CP Gamma Tilt is the ratio of total call gamma to total put gamma.
Why does CP Gamma Tilt matter?
Sharp changes in this ratio may indicate a shift in trader sentiment. This is much like a standard “Put Call Ratio” however we apply a “gamma weighting” which we believe makes the indicator more applicable to market positioning.
How to use CP Gamma Tilt
If the ratio increases it’s considered a bullish signal, when decreasing it’s a bearish signal.