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 | 771.78 | +0.2% | 771.97 | -0.02% (-0.05×) | +$2514M | 13 | ±0.46% |
| QQQ | 719.91 | -0.05% | 723.12 | -0.45% (-0.55×) | +$1363M | 22 | ±0.81% |
| IWM | 299.15 | -0.03% | — | — | $269M | 25 | ±0.94% |
| DIA | 536.05 | +0.27% | 539.55 | -0.65% (-1.15×) | +$83M | 16 | ±0.57% |
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 |
|---|---|---|---|---|---|---|
| TSLA | 354.63 | +0.13% | 352.75 | 360.00 | 0.26× | 2.86 |
| DELL | 468.27 | -0.45% | 464.77 | 475.00 | 0.37× | 1.92 |
| NVDA | 225.26 | -1.11% | 221.27 | 230.00 | 1.05× | 1.19 |
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