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 | 762.83 | +0.43% | — | — | $1090M | 15 | ±0.57% |
| QQQ | 706.55 | +0.36% | — | — | $79M | 25 | ±0.92% |
| IWM | 276.86 | +0.48% | 279.32 | -0.89% (-1.18×) | +$188M | 20 | ±0.75% |
| DIA | 523.19 | +0.43% | 529.97 | -1.3% (-0.77×) | +$43M | 19 | ±1.69% |
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 | 631.04 | -1.8% | 597.70 | 650.00 | 2.67× | 0.57 |
| TSLA | 392.79 | +5.77% | 370.87 | 400.00 | 2.8× | 0.33 |
| AAPL | 343.24 | -1.27% | 302.65 | 350.00 | 12.45× | 0.17 |
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