See gamma levels for any symbol

What this recipe computes

• Net GEX for the symbol and whether the regime reads positive or negative.
• The largest put-side and call-side GEX concentrations bracketing spot.
• The per-strike net gamma profile within ±10% of spot, out to 14 days.

What it does not claim

• These are concentrations and structural references, never support, resistance, targets or pins.
• A simplified call(+)/put(−) convention off a prior-close chain snapshot, not a dealer-desk figure.
• It is not evidence of actual dealer inventory — no participant tagging exists in this data.

How to read it

1. Step 1

   Read the regime sign

   Positive describes a vol-suppressing structure, negative a vol-amplifying one.

2. Step 2

   Locate the concentrations

   They mark where modeled gamma sits, not levels price is obliged to respect.

3. Step 3

   Use the index view for indices

   The Gamma Structure Map folds weekly roots back so index 0DTE gamma is not lost.

Frequently asked questions

Is positive gamma bullish?

No. The sign describes a volatility environment, not direction. Positive describes hedging that tends to dampen moves; negative describes hedging that tends to extend them.

Is this real dealer positioning?

No. Like most public GEX it applies a call-positive, put-negative convention to open interest. Without exchange-tagged participant data, nobody can compute true dealer inventory.

Related glossary

• Gamma exposure (GEX)GEX estimates aggregate dealer gamma from listed options. Positive gamma tends to dampen moves; negative gamma tends to amplify them. Option gamma is the building block; extreme short-gamma feedback is covered under gamma squeeze.
• Call wallA call wall is the strike above spot with the densest call open interest or call-side gamma. Traders often treat it as resistance when dealers hedge.
• Put wallA put wall is the strike below spot with the densest put open interest or put-side gamma. Traders often treat it as support when dealers hedge.
• Dealer hedgingDealer hedging is market makers buying or selling the underlying to stay near delta-neutral as price and gamma change.
• Gamma squeezeA gamma squeeze is a feedback loop: aggressive call buying can leave dealers short gamma so they buy the underlying as price rises, which can accelerate the move—not a guaranteed outcome and not the same as a short-stock squeeze.

Related personas

• Options Flow for Day TradersDay traders need speed with a filter: see what is printing now, rank what is unusual, then validate structure before risking capital. TradingFlow is built for that same-session loop.
• GEX for Day TradersDay traders should not treat GEX as an entry trigger. Use it for dampened vs amplified expectations, then time with ranked flow and walls.
• GEX and Option Flow for Index TradersIndex traders care about session character: where call/put walls sit, whether gamma is dampening or amplifying, and whether premium is chasing or fading the move.

Related recipes

• Gamma structurePrint today’s walls and magnet from the chain snapshot, then validate with tape if you trade them.
• Zero-gamma flipDecide fade-the-edges vs follow-through from a labeled regime boundary, not from a secret “vol trigger.”
• OI ladderAnswer "where is open interest stacked in this name" without a gamma model in the way.