Net gamma exposure by strike ($M per 1% move) · estimated from the SOXL options chain (Polygon).
These are the 6 strikes carrying the most dealer gamma in SOXL right now. The heaviest is 70 at -2.1M per 1% move, 13.8% below spot — that is where hedging flow concentrates, and where price tends to slow down or stall.
| Strike | Net gamma | From spot | Effect |
|---|---|---|---|
| 93 | +0.6M | 14.5% | pins price |
| 90 | -0.9M | 10.8% | accelerates moves |
| 85 | -1.1M | 4.6% | accelerates moves |
| 80 | -1.7M | -1.5% | accelerates moves |
| 75 | -1.4M | -7.7% | accelerates moves |
| 70 | -2.1M | -13.8% | accelerates moves |
As of the latest session, SOXL is trading at $81.23 (+5.26% on the day). Net dealer gamma is negative, with the zero-gamma flip near —. The call wall sits at 76 (upside magnet / resistance) and the put wall at 80 (downside level). Max pain is 90, and the options market is pricing a 1-sigma expected move of about ±12.4% (ATM IV 118%).
One strike dominates the map: 70, 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 118%, pricing a 1-sigma move of ±12.4% (±$10.04) 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.
Note that SOXL has already traded through its call wall at 76 (−6.44% away). Past the wall, that positive gamma stops acting as a magnet and starts acting as a cap — the pull that carried price here is now the thing resisting it. The 80–76 band spans -4.9% of spot.
Want it interactive? Open SOXL on the live gamma map → · see how SOXL compares across the whole board on the free market regime tracker · new to this? What is GEX →
SOXL 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.
SOXL's flip isn't resolvable from the current chain — check the live map for today's level.
SOXL'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.
SOXL's call wall (76) is a magnet and resistance; the put wall (80) is support in positive gamma but a through-level once price is below the flip.
90, for the 2026-11-06 expiry — 4 days out. Spot is $81.23, so max pain sits 10.8% above the current price. In negative gamma the pull is weak: dealers are amplifying moves, not damping them toward a strike.
About -7M 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: SOXL options flow →
Posting the link is enough — X, Discord and Slack render the live data card automatically.
Live SOXL 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 SOXL options chain (Polygon) · gamma shifts intraday · educational, not financial advice · options carry substantial risk.
