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 | 778.29 | +0.07% | 774.63 | +0.47% (1.34×) | +$12300M | 9 | ±0.35% |
| QQQ | 733.05 | +0.11% | 733.08 | +0% (-0.01×) | +$2657M | 16 | ±0.6% |
| IWM | 304.16 | +0.21% | 302.77 | +0.46% (0.88×) | +$848M | 14 | ±0.52% |
| DIA | 537.99 | +0.04% | 544.99 | -1.3% (-3.61×) | +$9M | 10 | ±0.36% |
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 |
|---|---|---|---|---|---|---|
| QCOM | 166.37 | +0.9% | 165.10 | 170.00 | 0.43× | 2.86 |
| MU | 969.40 | +1.94% | 949.66 | 1,000.00 | 0.76× | 1.55 |
| HOOD | 97.72 | -1.87% | 95.05 | 100.00 | 1.14× | 0.85 |
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