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 | 778.09 | -0.03% | 778.66 | -0.07% (-0.24×) | +$1919M | 8 | ±0.31% |
| QQQ | 743.70 | -0.37% | — | — | $1338M | 15 | ±0.54% |
| IWM | 276.53 | -0.53% | 283.77 | -2.62% (-4.29×) | +$29M | 16 | ±0.61% |
| DIA | 518.28 | +0.07% | 521.38 | -0.6% (-0.59×) | +$125M | 14 | ±1.01% |
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 |
|---|---|---|---|---|---|---|
| AMZN | 262.42 | +0.99% | 258.38 | 265.00 | 1.3× | 0.64 |
| META | 769.38 | +3.56% | 697.93 | 800.00 | 5.07× | 0.43 |
| MU | 943.20 | -4.75% | 775.11 | 1,000.00 | 7.85× | 0.34 |
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