Does anyone use Delta exposure (DEX) to inform or make trade decisions? As an example: NVDA yesterday close was 115.43. For 21 March expiry, The strike with the highest Call Delta exposure was 122 The strike with the highest Put Delta exposure was 122, There was c. four times as much Put Delta as Call Delta. Delta-weighted average price was c.120.50 On the face of it, and assuming no changes to flow, it looks like NVDA should move towards 120.5 by Friday. Flow won't stand still and a tweet or two could move markets between now and then, so a long position would need to be managed. Interested in perspectives from anyone using this type of flow info to inform trading decisions.
In case anyone ever reads this, NVDA closed 21 March at 117.70. I wasn't able to check delta exposure on Thursday to compare.