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 | 766.89 | +0.11% | — | — | $1294M | 14 | ±0.52% |
| QQQ | 712.16 | +0.17% | 713.14 | -0.14% (-0.17×) | +$937M | 22 | ±0.82% |
| IWM | 299.67 | +0.13% | 299.30 | +0.12% (0.26×) | +$342M | 13 | ±0.47% |
| DIA | 535.49 | +0.01% | 544.94 | -1.76% (-2.38×) | +$29M | 14 | ±0.74% |
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 |
|---|---|---|---|---|---|---|
| DELL | 467.00 | +3.42% | 459.53 | 500.00 | 0.4× | 4.42 |
| MRVL | 242.81 | +0.81% | 238.65 | 250.00 | 0.21× | 1.73 |
| NFLX | 81.43 | -1.03% | 79.25 | 85.00 | 1.48× | 1.64 |
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