Cipher Sniper Mode: Gamma and Vanna Combined
Sniper mode merges the gamma exposure read and the vanna exposure read into a single view, surfacing the levels that both forces defend at once.
What does Cipher Sniper mode do?
Sniper mode combines gamma exposure and vanna exposure into a single ranked view of near term dealer structure. Instead of switching between two separate charts and reconciling the difference manually, a trader sees exactly the levels where both hedging forces concentrate at the same strike.
Why combine gamma and vanna into a single view?
A level defended by only one force can fail quickly when conditions shift against that force. A level defended by both gamma exposure and vanna exposure carries two independent hedging obligations, which is what separates a level worth trading from a level merely worth noting.
How does the Obsidian desk treat a Sniper leading level?
The Obsidian desk expects a leading Sniper level to reject hard on first contact. Once price has reached that level, the level stops acting as the main attractor and becomes a reaction point, so the desk looks toward the next structure rather than the reached one.