Net gamma exposure by strike ($M per 1% move) · estimated from the RKLB options chain (Polygon).
These are the 6 strikes carrying the most dealer gamma in RKLB right now. The heaviest is 60 at -2.1M per 1% move, 6.9% below spot — that is where hedging flow concentrates, and where price tends to slow down or stall.
| Strike | Net gamma | From spot | Effect |
|---|---|---|---|
| 75 | +0.5M | 16.4% | pins price |
| 70 | +2M | 8.6% | pins price |
| 66 | +0.5M | 2.4% | pins price |
| 65 | -0.9M | 0.9% | accelerates moves |
| 60 | -2.1M | -6.9% | accelerates moves |
| 55 | -1M | -14.7% | accelerates moves |
As of the latest session, RKLB is trading at $64.45 (-4.97% on the day). Net dealer gamma is negative, with the zero-gamma flip near —. The call wall sits at 70 (upside magnet / resistance) and the put wall at 60 (downside level). Max pain is 65, and the options market is pricing a 1-sigma expected move of about ±7.8% (ATM IV 74%).
The gamma is stacked above spot: +$5M sits overhead against +$0M underneath, a 23.0-to-1 skew. That imbalance is a magnet — dealer hedging leans price upward toward 70 — but it is also why there is so little to catch RKLB if it goes the other way.
One strike dominates the map: 60, 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 74%, pricing a 1-sigma move of ±7.8% (±$5.02) 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 60 to 70 — 15.5% of spot, with +8.61% of room to the call wall and −6.90% 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 RKLB on the live gamma map → · see how RKLB compares across the whole board on the free market regime tracker · new to this? What is GEX →
RKLB 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.
RKLB's flip isn't resolvable from the current chain — check the live map for today's level.
RKLB'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.
RKLB's call wall (70) is a magnet and resistance; the put wall (60) is support in positive gamma but a through-level once price is below the flip.
65, for the 2026-09-25 expiry — 4 days out. Spot is $64.45, so max pain sits 0.9% above the current price. In negative gamma the pull is weak: dealers are amplifying moves, not damping them toward a strike.
About -1M per 1% move into the 2026-09-25 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 →
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Estimated from the RKLB options chain (Polygon) · gamma shifts intraday · educational, not financial advice · options carry substantial risk.
