator” zones.
2. Open the Heatmap to see where positioning clusters by strike/expiry. Check the Key Levels + Inspector for confirmation.
3. Use Options Flow to spot unusually large prints and confirm if the tape is lining up with levels.

Pro tip: treat levels as zones, not single prices. Combine with trend + volatility regime.

2NA is an options + gamma dashboard that helps you spot key levels and understand how options positioning might influence price behavior.

• Home: candlestick chart with overlays + “Dealer Map”.
• Heatmap: visualizes gamma exposure by strike and expiration (Pro + Beginner views).
• Options Flow: a feed of notable options prints to add context to moves.
• Fib Tool: quick fib levels on any symbol.

Important: this is not financial advice. Use it as context, not as a single-source trading signal.

• Beginner: simpler guidance, less visual noise, ELI5 help.
• Pro: more detail for fast scanning and deeper analysis.

The heatmap visualizes options positioning aggregated by strike (rows) and expiration (columns). Each cell represents the estimated exposure at that strike/expiry.

Use the Cell Inspector to see the exact numbers, and the Key Levels strip for a quick summary (Flip, Walls, OI concentrations, etc.).

GEX is shorthand for gamma exposure: an estimate (built from options gamma and open interest) of how hedging pressure can change as price moves.

• Positive vs negative GEX can imply different “pinning/chop” vs “accelerating” tendencies depending on the model.
• NetGEX is the total across the loaded slice (all shown strikes/expirations).

Interpretation varies by model/vendor. Use the sign/magnitude as context, and compare to recent price action (trend vs chop).

Open Interest is the number of outstanding option contracts that exist (not volume traded today).

Big OI clusters can coincide with “sticky” price areas (pinning, hedging flows, psychological levels), but context matters (expiry, moneyness, volatility).

VEX is shorthand for vega exposure: an estimate (built from options vega and open interest) of how positioning is sensitive to changes in implied volatility (IV).

• High absolute VEX can mean the slice you’re viewing is IV-sensitive (IV expansion / contraction may matter more).
• Like GEX, the exact scale depends on the model/data source. Use it comparatively: where are the biggest clusters?

In 2NA, VEX is an estimate — treat it as context, not a standalone signal.

• Location: is price near a key wall/flip/fib?
• Time: near expiry or far out?
• Structure: single-leg vs spread (many “directional” looking prints are hedges).
• Follow-through: does price react + does additional flow confirm?

Options Flow surfaces unusual or large trades (prints) and provides filters so you can focus on what matters for your ticker/time horizon.

Caveat: a print is not always “bullish” or “bearish” — it can be part of a spread, hedge, or market making activity.

• Which page: Home / Heatmap / Flow / Fib
• Ticker + timeframe + date range
• Screenshot (watermark helps) + what you expected
• Console error text if present

• Try a popular ticker (SPY/QQQ/TSLA) to confirm connectivity.
• On intraday timeframes, widen the date range.
• If you’re refreshing rapidly, wait ~30–60 seconds (provider rate limits).
• Hard refresh the page if something looks stuck (especially after switching symbols).