Net gamma exposure by strike ($M per 1% move) · estimated from the LRCX options chain (Polygon).
These are the 6 strikes carrying the most dealer gamma in LRCX right now. The heaviest is 220 at -2.4M per 1% move, 8.9% below spot — that is where hedging flow concentrates, and where price tends to slow down or stall.
| Strike | Net gamma | From spot | Effect |
|---|---|---|---|
| 272.5 | +1.2M | 12.8% | pins price |
| 265 | +2.1M | 9.7% | pins price |
| 245 | +1.9M | 1.4% | pins price |
| 235 | -2M | -2.7% | accelerates moves |
| 220 | -2.4M | -8.9% | accelerates moves |
| 210 | -2M | -13.1% | accelerates moves |
As of the latest session, LRCX is trading at $241.60 (+1.04% on the day). Net dealer gamma is negative, with the zero-gamma flip near —. The call wall sits at 265 (upside magnet / resistance) and the put wall at 220 (downside level). Max pain is 255, and the options market is pricing a 1-sigma expected move of about ±6% (ATM IV 66%).
The gamma is stacked above spot: +$8M sits overhead against +$0M underneath, a 76.0-to-1 skew. That imbalance is a magnet — dealer hedging leans price upward toward 265 — but it is also why there is so little to catch LRCX if it goes the other way.
One strike dominates the map: 220, carrying −$2M per 1% move — below the current price. Negative gamma that size behaves like an accelerant — dealers chase price through it rather than defending it.
Options are expensive here: ATM implied volatility is 66%, pricing a 1-sigma move of ±6% (±$14.53) into the nearest expiry. At that level you need the move and you need it quickly — long premium bleeds fast, and the structure above argues for spreads over outright calls.
That leaves a working band of 220 to 265 — 18.6% of spot, with +9.69% of room to the call wall and −8.94% down to the put wall. In a positive-gamma tape the edge is fading the edges of that band rather than chasing either end.
Want it interactive? Open LRCX on the live gamma map → · see how LRCX compares across the whole board on the free market regime tracker · new to this? What is GEX →
LRCX is in positive gamma with — of room above the null flip. Dealers are damping moves, so expect a mean-reverting tape that pulls back toward the heavy strikes.
LRCX's flip isn't resolvable from the current chain — check the live map for today's level.
LRCX's flip is not resolvable from the current chain. Pull it live on the free map — the level moves with open interest, so a stale number is worse than none.
LRCX's call wall (265) is a magnet and resistance; the put wall (220) is support in positive gamma but a through-level once price is below the flip.
255, for the 2026-11-06 expiry — 3 days out. Spot is $241.60, so max pain sits 5.5% above the current price. In negative gamma the pull is weak: dealers are amplifying moves, not damping them toward a strike.
About -6M per 1% move into the 2026-11-06 expiry — though spot is below the zero-gamma flip, so hedging at this price runs with the move and adds to it. GEX describes the character of the tape, not the direction. How dealer gamma works →
The flip, walls and max pain before the open — free. No card required.
Also see the flow side: LRCX options flow →
Posting the link is enough — X, Discord and Slack render the live data card automatically.
Live LRCX dealer gamma, updates itself. No signup, no API key. Copy and paste:
Keep the credit line — it's the only thing we ask for.
This is the free auto-read. Premium members get the daily SPY gamma drop — the map turned into a scenario-by-scenario trading plan — plus the live conviction desk and AI copilot.
Estimated from the LRCX options chain (Polygon) · gamma shifts intraday · educational, not financial advice · options carry substantial risk.
