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 | 766.58 | +0.44% | 774.95 | -1.09% (-2.1×) | +$181M | 14 | ±0.52% |
| QQQ | 717.88 | +1.12% | 730.25 | -1.72% (-2.08×) | +$77M | 22 | ±0.83% |
| IWM | 270.91 | +0.2% | — | — | $407M | 19 | ±0.7% |
| DIA | 518.59 | -0.09% | 528.10 | -1.83% (-1.34×) | +$48M | 15 | ±1.37% |
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 | 256.59 | +2.71% | 254.63 | 260.00 | 0.63× | 1.74 |
| META | 697.55 | -1.67% | 664.14 | 730.00 | 2.83× | 0.97 |
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