Dealer Positioning · NSE + BSE F&O · Information only

Where dealers
must hedge.

Every option trade forces a market maker to hedge by buying or selling the index itself. That hedging pushes NIFTY around all day. OpticGamma shows you where that pressure sits — live, strike by strike, in plain English.

The terminal computes gamma exposure per strike, identifies the flip and the walls, models the volatility surface, and writes one paragraph that tells you what the options structure is doing — across NIFTY, BANKNIFTY, FINNIFTY, MIDCPNIFTY, SENSEX, BANKEX and 25 F&O stocks.

Descriptive analytics only. No buy/sell calls. No accuracy claims. SEBI-aligned by design.

/ The flagship engines
GEXGAMMA FLIPCALL WALLPUT WALLPIN PROBABILITYMAX PAINVOL SURFACEMARKET READ+16 more ↓
New to options structure? Every term on this page is explained in simple words in the free Learn Library.
NIFTY · STRUCTURAL READOUT · ILLUSTRATIVEEXAMPLE READOUT
NIFTY Spot
23,648
Regime · 3 of 16
The Fragile Bull
DPI 58 / 100
G +D +V C +gamma · delta · vega · charm
AmplifyingStabilising
Gamma Flip
23,600
above · dampening zone
Pin Zone
23,500
composite score 26 (Speculative)
Call Wall
24,000
heaviest call γ — overhead
Put Wall
23,000
heaviest put γ — floor
Max Pain
23,500
expiry magnet (weak)
Implied Range
±210
straddle-implied · 4d to expiry
India VIX · IV-Rank
30 / 100
Below average · cheap-to-fair
READ: NIFTY at 23648 sits above the gamma flip at 23,600, in the dampening zone. Heaviest dealer-gamma walls at 24,000 (call) and 23,000 (put). Pin Zone scores 23,500 as the highest-magnet strike into expiry. IV-Rank cheap-to-fair.
Sample readout · descriptive analytics · not advice
HOW YOU USE IT · THE FIRST FIVE MINUTES

Three steps. No jargon needed.

1

Open the Structure Map

One score from 0 to 100 tells you whether market makers are currently calming the index or fuelling its moves. High means dampening; low means amplifying. That's the day's context in five seconds.

2

Check the levels

The gamma flip, the call wall and the put wall mark where hedging pressure changes sides. The market tends to behave differently above and below them — the map shows exactly where price sits right now.

3

Read one paragraph

Market Read turns every signal into a single paragraph of plain English, updated live. If you read nothing else, read this. What you do with it is always your decision — we describe, we never advise.

SECTION 02 · DOCTRINE

Three doctrines.
No exceptions.

01

Dealer-positioning, not chart-watching

Price gets dragged around intraday by market-makers' forced hedging. When dealers are short gamma, every move amplifies. When they are long, moves get sold into. OpticGamma computes that hidden machine per strike, from OI-change intent — for NIFTY, BANKNIFTY, FINNIFTY, MIDCPNIFTY, and 25 F&O stocks.

02

Desk-grade vol, not just IV

Term structure, 25Δ skew (RR25, BF25, slope), 3D vol surface, vol cones (p10–p90), GARCH(1,1) descriptive vol path, vol-of-vol, Implied Correlation Index across 25 NIFTY constituents. Every artefact a serious vol desk expects.

03

Descriptive math, not advisory output

Every number on OpticGamma is computed from formulas you can read in the Learn library. No 'forecasts'. No 'buy/sell calls'. No accuracy advertising. The structure is shown — what you do with it is your decision, and your responsibility.

SECTION 03 · FULL CAPABILITY MATRIX

Every workspace.
In the terminal.

OpticGamma ships 19 workspaces organised across 5 rooms. Every one is descriptive analytics — designed to surface what the structure is doing, not what to trade.

/ TODAY
03 MODULES
/ LEVELS & OI
05 MODULES
/ DEALER & GAMMA
04 MODULES
/ VOLATILITY
04 MODULES
/ MY DESK
03 MODULES
SECTION 04 · ACCESS

Initialise the
terminal.

OpticGamma is a subscription terminal for Indian F&O — pure analytics and education. No buy or sell calls, no accuracy claims. SEBI-aligned by design.

29 F&O symbols19 workspaces3-second refreshRazorpay payments
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  • Journal — unlimited, 30 days of historical context
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