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 | 775.86 | +0.25% | 778.04 | -0.28% (-0.7×) | +$3342M | 11 | ±0.4% |
| QQQ | 749.13 | +0.2% | 755.15 | -0.8% (-1.24×) | +$430M | 18 | ±0.65% |
| IWM | 278.19 | +0.24% | — | — | $18M | 18 | ±0.65% |
| DIA | 513.13 | +0.27% | 513.45 | -0.06% (-0.12×) | +$84M | 14 | ±0.52% |
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 |
|---|---|---|---|---|---|---|
| DELL | 573.08 | -0.21% | 567.93 | 600.00 | 0.38× | 5.23 |
| AAPL | 332.26 | -2.4% | 327.69 | 340.00 | 1.25× | 1.69 |
| MSFT | 529.11 | +1.1% | 528.23 | 530.00 | 0.16× | 1.01 |
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