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SomerQuant is a free, end-of-day market-structure research publication run by one trader. No paywall, no signals, no revisions after the fact. Here is everything you need to read it well — in about three minutes.
What publishes, and when
SomerQuant Daily — every trading day after the close
The flagship read: what the options flow and dark-pool tape actually did today, what it means, and the specific levels we’re watching into tomorrow. Stamped at publication and never edited.
SomerQuant Weekly — Saturday morning
The week in numbers, the flow themes that persisted, and the biggest off-exchange blocks — the zoom-out layer above the dailies.
Pulse Lab — refreshed after each close
The live instruments: the Market Pulse Index (0–100 composite of trend, breadth, volatility, rates, credit, sentiment, rotation, currency and liquidity), the regime classifier, and the volatility term structure.
Accountability Ledger — scored mechanically after each close
Every dated statement we publish gets scored against what the market actually did — hits and misses, kept on the page forever. This is the part most publishers won’t show you.
Trading Academy — 55 free lessons
Options mechanics, flow reading, volatility, regime detection and risk sizing — the background to get full value from the research.
How to read a SomerQuant Daily in 60 seconds
- The strip at the top freezes that day’s numbers: MPI score, regime label, index closes. Note the as-of stamps — the MPI reflects the prior session’s close by design, and we label both dates rather than pretend otherwise.
- Session at a glance — three tiles: the biggest dark-pool print and how far it sat from the close, the loudest options line, and the most unusual print by size. Every number on a tile also appears in the text.
- The session map — SPY’s 5-minute path with volume, the opening range, the day’s dark-pool prints on SPY (hollow when a print was contingent, meaning priced off a derivative leg rather than the tape), and the heaviest option-premium shelves drawn on the price axis.
- Session tide — market-wide net call-minus-put premium through the day, green above zero and red below.
- Yesterday’s radar, OI confirm — every contract flagged the prior session is checked against the next morning’s open-interest update and scored confirmed, partial or not confirmed. Misses stay on the page.
- What happened / Why it matters — the tape, then our read of it. The read is an observation about positioning, never a buy or sell instruction.
- What to watch — specific levels with the condition attached. These become scoreable rows in the Ledger the next session.
- Names on our radar — the day’s notable flow and blocks, each with what printed and our one-line read.
- The boards, data appendix — the complete $100M+ dark-pool universe for the session: a strip of the last five sessions (notional, prints, names, ETF share), where option premium is stacked by strike, the board rows, the five most unusual prints by relative size (share count against the name’s 30-day average volume), and cluster watch. When two screens disagree, a reconciliation line says which produced which number.
- The Method Note — where the data comes from and what’s ours. Sources are accounted for line-by-line on the Data Sources page.
The two numbers people ask about
MPI (0–100): higher means observable conditions lean constructive; 40–60 is the no-edge zone. It describes the present — it does not predict next week. Full spec on the methodology page, changes on the changelog.
Regime (Bull / Neutral / Crisis): a statistical classifier reading the market’s mode from return patterns. It updates after each close and describes the current mode, not the next one.
What we will never do
No trade signals. No price targets. No revising published posts. No hiding misses — the Ledger exists precisely so you can check our record without trusting our memory. When an input degrades or gets retired, it’s disclosed on the Data Sources page and logged in the changelog.