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.
3 of 4 majors hold positive gamma with room to the flip. DIA sits just below its own — not enough to shift the regime, but it's the one to watch.
| Index | Spot | Chg | Flip | Cushion | Net GEX | IV | Exp move |
|---|---|---|---|---|---|---|---|
| SPY | 768.36 | -0.41% | — | — | $819M | 13 | ±0.47% |
| QQQ | 738.85 | -0.78% | — | — | $2472M | 18 | ±0.65% |
| IWM | 280.18 | -0.72% | — | — | $124M | 17 | ±0.65% |
| DIA | 514.93 | -0.54% | 517.02 | -0.41% (-0.58×) | +$35M | 13 | ±0.7% |
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 |
|---|---|---|---|---|---|---|
| LRCX | 314.34 | -0.37% | 313.72 | 322.50 | 0.03× | 13.16 |
| QCOM | 190.25 | -5.65% | 188.19 | 200.00 | 0.2× | 4.73 |
| META | 721.50 | -4.02% | 698.28 | 755.00 | 1.32× | 1.44 |
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