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Gamma Exposure & AI Analyst

Market-maker positioning + AI interpretation of the walls in plain English.

Dealer Positioning
Long GammaNet GEX +$160.3M

Dealers buy dips, sell rips → range-bound market

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Short gammaNeutralLong gamma
Gamma Flip Level
$677.50
Spot is above the flip by 7.12% — regime turns short gamma on a break below.
Spot
Call WallMore information
Put WallMore information
Zero GammaMore information
Max PainMore information
Pin risk: Medium0.61% from spot

AI Gamma Analyst

powered by Gemini

Click Analyze walls — the AI reads the Call Wall, Put Wall, Zero Gamma and IV, identifies the regime, and recommends a strategy with suggested strikes and risk warnings.

Gamma Exposure by StrikeMore information

Positive GEXNegative GEX
Net GEX: +$160.3MRegime: 🟢 Positive GammaCall Wall:$740.00Put Wall:$705.00Zero Gamma:$677.50Spot:$729.46Max Gamma:$765.00Bars show GEX for a single strike (axis in $M); Net GEX +$160.3M is the sum of all 21 bars, so it is normally much larger than any single bar. Call Wall = largest call gamma · Max Gamma = largest |net| GEX bar (they can differ).
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Hover a bar for its strike, GEX and open interest — click it to send that strike to the Strategy Builder.

Historical GEX Comparison

Net gamma exposure by strike — solid line is today, dotted line is yesterday.

Call Wall moved +$10 (bullish shift)
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Today · net GEX $160.3MYesterday · net GEX $141.4MPrior spot $726.50Y axis: $M of dealer gamma per 1% move · X axis: strike
Call Wall Alert
$740.00+$10.00
was $730.00 · bullish shift
ceiling pushed higher, room to rally
Put Wall Alert
$705.00+$5.00
was $700.00 · bullish shift
floor lifted, dealers defend higher
Zero Gamma Alert
$677.50+$2.20
was $675.30 · bullish shift
flip level higher, easier to slip short gamma
Spot Alert
$729.46+$2.96
was $726.50 · bullish shift
underlying closed the gap higher
Net GEX Alert
160.31+18.92
was 141.39 · bullish shift
more dealer long gamma — pinning pressure builds

Vanna / Charm Flow by Strike

Vanna = GEX sensitivity to a +1% move in implied volatility · Charm = GEX drift from one day of time decay. Units in $M per strike.

Vanna (+1% IV)Charm (1 day)
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Advanced Dealer Metrics

Pro

Notional hedging flows behind the walls.

Upgrade to Pro to unlockDealer delta notional, vanna/charm notional, gamma skew and the volatility trigger.See plans

Flow report · 8 prints · expiry: all · type: all · flow: all · bias: all

Unusual Options Activity

SPYPro

Sweeps, blocks and splits with volume above open interest · times in ET

8 prints
Upgrade to Pro to unlock 5 more printsFull sweep/block tape with aggressor side and Vol/OI ranking.

Multi-Expiration GEX Heatmap

Dealer gamma by strike (columns) and tenor (rows) · click a cell to focus the tape and the IV surface

Short gammaLong gamma±$68.1M / 1%
Hover a cell for the GEX at that strike and expiration · click to filter the tape and IV surface.

IV Surface & Skew

Implied volatility by strike for 0DTE, 7DTE and 30DTE · steep put side = demand for downside hedges

ATM IV
13.4%
25d Skew
+1.08 pts
Term Slope
+0.91 pts
0DTE 7DTE 30DTE

Second-generation Greeks

Per-contract greeks for the at-the-money option · Spot $729.46 · ATM strike $730.00 · Expiry nearest listed

ATM deltaMore information
0.4980
ATM gammaMore information
0.0200
ATM vannaMore information
0.0002
ATM charmMore information
-0.0001