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.
Majors hold positive gamma with real room to the flip. Dealer hedging is still absorbing moves.
| Index | Spot | Chg | Flip | Cushion | Net GEX | IV | Exp move |
|---|---|---|---|---|---|---|---|
| SPY | 763.39 | -0.29% | — | — | $2664M | 10 | ±0.38% |
| QQQ | 704.48 | -1.26% | 580.11 | +17.65% (25.96×) | $1355M | 18 | ±0.68% |
| IWM | 298.60 | -0.42% | — | — | $93M | 14 | ±0.5% |
| DIA | 533.74 | +0.31% | — | — | $10M | 14 | ±1.31% |
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 |
|---|---|---|---|---|---|---|
| AAPL | 311.88 | +0.87% | 309.90 | 315.00 | 0.62× | 1.58 |
| TSLA | 353.99 | -2.5% | 339.18 | 365.00 | 2.21× | 0.74 |
| COIN | 186.78 | +0.18% | 167.83 | 200.00 | 1.37× | 0.7 |
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