STLA gamma levels
From the closing options book · October 26, 2026
STLA closed at 4.08 on October 26, 2026. Its put wall 4.5, the Apex (the strike with the most dealer gamma) 4.5. Net dealer gamma was negative, so hedging tends to amplify moves.
These are the October 26, 2026 closing levels. Members see STLA's board live all session, with the odds of reaching each level.
STLA's closing options book on October 26, 2026 carried −$149K of net dealer gamma spread across 5 expirations and 26 contracts. The sign is negative, so hedging runs with the move rather than against it.
STLA's apex — the strike carrying the most gamma in absolute terms — is 4.5, 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 put wall has not moved off 4.5 once. Walls that stay put and walls that migrate every session are different objects.
What STLA's walls are — and aren't
STLA's book has been recorded on 87 sessions. Its average daily range over that stretch was 3.13% of price. Walls are where dealer hedging is heaviest — positive gamma absorbs moves, negative gamma amplifies them. They are not bounce points, and across our grading they contained price no better than a same-width band around the prior close.
STLA levels, last 10 sessions
| Session | Close | Apex | Call wall | Put wall |
|---|---|---|---|---|
| Oct 26 | 4.08 | 4.5 | — | 4.5 |
| Oct 23 | 4.06 | 4.5 | — | 4.5 |
| Oct 22 | 4.27 | 4.5 | 5 | 4.5 |
| Oct 21 | 4.22 | 4.5 | 5 | 4.5 |
| Oct 20 | 4.33 | 4.5 | 5 | 4.5 |
| Oct 19 | 4.29 | 4.5 | 5 | 4.5 |
| Oct 16 | 4.37 | 4.5 | 5 | 4.5 |
| Oct 15 | 4.35 | 4.5 | 5 | 4.5 |
| Oct 14 | 4.27 | 4.5 | 5 | 4.5 |
| Oct 13 | 4.45 | 4.5 | 5 | 4.5 |
Common questions
STLA does not currently have a clear call-side gamma concentration in its book.
The heaviest put-side strike is 4.5, 10% above the October 26, 2026 close.
STLA does not have a well-defined gamma flip in the current book.
Not reliably. Walls mark where dealer hedging is heaviest — positive gamma absorbs moves, negative gamma amplifies them — but levels are not bounce points, and across our grading walls contained price no better than a same-width band around the prior close (STLA's book has been recorded on 87 sessions).
No. This page is built from the closing options book and rebuilt each night, so it describes October 26, 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.
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.