Call Gamma Wall
0-DTE Visualizer
Call Wall
Put Wall
Max Gamma (At Strike)
0.0000
Spot Gamma (Current)
0.0000
⚡ Gamma Dynamics
📊 Trading Implications
Call Gamma Wall
0-DTE Visualizer
Max Gamma (At Strike)
0.0000
Spot Gamma (Current)
0.0000
⚡ Gamma Wall Dynamics
- Magnet Effect: As price approaches the strike ($180), Dealer Gamma increases exponentially.
- Hedging Pressure: Dealers who are Short Calls (Negative Gamma) must BUY shares as price rises to stay delta neutral, fueling the rally.
- Pin Risk: At 0-DTE, the curve becomes extremely narrow. Price often "pins" to this level as hedging flows balance out perfectly at the peak.
📊 Trading Implications
- Below Strike: The "Chop Zone." Volatility increases as you climb the left side of the curve.
- At Strike (Peak): Maximum instability. Dealers are aggressively re-hedging. Expect whipsaws.
- Breakout > $180: If price clears the wall, Dealer Gamma drops off, potentially leading to a "Gamma Squeeze" or free movement.
Put Gamma Wall
Support / Floor
35%
1.0d
$405
Max Put Gamma (Support)
0.0000
Current Spot Exposure
0.0000
🛡️ Put Wall Dynamics (Support)
- The "Floor": Heavy Put Open Interest at $400 acts as a support level where price often bounces.
- Dealer Hedging: As price drops toward the Put Wall, dealers (Short Puts) must BUY shares to cover their increasing delta exposure. This buying pressure cushions the fall.
- Volatility Dampener: The closer price gets to the wall, the more "sticky" it becomes due to opposing hedging flows.
📉 Scenarios
- The Bounce: Price drops to the Strike ($400), dealer buying kicks in, and price reverses upward.
- The Pin: Price gets stuck at the Strike as expiration approaches, pinned by massive gamma expiration.
- Wall Breach: If selling pressure overwhelms the wall (Price < $400), dealers must flip to SELLING to hedge, accelerating the crash.
