Signa

Signa field note / 01

Read the context before the move.

A plain-language primer on public-market inputs that can converge on a Signa Action Card — and the limits that remain attached to every read.

The Signa method

Multiple inputs. One evidence trail.

Observedata
Interpretcontext
Decideresponsibly

Signa organizes market intelligence so the evidence stays visible alongside the decision.

01

Gamma context is a measure, not a prediction.

Gamma describes how an option’s delta is expected to change as the underlying price moves. Signa uses gamma exposure as one view of the positioning environment around a setup; it does not turn a future price move into a certainty.

Source: Options Industry Council — Gamma

02

Options flow is activity to place in context.

An options print becomes more legible when its strike, expiry, size, timing, and surrounding market state remain visible. Signa keeps curated flow beside the broader evidence trail, rather than presenting a single trade as a standalone conclusion.

Source: FINRA — Options

03

Dark-pool prints are reported activity, not pre-trade intent.

Dark pools are alternative trading venues designed to help execute large blocks without broadcasting pre-trade order details. Listed-stock ATS trades are reported after execution, so the data can add context but does not reveal an order book or a complete thesis.

Source: FINRA — Dark pools

04

Reported insider activity is disclosure, not a verdict.

Forms 3, 4, and 5 report holdings and many transactions by officers, directors, and 10% shareholders. Signa presents reported activity as a research input; readers should review the underlying filing and transaction code before drawing conclusions.

Source: SEC — Insider transaction data

Important context

This educational primer is not investment advice. It is a guide to reading information sources and their limits. Options involve risk and are not suitable for all investors.

Open the Action Card

Primary sources

Last reviewed: August 31, 2026 · Signa Research

Market Intelligence Primer | Signa