GAMMA EXPOSURE · Dealer positioning

CMG Gamma Today: Positioning Walls and the Flip

Every number here is computed from the traded CMG options chain. The call wall is where dealer hedging accumulates above spot and caps upside, the put wall is its mirror below, and the gamma flip is the level where hedging stops damping moves and starts amplifying them.

36.96$ Positive gamma Refreshed every five minutes during the US session (UTC)

🔒 مستوياتُ التنفيذ مقفلة

جدارا الغاما ونقطةُ انقلابها لـCMG متاحةٌ للمشتركين.

ويمكنك فحصُ SPY وQQQ وNVDA كاملةً الآن بلا اشتراك.

اطّلع على الباقات

35.00$ Spot right now 40.00$

Gamma on other symbols

SPX SPY QQQ DIA IWM AAPL MSFT GOOGL AMZN NVDA META TSLA All symbols

Options chain around CMG price

CMG · open interest at each strike.
Strike	Calls	Puts	Today's volume	Skew
34.00	559	1,524	1,115	Put
34.50	1,763	49	1,115	Call
35.00	15,447	19,393	209	Put
35.50	63	272	209	Put
36.00	1,989	2,648	524	Put
36.50	366	180	524	Call
37.00	1,814	1,037	1,975	Call
37.50	8,315	9,918	1,975	Put
38.00	5,360	2,016	10,611	Call
38.50	2,902	2,774	10,611	Call
39.00	5,625	337	403	Call
39.50	496	53	403	Call

How the levels moved over the last 3 days

CMG archive · each day's close.
Day	Price	Gamma flip	Call wall	Put wall
2026-08-10	32.12	32.72	35.00	29.00
2026-08-11	32.05	32.39	35.00	29.00
2026-08-12	32.62	32.66	35.00	32.50

CMG numeric indicators.
Metric	Value
Max pain strike	36.00
Put/Call ratio · today's volume	0.19
Put/Call ratio · open interest	1.02
0DTE gamma flip	36.76
0DTE contracts in chain	76
Total contracts read	362

Strongest magnet levels

40.00 ⁦4.65⁩ مليون
39.00 884,318
38.00 733,740

Strongest accelerant levels

35.00 −405,205
37.50 −324,446
32.50 −224,516

Where does CMG stand relative to the gamma flip?

السعرُ 36.9600 يعلو نقطةَ الانقلاب 35.5900 بفارق 3.85٪، مسافةٌ مريحة. Positioning is clearly positive: dealer hedging buys dips and sells rallies, so price tends to grind within a range rather than jump. Flipping this state يحتاج هبوطاً يتجاوز 3.8٪، أي أنّه ليس سيناريو الجلسة الأقرب. Price is inside the range between 35.0000 and 40.0000, closer to Put wall of the two.

Option walls and session range

أكبرُ تجمّعٍ لعقود الشراء عند 40.0000 (8.23% from price)، ولعقود البيع عند 35.0000 (-5.30% from price)، والمسافةُ بينهما 14.29٪، a **wide** range. That does not imply a move is coming, only that the walls are far enough apart not to confine CMG during the session, so flow leads rather than hedging.

Exposure size and hedging density

صافي تعرّض الغاما لـCMG يبلغ ⁦6.1⁩ مليون، وهو حجمٌ محدود. Hedging for a 1% move is about 164,987 shares. In this range hedging stays secondary to the stock's own flow, so the levels below should not be asked to carry more than they can.

Supporting signals

and this reading is built on 362 contracts in the chain.

What the recent history of CMG says

Over the last 27 days of tracking (293 archived snapshots), CMG stayed above the gamma flip in 89% of readings، وتنقّلت نقطةُ الانقلاب نفسُها بين 32.3300 و35.9600، أي بنطاق 11.23٪، وهو ما يعني أنّ the level moves with the market and does not serve as a fixed reference across days، and net exposure today is below the period average (⁦9.15⁩ مليون).