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 | 770.55 | +0.82% | 769.16 | +0.18% (0.32×) | +$3801M | 15 | ±0.57% |
| QQQ | 752.18 | +1.34% | 747.75 | +0.59% (0.79×) | +$3465M | 20 | ±0.75% |
| IWM | 282.45 | +1.12% | 284.91 | -0.87% (-1.09×) | +$166M | 22 | ±0.8% |
| DIA | 511.02 | +0.41% | 514.69 | -0.72% (-1.16×) | +$29M | 17 | ±0.62% |
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 |
|---|---|---|---|---|---|---|
| AMZN | 251.62 | +1.38% | 251.19 | 255.00 | 0.13× | 7.86 |
| AAPL | 332.20 | +0.58% | 329.94 | 335.00 | 0.69× | 1.24 |
| PLTR | 192.44 | +1.26% | 190.04 | 195.00 | 0.78× | 1.07 |
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