OPTIONS / GAMMA

Institutional-grade dealer positioning · Updated 2:46pm ET
SPX5,321.41
GAMMA FLIP5,287
CALL WALL5,400
PUT WALL5,250
TOTAL GEX+$4.82B
SECTION 01 · KEY LEVELS
TOTAL GEX
+$4.82B
Total Gamma Exposure
What this means: Total dollar value dealers must hedge for every 1% S&P move. Positive means dealers buy dips and sell rallies — stabilizing.
GAMMA FLIP LEVEL
5,287
▲
SPX +34.41 above flip
What this means: Price where dealer hedging flips from stabilizing to destabilizing. Above = mean-reverting tape, below = trending tape.
CALL WALL
5,400
Resistance Ceiling
What this means: Strike with maximum call gamma — dealers must sell into rallies here, acting as a price ceiling.
PUT WALL
5,250
Support Floor
What this means: Strike with maximum put gamma — dealers must buy into declines here, acting as a price floor.
NET DELTA EXPOSURE
+$2.14B
↑ Long delta
What this means: Total directional exposure dealers are currently carrying. Positive = dealers net long, suppresses upside.
AD
SECTION 02 · DEALER POSITIONING
SPX Gamma Exposure by Strike
Long gamma (stabilizing)
Short gamma (destabilizing)
Current SPX
Gamma Flip
What this means: Each bar is the dollar gamma exposure dealers carry at that strike. The amber dashed line is the flip — above it, dealers are long gamma and the tape mean-reverts. The blue line is current SPX. The Call Wall acts as resistance, the Put Wall as support.
SECTION 03 · FLOW INTELLIGENCE
UNUSUAL OPTIONS ACTIVITY
PRO
TICKER
CONTRACT
SIDE
SIZE
PREMIUM
SENTIMENT
TIME
What this means: These are the biggest options bets placed today — size, premium paid, and whether the market reads them as bullish or bearish.
SECTOR OPTIONS FLOW · TODAY
PRO
PUT FLOWSECTORCALL FLOW
What this means: Where the smart money is leaning today. Bigger right bar = net call buying (bullish). Bigger left bar = hedging or outright bearish.
SECTION 04 · GREEKS INTELLIGENCE
VANNA EXPOSURE · BY EXPIRATION
PRO
What this means: Vanna is how a position's delta changes when volatility moves. Big bars = big hedge demand if VIX shifts. June quarterly OPEX (6/21) is loaded.
CHARM DECAY · INTO CLOSE
PRO
What this means: Charm is delta decay over time. As we approach 4pm, dealer hedge requirements accelerate — this is where pinning pressure compresses moves into the bell.
HEAVIEST HEDGING STRIKES · TODAY
PRO
What this means: These are the strike prices where the heaviest mechanical hedging happens. BUY = dealers must buy stock to stay neutral; SELL = they must sell.
AD
AI explains current dealer positioning in plain English — educational analysis only, not investment advice.
PRO+ EXCLUSIVE DATA
The desk's view — what funds actually see
PRO+ · COMING SOON
DARK POOL PRINTS
Real-time block trades crossed off-exchange
NVDA312,400 @ 1,164.50$364M
SPY892,100 @ 530.40$473M
TSLA168,200 @ 173.80$29M
VANNA · CHARM · DELTA · PER TICKER
Full greeks breakdown for every Top 500 ticker
NVDAvanna +$184Mcharm −$22M
AAPLvanna +$96Mcharm −$11M
TSLAvanna −$48Mcharm +$7M
SECTOR ROTATION HEATMAP
5-min, 30-min, 1-hr rotation across 11 sectors
DEALER FLOW · BY TICKER
Net dealer position over rolling 60-minute window
NVDA+$184M long gamma+
SPY+$2.1B long gamma+
QQQ−$420M short gamma−
Coming Soon — Pro/Pro+
Dark pool prints · Full greeks · Per-ticker dealer flow · Sector rotation heatmap. Used by RIAs and prop desks.
AD
SECTION 07 · LIVE OPTIONS CHAIN
LIVE OPTIONS CHAIN
Click any row to open a Quick Card · Add to Watchlist in one tap
SPX
5,321.41
▲ +34.41 · +0.65%
BID
5,321.20
ASK
5,321.60
VOLUME
1.84M
TICKER
EXPIRATION
Updated 2:58pm ET · SPX · 6/13
How to use: ITM rows (in the money) are highlighted. Click any row to open a Quick Card with full contract details — then hit + WATCHLIST to track it. Prices are indicative and may be delayed. Not investment advice. Always confirm on your broker before placing any order.
—
— — —
CBOE · —
🔔
LAST PRICE
—
—
—
BID
—
MID
—
ASK
—
DELTA
—
THETA
—
IV
—
GAMMA
—
HIGH
—
LOW
—
VOLUME
—
OPEN INT
—
STRIKE
—
EXPIRES
—
AD
AD
Educational only. Not investment advice. Verify all data on your broker before placing any order.