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 | 779.79 | +0.66% | 776.82 | +0.38% (0.89×) | +$3065M | 12 | ±0.43% |
| QQQ | 761.31 | +0.68% | 760.84 | +0.06% (0.11×) | +$967M | 15 | ±0.57% |
| IWM | 283.36 | +0.07% | 283.78 | -0.15% (-0.24×) | +$254M | 17 | ±0.63% |
| DIA | 515.34 | +0.64% | 519.66 | -0.84% (-0.82×) | +$72M | 14 | ±1.02% |
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 |
|---|---|---|---|---|---|---|
| MU | 1,066.16 | +0.25% | 1,058.45 | 1,100.00 | 0.44× | 4.39 |
| PLTR | 193.73 | +2.19% | 192.13 | 200.00 | 0.25× | 3.92 |
| AMZN | 253.07 | +0.65% | 250.60 | 260.00 | 0.95× | 2.81 |
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