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 | 773.62 | +0.08% | 775.21 | -0.21% (-0.69×) | +$1128M | 8 | ±0.3% |
| QQQ | 720.68 | -0.04% | — | — | $76M | 17 | ±0.64% |
| IWM | 301.91 | +0.62% | 294.48 | +2.46% (4.32×) | +$310M | 15 | ±0.57% |
| DIA | 541.09 | +0.41% | 544.89 | -0.7% (-0.72×) | +$24M | 13 | ±0.97% |
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 |
|---|---|---|---|---|---|---|
| NFLX | 76.78 | +0.54% | 75.15 | 78.00 | 0.83× | 0.75 |
| PLTR | 176.35 | +0.57% | 168.07 | 180.00 | 1.5× | 0.44 |
| TSLA | 333.75 | +1.02% | 327.81 | 335.00 | 1.07× | 0.21 |
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