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.
3 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 | 778.54 | +0% | 779.07 | -0.07% (-0.24×) | +$2233M | 8 | ±0.28% |
| QQQ | 747.68 | -0.46% | — | — | $1577M | 13 | ±0.48% |
| IWM | 278.54 | -0.16% | 279.97 | -0.51% (-1.01×) | +$121M | 14 | ±0.51% |
| DIA | 517.16 | +0.21% | 522.72 | -1.08% (-0.87×) | +$104M | 14 | ±1.23% |
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 | 261.16 | -0.55% | 258.15 | 265.00 | 1.28× | 1.28 |
| PLTR | 208.53 | -0.25% | 201.46 | 215.00 | 0.89× | 0.92 |
| DELL | 582.94 | -0.41% | 559.69 | 600.00 | 0.73× | 0.73 |
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