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.
Still positive gamma, but 3 of 4 majors sit inside one session's expected move of the flip. The regime hasn't changed — it's just out of room to be wrong.
| Index | Spot | Chg | Flip | Cushion | Net GEX | IV | Exp move |
|---|---|---|---|---|---|---|---|
| SPY | 759.61 | +0.53% | — | — | $19M | 19 | ±0.7% |
| QQQ | 696.14 | +0.83% | 695.06 | +0.16% (0.13×) | +$1064M | 31 | ±1.16% |
| IWM | 281.46 | +0.78% | 282.35 | -0.32% (-0.31×) | +$300M | 27 | ±1.02% |
| DIA | 520.26 | +0.61% | 519.98 | +0.05% (0.05×) | +$54M | 13 | ±1.15% |
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 |
|---|---|---|---|---|---|---|
| TSLA | 405.08 | +1.3% | 404.19 | 410.00 | 0.08× | 5.53 |
| NFLX | 62.23 | +0.24% | 54.01 | 63.00 | 3.53× | 0.09 |
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