Gamma gauge

When dealers are long gamma, their hedging leans against the move and the tape stays calmer. When they are short gamma, their hedging chases it, and up days and down days both stretch. This is where each major stood at the Wed, Sep 30 close. Free, no login, rebuilt every night.

The index complex

2 of 3 index books are negative gamma

The strong signal is all three short gamma at once: the next session's SPY range then beat its own 60-day normal about 75% of the time, against about 35% otherwise. When they disagree, the complex gives no read. How we measured it

Index ETFs
TickerRegimeClosePut wallCall wallFlip
SPYAmplify762.63760775none near
QQQCalm739.77730745785
IWMAmplify277.89278284none near
Single stocks
TickerRegimeClosePut wallCall wallFlip
NVDACalm228.38220227.5227.5
TSLACalm354.81350360370
AAPLCalm333.02325340340
MSFTCalm512.9490505505
AMZNCalm249.15240260255
METACalm725.18700740585
GOOGLCalm344.08335360350
AMDCalm611.76600637.5500
AVGOCalm351.19335365370
PLTRCalm187.05175200195
MUCalm1,065.111,0001,1001,100
COINCalm186.41180202.5165
NFLXCalm69.58697276

Walls are where hedging is heaviest, not places price is pulled to. Graded against random levels the same distance away, they do no better, so we never call them magnets. The flip is the price where the regime changes sign. Tap any ticker for its full closing levels.

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Want it live, not from last night's close?

Inside FlowMonkey the boards update through the session: every strike, the Apex, reach odds on each level, and the Read, for 400+ tickers. The free SPY board runs live on a delay, no login.

Open the free SPY boardLevels for 500+ tickersPositive vs negative gamma

Gamma is an estimate of dealer hedging pressure from the closing options book, not a forecast of direction. Not investment advice.