Ivolution Research Journal · Working paper

REFUTE: index max-pain magnet and anti-pinning

The index does NOT migrate toward the max-pain strike into expiry more than a matched placebo, and if anything ANTI-pins (moves away) before index-option expiration.

GEX-23 · v1·Proposed·Narrative — weak evidence·Dealer gamma

Cite as: GEX-23: REFUTE: index max-pain magnet and anti-pinning. Ivolution Research Journal.

Publication status

The study is published as a working paper while a required data source remains unavailable. No result exists yet.

The abstract and product-safe scope metadata are public. Methodology, falsification, limitations, citations, and governed results for GEX-23 are available to Terminal + AI members.

Symbols

SPX · SPY · QQQ

Regimes

Aggregate · Positive gamma · pin · Positive gamma · drift · Negative gamma · trend · Negative gamma · chop · Event day

Horizons

close

GEX-23: REFUTE: index max-pain magnet and anti-pinning — Ivolution Research Journal