The Cipher Strike Matrix Explained
The Cipher Strike Matrix is the core positioning view in the Cipher terminal, and the view the Obsidian desk opens first every morning.
What is the Cipher Strike Matrix?
The Cipher Strike Matrix is a ranked table of strikes showing gamma exposure and vanna exposure side by side for each strike across the chain. The Strike Matrix ranks every strike by combined defensive weight rather than simply plotting raw exposure as an undifferentiated chart.
Why does the Strike Matrix combine gamma and vanna?
A strike defended by gamma exposure alone can fail quickly when implied volatility shifts against the level. A strike defended by both gamma exposure and vanna exposure holds far more reliably, because two independent hedging forces push back against price at the same strike.
What is a dual magnet level?
A dual magnet is the Obsidian desk term for a strike where gamma exposure and vanna exposure both concentrate heavily in the same direction. Dual magnet levels carry the highest first touch reaction rate of any level type the Obsidian desk tracks across a trading session.
Frequently asked questions
Does the Strike Matrix tell me when to enter a trade?
No. The Strike Matrix shows where structure sits. Entry timing comes from the trader's own confirmation process, which the Obsidian desk teaches in the playbooks silo.