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 | 765.69 | +0.28% | 767.03 | -0.18% (-0.51×) | +$803M | 9 | ±0.34% |
| QQQ | 711.62 | +0.73% | 711.28 | +0.05% (0.08×) | +$1293M | 16 | ±0.61% |
| IWM | 298.57 | +0.2% | 298.79 | -0.07% (-0.15×) | +$155M | 13 | ±0.5% |
| DIA | 533.89 | +0.04% | — | — | $16M | 14 | ±1.04% |
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 |
|---|---|---|---|---|---|---|
| META | 565.35 | +1.15% | 562.44 | 585.00 | 0.38× | 6.75 |
| COIN | 179.29 | -0.1% | 170.61 | 200.00 | 0.85× | 2.39 |
| NFLX | 81.14 | +1.47% | 79.36 | 85.00 | 0.8× | 2.17 |
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