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 hold positive gamma with room to the flip. DIA sits just below its own — not enough to shift the regime, but it's the one to watch.
| Index | Spot | Chg | Flip | Cushion | Net GEX | IV | Exp move |
|---|---|---|---|---|---|---|---|
| SPY | 768.74 | -0.43% | — | — | $892M | 18 | ±0.67% |
| QQQ | 715.00 | -1.44% | — | — | $957M | 30 | ±1.12% |
| IWM | 283.86 | +1.01% | 273.29 | +3.72% (4.54×) | +$1652M | 22 | ±0.82% |
| DIA | 522.74 | -0.38% | 529.17 | -1.23% (-2.02×) | +$36M | 17 | ±0.61% |
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 |
|---|---|---|---|---|---|---|
| TSM | 434.75 | -1.06% | 428.81 | 460.00 | 0.83× | 4.25 |
| AMD | 566.07 | -2.08% | 532.85 | 600.00 | 2.21× | 1.02 |
| LRCX | 255.67 | +0.87% | 242.05 | 260.00 | 2.11× | 0.32 |
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