For ES/NQ and SPX options traders

Read the options–futures gap before it becomes a story.

Connect Fair Basis Residual with options flow and liquidity to see whether markets agree — or whether evidence is temporarily conflicted.

LIVE MARKET SIMULATION
SPX · 0DTE · SIMULATED DATA
SDPI+62Constructive pressure
09:3011:006,432.98 SPX14:0016:00
Gamma regime-1.26BEstimated short gamma
Reaction zones
6,500Call Wall
6,415–6,425Flip Band
6,355Put Wall
Evidence Score: 77/100Illustrative simulation; not performance-calibrated
WHY SIGNALS BREAK

The market is faster than a single-factor story.

  • ×ES can move before the full options-chain response is visible.
  • ×Observed basis depends on financing, dividends and source synchronization.
  • ×Large flow can be a cross-market hedge rather than a clean directional bet.
HEDVARA

Turn movement into an evidence network.

  • A traceable Fair Basis reference with visible inputs.
  • Cross-Impact measures joint response without claiming certain causality.
  • Sweep/Block classification shows likely intent, alternatives and evidence strength.

Instead of chasing every dislocation, see whether it persists, has liquidity support and agrees with hedge pressure — or deserves patience.