How far each major index sits from its zero-gamma flip — the level where dealer hedging stops damping moves and starts amplifying them. Live for the current session.
Still positive gamma, but 3 of 4 majors sit inside one session's expected move of the flip. The regime hasn't changed — it's just out of room to be wrong.
| Index | Spot | Chg | Flip | Cushion | Net GEX | IV | Exp move |
|---|---|---|---|---|---|---|---|
| SPY | 773.09 | +0.57% | 772.82 | +0.03% (0.15×) | +$4167M | 6 | ±0.23% |
| QQQ | 722.32 | +1.05% | 720.02 | +0.32% (0.91×) | +$2807M | 9 | ±0.35% |
| IWM | 301.96 | +1.22% | 300.38 | +0.52% (1.38×) | +$1353M | 10 | ±0.38% |
| DIA | 539.91 | +0.3% | 539.75 | +0.03% (0.14×) | +$45M | 6 | ±0.21% |
Cushion = distance from spot to the zero-gamma flip, and in brackets that distance measured in the index's own expected move for the day. Under 1× means the flip is inside a single normal session. Negative means price is already through it. What is dealer gamma? →
Spot sits above the zero-gamma flip with distance still to the call wall. R:R is room up to the wall divided by room down to the flip.
| Ticker | Spot | Chg | Flip | Wall | ×EM | R:R |
|---|---|---|---|---|---|---|
| GOOG | 354.02 | -0.72% | 350.20 | 370.00 | 1.86× | 4.18 |
| DELL | 453.37 | +3.51% | 446.98 | 457.50 | 0.87× | 0.65 |
| TSLA | 328.62 | +2.84% | 324.90 | 330.00 | 1.45× | 0.37 |
The gamma map is free and needs no signup — net dealer gamma by strike, the flip, call and put walls for any US ticker.
Open the free gamma map → Live regime tracker