Lesson 5 · Vega lean
Who is paying for protection?
Vega shows how strongly the put side and the call side are being repriced. When one clearly pulls away from the other, it reveals which way the hedging is leaning.
LeanBullishMove the sliders, or load a real moment.
Put above zero and call below it leans bullish; the reverse leans bearish. Small readings, or two lines close together, stay neutral. The lean only counts when it is clear.
Educational content using paper (simulated) trades. Nothing here is investment advice or a recommendation to trade.