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 | 762.58 | -0.07% | 660.16 | +13.43% (16.18×) | $1087M | 23 | ±0.83% |
| QQQ | 741.36 | +0.13% | 756.31 | -2.02% (-2.19×) | +$49M | 25 | ±0.92% |
| IWM | 276.68 | -0.52% | 281.36 | -1.69% (-1.76×) | +$127M | 26 | ±0.96% |
| DIA | 507.34 | -0.32% | 494.00 | +2.63% (3.76×) | $78M | 19 | ±0.7% |
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 |
|---|---|---|---|---|---|---|
| PLTR | 191.47 | +2.12% | 188.71 | 200.00 | 1.41× | 3.09 |
| MRVL | 261.88 | -0.85% | 257.57 | 275.00 | 0.57× | 3.04 |
| AAPL | 330.41 | -0.77% | 318.52 | 340.00 | 3.18× | 0.81 |
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