Monday, April 13th, 2026
Gap-down open, negative-gamma chop, and two stopped short attempts targeting max VEX 606
Trade Info
- Number of trades: 2
- Trade #1:+VEX MagnetSHORTLOSS(Short to max VEX 606, stopped ~-20p)
- Trade #2:+VEX MagnetSHORTLOSS(Second short retry to max VEX 606, stopped ~-20p)
Context & Trades
Monday opened with another large Globex gap down, but the gap was nearly filled heading into RTH. The ideas on the short side would be a downside inventory correction, and on the long side a continuation / negative gamma squeeze back toward Friday's value, with max VEX around 606 as the key downside target if sellers could maintain pressure, and Friday's close + VPOC as the key upside target.
Two stream trades were taken, both shorts targeting the max VEX magnet below. The first entry came on early weakness and one-minute opening-range re-offer logic, but buyers absorbed quickly and the move failed to extend. The second short was a retry on renewed downside probe, again looking for continuation into 606. That attempt also failed as tape shifted and price squeezed back up. Net result: two stopped losses, about -20p each.
Summary
The directional read was reasonable, but price action just didn't cooperate, and abrupt reversals made shorts tough. The 606 downside magnet remained relevant, but the session never delivered clean acceptance lower during the stream.
We ended the stream with two controlled losses and no follow-through to target, shortly after the stream was off, the negative gamma squeeze plan played out and price rallied into Friday's value area and close.
These streams are not financial advice nor signals; they demonstrate only how one could use and interpret the VannaCharm dashboards. Please read our full risk disclosure to learn more.