GAMMA EXPOSURE

$757.83 CACHE 32S OLD 6 EXPIRIES
BULLISH BULLISH PIN
LONG GAMMA · VOL-DAMPENING · NET GEX $622.6M

Spot at $757.83 sits below a strong call wall at $760 (0.3% above). Dealers are long gamma and will buy dips, sell rips — drift up toward the call wall is likely.

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SPOT
$757.83
CALL WALL
$760
resistance / pin
PUT WALL
$753
support / pin
FLIP
$669.5
vol regime change
WHAT IS GAMMA EXPOSURE? ▾

Gamma exposure (GEX) shows where options market makers will buy or sell the underlying stock to hedge their books — which often creates natural support, resistance, and acceleration zones.

Call wall (green): a strike where market makers are heavily long calls. They sell stock as price rises toward it, creating resistance.

Put wall (red): a strike where market makers are heavily short puts. They buy stock as price falls toward it, creating support.

Gamma flip: the price level where the dealer's net gamma changes sign. Above it = volatility-dampening. Below it = volatility-amplifying. Crossing it intraday often triggers explosive moves.

2D BARS sums every expiry into one chart per strike — quick read. 3D SCATTER separates each expiry on the Y-axis — deeper dive. Same data, different views.