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 | 764.72 | -0.06% | 769.55 | -0.63% (-1.29×) | +$462M | 13 | ±0.49% |
| QQQ | 737.79 | +0.22% | — | — | $1259M | 19 | ±0.7% |
| IWM | 279.64 | -0.03% | 280.37 | -0.26% (-0.37×) | +$334M | 19 | ±0.71% |
| DIA | 512.82 | -0.17% | 516.99 | -0.81% (-1.48×) | +$31M | 15 | ±0.55% |
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 |
|---|---|---|---|---|---|---|
| AVGO | 359.63 | +3.01% | 358.98 | 365.00 | 0.13× | 8.26 |
| MU | 1,072.50 | +1.75% | 1,057.64 | 1,100.00 | 0.19× | 1.85 |
| LRCX | 325.50 | +3.58% | 314.25 | 332.50 | 0.68× | 0.62 |
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