“Ten people at a time. Real-time when it matters. The rest is the work.”
In 2022 the CBOE introduced daily expirations across every weekday for SPX options.
What followed was the fastest structural shift in modern equity market history. 0-DTE options — contracts expiring the same day they are traded — now represent approximately half of all SPX options volume on any given session. The entity on the other side of that volume is the Option Market Maker. Every contract they sell creates a hedging obligation in the underlying futures market that must be executed that day, at specific price levels, in specific directions, regardless of whatt hey think the market will do. They are not trading. They are managing a book. In 2026, they added Monday and Wednesday expirations to MAG-7 stocks. Now their book drives intraday price formation in a way that did not exist three years let alone one year ago.
Specific price levels are predictable before the session opens.
The tools most traders use — cumulative delta, volume profile, market profile, VWAP — were developed when institutional order execution was the primary intraday mechanical force. They were accurate then. They are insufficient now. Not because the tools are wrong. Because they are reading a secondary force while the primary force is invisible to them. The primary force is the Option Market Maker's delta hedge. It is non-discretionary. It activates at specific price levels. It is predictable in direction and approximate magnitude before the session opens. And it is entirely visible — if you know where to look.
Every morning before the market opens, the previous session's options open interest is published. That data tells you:
→ Where the Option Market Maker's hedging obligations are concentrated
→ Whether their position at each level will amplify price moves or contain them
→ Which price levels will act as mechanical acceleration zones and which will act as structural resistance
→ What the probable sequence of intraday price behavior is before the first trade is taken
This is not prediction. It is the identification of non-discretionary mechanical requirements that must be executed if price reaches specific levels. The practitioner who reads this data correctly does not need to predict where price is going. They need to identify where the mechanical forces are loaded and what they are required to do when price arrives.
Protocol is a complete analytical framework built for the market that exists now — not the market that existed when most retail trading education was written. It covers the full architecture:
THE PARTICIPANTS
Who is in the market, what mandate
governs their behavior, and why
that mandate makes their execution
non-discretionary and therefore
predictable.
THE TOOLS
How to configure your chart to
visualize institutional execution
mechanics — not price patterns,
but the mechanical constraints
that produce them.
THE GAMMA FRAMEWORK
How to read overnight options open interest to identify the structural setup for each session before the market opens — the four scenarios that describe every possible combination of price locationand dealer positioning, and the precise intraday sequencing each produces.
THE EXECUTION MODEL
How to read overnight options open interest to identify the structuralsetup for each session before the market opens — the four scenarios that describe every possible combination of price location and dealer positioning, and the precise intraday sequencing each produces.
A practitioner who has been trading for one to three years:
Who understands the basics of futures or options execution.
Who has learned order flow — CVD, volume delta, market profile — and found that the tools work until they do not, with no framework for knowing in advance which sessions they will work in and which they will not.
Who is willing to learn why the market moves before learning how to trade the move.
How to read overnight options open interest to identify the structural setup for each session before the market opens — the four scenarios that describe every possible combination of price location and dealer positioning, and the precise intraday sequencing each produces.
It is for practitioners who have
done enough work to know that
the framework they are using
is incomplete — and who want
to understand what is missing.
Protocol is not for beginners looking for a shortcut.
PROTOCOL
FEATURES
- Full curriculum — Modules 1 through 9
- 2 months Master Protocol included (starts at course completion)
- AI-powered research assistant
- Option Open Interest Dashboard
MASTER PROTOCOL
FEATURES
- Weekly live market debriefs
- Direct access between sessions
- 1-on-1 progress evaluation at month 2
- On-site qualification session required for continuation
- Automation Protocol unlocked at month 6
OI SIGNAL
FEATURES
- Option Open Interest Dashboard
MASTER PROTOCOL is capped at 10 active members.
Not as a marketing device. Because above 10 the model breaks — same-day responses, real-time access during market hours, and weekly debriefs that are genuinely useful require a cohort small enough that I know every member's specific stage, their current setups, and where their framework application is breaking down. At 10 that is possible. At 20 it is not. When the cohort is full it is full. The next opening is when a current member completes their engagement.
If you are currently using cumulative delta to read institutional order flow without knowing whether a gamma level sits between your entry and your target — you are missing the primary structural force that determines whether the order flow you are reading will reach its destination or be absorbed, reversed, or accelerated by an Option Market Maker's non-discretionary hedge.
Protocol closes that gap.
Drop us an email, use the site chat or pick a convenient time and date in the calendar above to schedule a quick meeting.
Phone: +36 30 811 7590 | Email: markus@ceedtrading.com
Copyright & Usage Notice
All course content is protected by copyright. Unauthorized copying, recording, distribution, or sharing of materials is strictly prohibited.
This content is for educational purposes only and does not constitute financial advice. Past performance does not guarantee future results. Trading involves risk of loss.
Remember: There are no guarantees of profit or short cuts when it comes to mastering a new skill!
