further learning & research
Foundational research papers, whitepapers, and video guides on maker hedging, gamma exposure, and volatility surface modeling.
Foundational Papers & Whitepapers
The mathematical and structural frameworks powering gexbot are derived from institutional options research:
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Cboe DXTO Whitepaper
The Impact of Options Volume on Cash Equity Markets and Liquidity Dynamics.
Download Cboe DXTO PDF -
Hau Volatility Surface Framework
Orderflow Classification, Unmatched Maker Inventory, and Real-Time Surface Tracking.
Download Hau Volatility PDF -
Perfiliev Gamma Exposure Model
How to Calculate Gamma Exposure and the Zero Gamma Inflection Level.
Read Perfiliev Market Commentary -
Moontower Meta (Kris Abdelmessih)
Dynamic Delta Hedging Mechanics and Counterparty Asymmetry. -
Espen Gaarder Haug
The Complete Guide to Option Pricing Formulas (McGraw-Hill) — Standard analytical closed forms for higher-order Greeks. -
Ho & Stoll (1981)
Optimal Dealer Pricing Under Transactions and Return Uncertainty.
A monopolist dealer sets bid and ask quotes around a "true" price, shifted by their current inventory. The original model for reading a dealer's position off their quotes, not off a trade tag. -
Avellaneda & Stoikov (2008)
High-Frequency Trading in a Limit Order Book.
Extends dealer quoting to continuous time. The reservation price and the spread both shift with inventory, and quotes update at zero cost — the formal case for why repricing is cheap and hedging is not. -
Kyle (1985)
Continuous Auctions and Insider Trading.
The dealer prices off aggregate order flow alone (P = μ + λy), never off trader identity, inferring informed trading purely from how much an order moves the price. The original case for price impact, not trade tags, as the signal.
Video Guides & Tutorials
To further your intuition regarding Delta, Gamma, Vanna, and Charm exposures:
For community walkthroughs and integration install videos, see the media section.