Free · no loginNegative gamma

GLW gamma levels

From the closing options book · September 4, 2026

154.30
Close
150
Apex
160
Call wall
150
Put wall
Gamma flip
GLW gamma levelsWALL BANDCall wall160Close154.30Put wall150
GLW closing levels — September 4, 2026. Drawn to scale.

GLW's closing options book on September 4, 2026 carried −$6.7 million of net dealer gamma spread across 5 expirations and 198 contracts. The sign is negative, so hedging runs with the move rather than against it.

The heaviest call-side strike sits at 160 and the heaviest put-side strike at 150, a band 6.5% wide. GLW has averaged 6.25% between its high and its low over the last 88 sessions, which makes the full width of that band about 1.0 average sessions of travel. It closed close to the middle of that band.

GLW closed at 154.30 — 3.7% below the call wall and 2.8% above the put wall. The put side is the nearer of the two at 2.8% away, which is the only reason it is worth watching more closely than the other. Most levels drawn on a chart are never reached at all, and the distance is what separates them.

GLW's apex — the strike carrying the most gamma in absolute terms — is 150, the same strike as its put wall. When those stack on one level the book is concentrated rather than spread, and that single strike is doing most of the work.

Across the last 10 recorded sessions its call wall has moved almost every session, and its put wall has not moved off 150 once. Walls that stay put and walls that migrate every session are different objects, and the difference shows up here before it shows up in price.

How GLW has behaved around these levels

Over the last 88 recorded sessions, GLW closed between the previous session's put wall and call wall 49 times. Its average daily range over that stretch was 6.25% of price. These are descriptions of what already happened — they are not a forecast, and no level holds every time.

GLW levels, last 10 sessions

SessionCloseApexCall wallPut wall
Sep 4154.30150160150
Sep 3146.00150152.5150
Sep 2144.13150160150
Sep 1145.56150160150
Aug 31148.73150175150
Aug 28148.98150175150
Aug 27152.80150157.5150
Aug 26152.78150155150
Aug 25147.16150175150
Aug 24145.55150170150

Common questions

What is GLW's call wall right now?

GLW's heaviest call-side gamma strike is 160, measured from the closing options book on September 4, 2026. That is 3.7% above where it closed, against an average daily range of 6.25%.

Where is GLW's put wall?

The heaviest put-side strike is 150, 2.8% below the September 4, 2026 close. Together with the 160 call wall it brackets a band 6.5% wide.

What is GLW's gamma flip level?

GLW does not have a well-defined gamma flip in the current book.

How often does GLW close between its gamma walls?

Over the last 88 recorded sessions, GLW closed between the previous session's put wall and call wall 49 times, and 2 of the last 9. Those are counts of what already happened for this symbol — not a forecast, and not a claim about any level holding.

Are these GLW levels live?

No. This page is built from the closing options book and rebuilt each night, so it describes September 4, 2026. Walls build and dissolve through a session — the live intraday board is inside FlowMonkey, and a free 15-minute delayed SPY board is public at flowmonkey.net/spy-gamma-heatmap.

See it live

These are closing levels. The board moves all day.

Walls build and dissolve through the session. FlowMonkey shows the live board on 400+ symbols, with every level priced by whether price can actually reach it today. Start with the free SPY board — no account needed.

Levels are measured from the closing options book and rebuilt nightly. Gamma is an estimate of dealer hedging pressure, not a forecast of direction. Not investment advice.