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 | 769.73 | +0.33% | 769.53 | +0.03% (0.06×) | +$3944M | 12 | ±0.46% |
| QQQ | 744.73 | +0.5% | 743.27 | +0.2% (0.32×) | +$2857M | 17 | ±0.62% |
| IWM | 281.87 | +0.07% | 284.10 | -0.79% (-1.26×) | +$193M | 17 | ±0.63% |
| DIA | 514.89 | +0.43% | 515.37 | -0.09% (-0.18×) | +$178M | 14 | ±0.52% |
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 |
|---|---|---|---|---|---|---|
| COIN | 194.66 | -2.17% | 191.64 | 200.00 | 0.68× | 1.77 |
| ARM | 321.91 | +5.31% | 315.82 | 330.00 | 0.63× | 1.33 |
| MU | 1,091.36 | +1.04% | 1,077.55 | 1,100.00 | 0.68× | 0.63 |
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