Today's options levels
Gamma walls, max pain and expected moves for the indexes and the most active whale-flow tickers. Free, recomputed every 30 minutes from the full option chain.
| Ticker | Spot | Expected move | Max pain | Gamma walls | Gamma flip | P/C OI | As of |
|---|---|---|---|---|---|---|---|
| $SPY | 770.19 | ±0.5% | 768 | 770775760 | 782 | 1.40 | 11:52 AM ET |
| $QQQ | 717.54 | ±0.7% | 713 | 722720710 | 722 | 1.56 | 11:52 AM ET |
| $IWM | 296.01 | ±0.7% | 295 | 290298300 | — | 2.15 | 11:52 AM ET |
Methodology
- Gamma walls — strikes with the largest gamma exposure: Black-Scholes gamma × open interest × 100 × spot, summed per strike, calls counted positive and puts negative (naive dealer-positioning assumption — we do not have real dealer flow). Green = net positive (price magnet/support), red = net negative (accelerant).
- Gamma flip — strike where cumulative gamma exposure changes sign.
- Max pain — strike minimizing the total intrinsic payout of all open contracts at expiry.
- Expected move — at-the-money straddle price of the nearest expiry, as a percent of spot.
- Tickers: SPY, QQQ, IWM plus the top 10 by whale-flow activity today. Full option chain (all open interest, not just today's trades), recomputed every 30 minutes.
Informational only — not financial advice. These are mechanical computations from public option-chain data and can be wrong or stale.
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