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 | 768.41 | +0.3% | 768.72 | -0.04% (-0.07×) | +$1275M | 15 | ±0.54% |
| QQQ | 715.93 | +0.66% | 714.57 | +0.19% (0.25×) | +$1185M | 21 | ±0.77% |
| IWM | 298.72 | -0.1% | 299.61 | -0.3% (-0.6×) | +$207M | 13 | ±0.5% |
| DIA | 534.23 | -0.02% | — | — | $21M | 15 | ±0.56% |
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 | +0.61% | 464.97 | 500.00 | 0.13× | 16.26 |
| MRVL | 243.15 | -0.86% | 241.68 | 250.00 | 0.08× | 4.66 |
| META | 582.43 | +0.91% | 572.14 | 600.00 | 1× | 1.71 |
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