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 hold positive gamma with room to the flip. DIA sits just below its own — not enough to shift the regime, but it's the one to watch.
| Index | Spot | Chg | Flip | Cushion | Net GEX | IV | Exp move |
|---|---|---|---|---|---|---|---|
| SPY | 767.97 | +0.52% | 762.05 | +0.77% (1.54×) | +$6868M | 13 | ±0.5% |
| QQQ | 743.47 | +0.78% | 724.46 | +2.56% (5.22×) | +$4328M | 13 | ±0.49% |
| IWM | 279.29 | +0.1% | — | — | $557M | 17 | ±0.64% |
| DIA | 513.04 | +0.03% | 514.03 | -0.19% (-0.38×) | +$61M | 14 | ±0.51% |
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 |
|---|---|---|---|---|---|---|
| MRVL | 259.40 | -1.53% | 253.96 | 280.00 | 0.57× | 3.79 |
| META | 732.61 | -0.76% | 727.99 | 750.00 | 0.58× | 3.76 |
| INTC | 118.81 | +2.67% | 117.26 | 120.00 | 0.5× | 0.77 |
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