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 | 768.47 | -0.56% | 766.54 | +0.25% (0.58×) | +$1343M | 12 | ±0.43% |
| QQQ | 719.13 | -1.5% | 734.47 | -2.13% (-2.34×) | +$72M | 25 | ±0.91% |
| IWM | 302.50 | -0.52% | — | — | $181M | 15 | ±0.57% |
| DIA | 533.47 | -0.12% | — | — | $15M | 12 | ±0.92% |
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 | 77.86 | +2.7% | 77.45 | 80.00 | 0.2× | 5.22 |
| AVGO | 379.56 | -3.46% | 326.15 | 410.00 | 8.63× | 0.57 |
| META | 547.80 | -3.72% | 455.40 | 600.00 | 10.61× | 0.56 |
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