Know where dealers lean before price gets there.
HedgeMap maps dealer gamma from the Nasdaq and S&P options books onto the futures you trade — then lets you plan the session against it, and check after the close what actually happened.
How it works
One daily loop: plan, monitor, review.
Not a wall of charts. HedgeMap is built around the trading day.
Plan against the map
Pick your levels and bias. The model is frozen with your plan the moment you save, so the review can never be rewritten.
Plans →One screen, live
Regime, levels, what changed and your plan — re-computed every two minutes, with alerts on the dashboard — and in your browser while it's open — when the flip or a wall moves.
Today →Review what happened
Your plan against the session, minute by minute, next to how the record graded the model's own levels.
Review →The product
Everything in one place.
Graded in public
Every level, scored against what price did.
Each session's levels are frozen at 09:35 ET and graded on one-minute candles — next to a control line the same distance away. Wins and losses both shown.
Honest limits
Read these before you pay anyone — including us.
Open interest updates overnight
Intraday gamma shifts from same-day flow won't show in open interest until the next session. The experimental flow-adjusted model fills some of that gap from signed trades.
The sign convention is an assumption
The standard model counts dealers long calls and short puts. It's the common convention — and wrong at any strike where customers bought calls or sold puts in size.
Numbers are relative
Billions of dollars of dealer gamma per 1% move. Compare today with the last twenty sessions, not with a number quoted on X.
Context, never a signal
Levels show where hedging pressure concentrates. They don't tell you what to do, and nothing here is a trade recommendation.
Pricing
Same data. Live or 15 minutes late.
Free
- NQ and ES book, 15 minutes delayed
- Heatmap by strike and expiry
- The full track record
Founding founding price
- Live NQ and ES, re-computed every ~2 minutes
- Daily plans with after-close review
- Alerts on flip crosses, concentration moves and unusual activity — on the dashboard, and in your browser while it's open
- Levels on TradingView
- Flow-adjusted positioning (experimental)
Locked while you stay subscribed; $49/mo later. Billed through Whop, cancel any time.
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Questions
Before you ask.
What is dealer gamma, in one line?
Options dealers hedge the contracts they hold. Where they hold a lot of gamma, their hedging either dampens moves or amplifies them — and traders watch those strikes as likely walls, magnets and pivots. The track record shows how often that has actually held.
How live is "live"?
The book is rebuilt from real-time option chains every ~2 minutes during the cash session, 09:30–16:00 ET, and the Today page shows when each input was last updated. If the real-time chain drops, the book falls back to 15-minute-delayed quotes and is labelled that way. The free book shows the same thing fifteen minutes later. Outside those hours everyone sees the RTH close, labelled as such — never an after-hours print passed off as live.
Which markets?
NQ, built from QQQ and NDX options together, and ES, built from SPX and SPY together. Levels are shown in futures prices.
What do the levels mean?
Gamma flip — the price where modelled net dealer gamma crosses zero. Call concentration — the strike with the most positive call gamma. Put concentration — the strike with the most negative put gamma. HVL — the single strike with the largest net gamma of either sign. 09:35 expected range — the day's one-standard-deviation move, fixed at 09:35 from at-the-money implied volatility; it draws the cone on the chart and is what the Record grades against. Remaining move — the same calculation from now to the nearest expiry, so it shrinks as the day runs out. A level only moves on the page once a new value has shown up on three pulls in a row, and each one shows how long it has stayed unchanged — which says nothing about whether price respected it; the Record measures that. Gamma flip is the zero crossing nearest to price within ±15%; when there is none, no flip is shown.
Is this a signal service?
No. It shows where hedging pressure concentrates. It doesn't tell you when to buy or sell, and nothing here is a trade recommendation.
How do I know the levels work?
Look at the track record. Every session's levels are frozen at 09:35 ET and graded against the rest of the day, next to a control line the same distance away. Where a level doesn't beat the control, the page says so. Days with a data problem are listed with the reason and left out of the scores, never quietly dropped.
What is intraday flow?
An estimate of how today's trading changed dealer positioning — the part open interest can't see until tomorrow. It's in beta: each trade's side is inferred from where it printed in the quote, and the method is still being validated per market.
How do I get access after paying?
Choose "Sign in" and continue with your Whop account, or type the email you bought with and we'll send you a sign-in link. No key to copy. Your license key still works too, if you'd rather paste it.
Who built this?
@propfirmpapi — a decade trading NQ and MNQ futures intraday on prop-firm funded accounts. HedgeMap exists because the gamma levels on offer didn't hold up to how NQ actually trades. If a number on this site is wrong, that costs its author money too.