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 | 767.69 | +0.78% | 765.58 | +0.27% (0.98×) | +$4016M | 8 | ±0.28% |
| QQQ | 732.57 | +1.56% | 729.01 | +0.49% (1.03×) | +$2997M | 13 | ±0.47% |
| IWM | 285.50 | +0.42% | 284.73 | +0.27% (0.57×) | +$224M | 13 | ±0.47% |
| DIA | 517.32 | +0.25% | 519.26 | -0.38% (-0.33×) | +$80M | 13 | ±1.14% |
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 |
|---|---|---|---|---|---|---|
| GOOG | 349.37 | +1.36% | 347.58 | 360.00 | 0.17× | 5.94 |
| AAPL | 335.88 | -0.07% | 334.14 | 340.00 | 0.53× | 2.37 |
| MSFT | 495.88 | +0.44% | 494.11 | 500.00 | 0.38× | 2.33 |
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