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 | 761.12 | -1.08% | 748.82 | +1.62% (2.57×) | +$3459M | 17 | ±0.63% |
| QQQ | 698.20 | -2.39% | 693.77 | +0.63% (0.62×) | +$801M | 28 | ±1.02% |
| IWM | 281.52 | -0.88% | 285.05 | -1.25% (-1.63×) | +$134M | 21 | ±0.77% |
| DIA | 521.10 | -0.35% | 534.56 | -2.58% (-4.04×) | +$9M | 17 | ±0.64% |
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 |
|---|---|---|---|---|---|---|
| INTC | 65.49 | -28.89% | 64.18 | 70.00 | 0.39× | 3.44 |
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