GAMMA EXPOSURE · Dealer positioning

F Gamma Today: Positioning Walls and the Flip

Every number here is computed from the traded F 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.

14.62$ Positive gamma Refreshed every five minutes during the US session (UTC)

🔒 مستوياتُ التنفيذ مقفلة

جدارا الغاما ونقطةُ انقلابها لـF متاحةٌ للمشتركين.

ويمكنك فحصُ SPY وQQQ وNVDA كاملةً الآن بلا اشتراك.

اطّلع على الباقات

14.00$ Spot right now 15.00$

Gamma on other symbols

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

Options chain around F price

F · open interest at each strike.
Strike	Calls	Puts	Today's volume	Skew
13.00	12,063	35,842	2,147	Put
13.50	2,428	8,430	2,147	Put
14.00	35,531	47,886	12,453	Put
14.50	19,145	2,549	12,453	Call
15.00	63,599	9,482	2,153	Call
15.50	6,897	165	2,153	Call
16.00	40,495	2,675	1,683	Call

How the levels moved over the last 3 days

F archive · each day's close.
Day	Price	Gamma flip	Call wall	Put wall
2026-08-10	14.05	13.67	15.00	14.00
2026-08-11	13.98	13.72	14.00	13.00
2026-08-12	13.89	13.68	14.00	13.00

F numeric indicators.
Metric	Value
Max pain strike	14.00
Put/Call ratio · today's volume	0.72
Put/Call ratio · open interest	0.78
0DTE gamma flip	13.90
0DTE contracts in chain	66
Total contracts read	368

Strongest magnet levels

15.00 ⁦4.89⁩ مليون
14.50 ⁦1.97⁩ مليون
16.00 ⁦1.36⁩ مليون

Strongest accelerant levels

14.00 −731,494
13.00 −527,451
12.00 −257,223

Where does F stand relative to the gamma flip?

السعرُ 14.6200 يعلو نقطةَ الانقلاب 13.8700 بفارق 5.41٪، 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 5.4٪، أي أنّه ليس سيناريو الجلسة الأقرب. Price is inside the range between 14.0000 and 15.0000, closer to Call wall of the two.

Option walls and session range

أكبرُ تجمّعٍ لعقود الشراء عند 15.0000 (2.60% from price)، ولعقود البيع عند 14.0000 (-4.24% from price)، والمسافةُ بينهما 7.14٪، a **wide** range. That does not imply a move is coming, only that the walls are far enough apart not to confine F during the session, so flow leads rather than hedging.

Exposure size and hedging density

صافي تعرّض الغاما لـF يبلغ ⁦7.22⁩ مليون، وهو حجمٌ محدود. Hedging for a 1% move is about 494,138 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 368 contracts in the chain.

What the recent history of F says

Over the last 27 days of tracking (297 archived snapshots), F stayed above the gamma flip in 100% of readings، وتنقّلت نقطةُ الانقلاب نفسُها بين 13.4800 و13.9000، أي بنطاق 3.12٪، 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 above the period average (⁦3.2⁩ مليون).