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 4 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 | 773.83 | +0.05% | 774.13 | -0.04% (-0.1×) | +$3516M | 10 | ±0.38% |
| QQQ | 745.03 | +0.48% | 743.18 | +0.25% (0.41×) | +$2261M | 16 | ±0.61% |
| IWM | 288.16 | +0.91% | 287.01 | +0.4% (0.65×) | +$451M | 17 | ±0.61% |
| DIA | 519.03 | -0.15% | 515.92 | +0.6% (0.63×) | +$197M | 13 | ±0.95% |
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 |
|---|---|---|---|---|---|---|
| CRWV | 88.03 | +3.17% | 86.46 | 90.00 | 0.3× | 1.25 |
| GOOG | 355.86 | +1.49% | 348.22 | 365.00 | 0.85× | 1.2 |
| MU | 1,070.77 | +2.54% | 1,045.61 | 1,100.00 | 1.08× | 1.16 |
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