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.
2 of 4 majors are below their zero-gamma flip — dealers amplify moves instead of damping them. Trade with momentum, not against it.
| Index | Spot | Chg | Flip | Cushion | Net GEX | IV | Exp move |
|---|---|---|---|---|---|---|---|
| SPY | 773.47 | +0.05% | 774.23 | -0.1% (-0.26×) | +$1745M | 10 | ±0.38% |
| QQQ | 722.45 | -0.06% | 714.05 | +1.16% (1.76×) | +$1760M | 18 | ±0.66% |
| IWM | 300.60 | -0.26% | 302.92 | -0.77% (-1.29×) | +$37M | 16 | ±0.6% |
| DIA | 538.85 | -0.11% | 532.00 | +1.27% (1.12×) | $3M | 13 | ±1.14% |
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 |
|---|---|---|---|---|---|---|
| MU | 880.44 | +0.19% | 874.79 | 900.00 | 0.21× | 3.46 |
| DELL | 462.92 | +1.97% | 447.57 | 500.00 | 0.4× | 2.42 |
| CRWV | 90.31 | -0.19% | 82.07 | 100.00 | 0.67× | 1.18 |
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