US
SPY746.74+0.78%VIX15.81-2.11%S&P 5007,483+0.01%Nasdaq25,833-0.80%Russell2,996-0.55%Gold4,187+1.49%BTC62,172+0.77%Crude68.78+0.13%SPY746.74+0.78%VIX15.81-2.11%S&P 5007,483+0.01%Nasdaq25,833-0.80%Russell2,996-0.55%Gold4,187+1.49%BTC62,172+0.77%Crude68.78+0.13%
NoVo Market Pulse
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<p><a href="https://novo-options.trade/market-data">NoVo Market Pulse</a> — live market fear & greed</p>
Keep the small credit link — free to use anywhere.

The market's fear, read three ways.

A fear gauge for the S&P (VIX), Nasdaq (VXN) and Russell (RVX) — each ranked against its own year — plus the NoVo Market Pulse, a single sentiment score from volatility, put/call, breadth and trend, and a sector heatmap of where the money actually went. Free, updated through the session.

Want the dealer map behind the moves — net GEX, the gamma flip, dealer walls, expected move and live options flow? That's Analyst.

Sentiment poll

How do you feel about the tape today?

The gauge above is measured off volatility, options positioning, breadth and trend. This one is the room.

All of this in your inbox — The Week Ahead every Sunday and the Mid-Day Tape Review every trading day, free.
Fear · by index

S&P, Nasdaq & Russell — each on its own volatility

A single "VIX" hides that tech and small-caps carry their own fear. VXN (Nasdaq) and RVX (Russell) often diverge hard from the S&P — here they're each ranked against their own trailing year.

VIX/VXN/RVX are ~15-min delayed. Percentile = where today's level sits vs the past year of daily closes.

Fear · over time

Where fear was

By ticker · today

Gamma and the expected move, one ticker at a time.

Net GEX, the gamma flip, the call and put walls and today's expected move — per index, updated through the session.

SPY · S&P 500
SPY gamma today
The 0DTE dealer map for the most-traded index ETF on the board — gamma flip, walls and expected move.
Gamma flip
Expected move
Call wall
Put wall
QQQ · Nasdaq 100
QQQ gamma today
Where the tech tape's dealer positioning sits, and the range the options market is pricing.
Gamma flip
Expected move
Call wall
Put wall
IWM · Russell 2000
IWM gamma today
Small-cap dealer gamma, where the moves extend furthest when positioning flips.
Gamma flip
Expected move
Call wall
Put wall
Crypto · live 24/7

Crypto dealer gamma, funding & liquidations

Net dealer gamma on BTC and ETH from the options book, and leverage positioning per venue across the coins retail trades. Free, public data, updating around the clock. An AI agent can read the same figures straight from our MCP server.

Per-coin live pages: BTC · ETH · SOL · XRP — and every other mapped coin, A–Z from any of them.

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Gamma by strike, the walls and the flip, liquidation clusters, what a round trip costs, and Dr. NoVo reading all of it → the Crypto Market Map.

Explore

Go deeper on one ticker's 0DTE dealer map, gamma & expected move: SPY gamma today  ·  QQQ gamma today  ·  IWM gamma today.

Free tools: Expected-Move  ·  Options P&L  ·  Position Size  ·  Greeks  ·  Max Pain.

Compare: vs SpotGamma  ·  vs Unusual Whales  ·  vs Option Alpha  ·  Best 0DTE tools  ·  Best GEX tools.

Reference: Market holidays 2026  ·  Economic calendar  ·  Options glossary  ·  Futures positioningThe Daily StrikeCongress tradesVolatility record  ·  TradingView script  ·  The track record.

Learn: Gamma & GEX  ·  0DTE  ·  Greeks  ·  Risk  ·  Volatility.

Markets · today

Where the money went today

Every S&P sector and the names that move it, shaded by today's percentage change. Free, public data, updated through the session.

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Down Up
Markets · live 24/5

Index futures & commodities

Off-exchange flow

Short volume, ranked

The share of off-exchange volume marked short, from FINRA, ranked against each ticker’s own last 120 sessions. Mostly market makers hedging — read it as how one-sided the tape was, not as a bearish vote.

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Movers

Today's movers

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Calendar

Upcoming catalysts

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Members · Analyst

The dealer map behind the fear

Fear tells you the weather. The dealer positioning map tells you where the market is pinned and where it breaks — the levels the desks actually trade. Live for SPY, QQQ & IWM in Analyst.

SPY net GEX
+$1.4B
Gravity
000.00
Vanna exposure
$0.0B
Charm · per day
-$000M
Put/call skew
+0.0 pts
Options flow
Bullish
🔒 Live for members+ the gamma-squeeze signal, sweeps & blocks, ‘The Line’ pushed to your phone, historical analogues, base rates & Dr. NoVo, the AI market analyst
Unlock the live dealer map →
See plans — Analyst $129/mo, 7-day free trial
Free · Portal, Notes + Community
Create your free NoVo account

The member portal — delayed dealer levels with the gamma flip and the expected-move band on SPY, QQQ and IWM, plus sectors, movers and the week’s catalysts. Dr. NoVo’s Mid-Day Tape Review every trading day and the Week Ahead on Sundays. And the NoVo Discord: live discussion and Dr. NoVo’s daily dealer-map read.

Create your free account Join the new NoVo Discord →
Or just take the notes — The Week Ahead every Sunday and the Mid-Day Tape Review every trading day. Free, no account needed.
Also on Reddit & StockTwits · X — daily dealer-positioning reads.
About

What is the NoVo Market Pulse?

The Market Pulse is a single 0–100 read of market sentiment — 0 is Extreme Fear, 100 is Extreme Greed. It blends four factors: index-volatility percentiles (VIX, VXN and RVX, so it catches Nasdaq and small-cap fear a VIX-only gauge misses) at 35%, the SPY put/call ratio at 25%, market breadth at 20%, and where the S&P sits versus its 125-day trend at 20%. Volatility and put/call are the fear anchors and carry the most weight. It's a weather report, not a trade signal. It can read differently from indices like CNN's Fear & Greed because the weights differ, not the inputs — NoVo leans hardest on the volatility and put/call anchors, so the two often diverge. For the structure under the sentiment — how dealer gamma is positioning the market — see Analyst or read The Journal.

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Market data on this page is delayed and provided for general information only — it is not financial advice or a recommendation to trade. VIX/VXN/RVX are ~15-minute delayed (CBOE); index values use E-mini futures. Options trading involves significant risk of loss. © 2026 NoVo Options Trading.