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 | 753.25 | +0.12% | — | — | $288M | 22 | ±0.81% |
| QQQ | 685.64 | +0.64% | 699.67 | -2.05% (-1.53×) | +$79M | 36 | ±1.34% |
| IWM | 280.45 | +0.45% | 286.16 | -2.04% (-1.82×) | +$64M | 30 | ±1.12% |
| DIA | 517.99 | -0.32% | — | — | $2M | 28 | ±2.05% |
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 | 248.80 | +1.23% | 246.75 | 260.00 | 0.46× | 5.46 |
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