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 | 770.65 | +0.2% | 772.39 | -0.23% (-0.42×) | +$1130M | 15 | ±0.54% |
| QQQ | 722.53 | +0.7% | 717.03 | +0.76% (0.92×) | +$1639M | 22 | ±0.83% |
| IWM | 276.97 | +0.4% | 276.41 | +0.2% (0.2×) | +$301M | 27 | ±1% |
| DIA | 524.73 | -0.01% | 524.85 | -0.02% (-0.03×) | +$139M | 15 | ±0.78% |
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 |
|---|---|---|---|---|---|---|
| META | 710.10 | +2.2% | 702.28 | 750.00 | 0.18× | 5.1 |
| NVDA | 220.29 | +1.85% | 218.29 | 222.50 | 0.63× | 1.11 |
| MSTR | 146.00 | +2.07% | 144.03 | 148.00 | 0.33× | 1.02 |
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