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 | 770.68 | +0.13% | 772.74 | -0.27% (-0.62×) | +$975M | 12 | ±0.43% |
| QQQ | 751.74 | +0.28% | 754.33 | -0.34% (-0.57×) | +$800M | 16 | ±0.6% |
| IWM | 280.64 | -0.28% | 281.92 | -0.46% (-0.75×) | +$128M | 17 | ±0.61% |
| DIA | 508.45 | -0.52% | — | — | $9M | 14 | ±1.26% |
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 |
|---|---|---|---|---|---|---|
| SMCI | 43.30 | -0.97% | 43.06 | 45.00 | 0.08× | 7.08 |
| COIN | 188.55 | +3.1% | 187.10 | 195.00 | 0.15× | 4.45 |
| LRCX | 344.40 | -0.9% | 338.81 | 355.00 | 0.32× | 1.9 |
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