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 | 760.93 | -0.37% | — | — | $2591M | 18 | ±0.65% |
| QQQ | 705.49 | +0.18% | 712.51 | -1% (-1.08×) | +$610M | 25 | ±0.92% |
| IWM | 275.02 | -0.56% | — | — | $297M | 25 | ±0.93% |
| DIA | 522.59 | -0.98% | 531.49 | -1.7% (-2.37×) | +$40M | 20 | ±0.72% |
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 |
|---|---|---|---|---|---|---|
| PLTR | 194.76 | -0.68% | 193.09 | 200.00 | 0.38× | 3.14 |
| AAPL | 349.23 | +0.19% | 346.87 | 350.00 | 0.69× | 0.33 |
| MSFT | 520.55 | -0.05% | 463.06 | 535.00 | 9.6× | 0.25 |
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