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.
Still positive gamma, but 2 of 4 majors sit inside one session's expected move of the flip. The regime hasn't changed — it's just out of room to be wrong.
| Index | Spot | Chg | Flip | Cushion | Net GEX | IV | Exp move |
|---|---|---|---|---|---|---|---|
| SPY | 761.25 | +0.94% | 759.35 | +0.25% (0.54×) | +$1829M | 13 | ±0.46% |
| QQQ | 715.37 | +1.5% | 712.20 | +0.44% (0.73×) | +$2082M | 16 | ±0.61% |
| IWM | 286.87 | +1.02% | 279.61 | +2.53% (4.29×) | +$1108M | 16 | ±0.59% |
| DIA | 517.56 | +0.46% | — | — | $80M | 13 | ±0.5% |
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 |
|---|---|---|---|---|---|---|
| AAPL | 330.83 | -0.44% | 327.84 | 335.00 | 0.86× | 1.39 |
| QCOM | 189.14 | +2.41% | 179.26 | 200.00 | 2.59× | 1.1 |
| PLTR | 176.18 | +0.98% | 171.83 | 180.00 | 1.18× | 0.88 |
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