Gamma Structure

Market structure · levels · magnets · surface

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← Desk · SPYMarket structure
2026-06-10

MARKET STRUCTURE · SPY

Negative Gamma

Negative Gamma
Spot
736.05
Call Wall
745
max call Γ
Put Wall
733
max put Γ
Gamma Flip
505
Γ sign change
Total Net Γ
-779.3K
Trend-amplifying · Dealers hedge directionally · Spot 736 between Put Wall 733 and Call Wall 745 · Gamma Flip at 505

NET Γ BY STRIKE

near-spot ±5%

GAMMA MAGNETS

10
1733
-308.6K
2720
-128.0K
3732
-61.8K
4727
-60.6K
5730
-60.6K
6735
-56.3K
7731
-42.7K
8725
-33.5K
9700
-20.4K
10745
16.0K
Spot 736.05 · above = calls, below = puts
gamma · magnets · surface · 2026-06-10← Back to Desk