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 2 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 | 777.61 | +0.68% | 775.63 | +0.25% (0.69×) | +$3220M | 10 | ±0.37% |
| QQQ | 731.57 | +1.08% | 726.58 | +0.68% (1.07×) | +$1976M | 17 | ±0.64% |
| IWM | 304.38 | +0.59% | 302.14 | +0.74% (1.34×) | +$1174M | 15 | ±0.55% |
| DIA | 538.49 | +0.3% | 559.02 | -3.81% (-9.08×) | +$1M | 11 | ±0.42% |
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 |
|---|---|---|---|---|---|---|
| ARM | 284.44 | +4.18% | 274.66 | 300.00 | 1.08× | 1.59 |
| MRVL | 227.20 | +4.53% | 217.93 | 240.00 | 1.71× | 1.38 |
| TSM | 434.22 | +1.06% | 418.88 | 450.00 | 2.8× | 1.03 |
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