GAMMA EXPOSURE · Dealer positioning

GS Gamma Today: Positioning Walls and the Flip

Every number here is computed from the traded GS 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.

1,038.61$ Positive gamma Refreshed every five minutes during the US session (UTC)

🔒 مستوياتُ التنفيذ مقفلة

جدارا الغاما ونقطةُ انقلابها لـGS متاحةٌ للمشتركين.

ويمكنك فحصُ SPY وQQQ وNVDA كاملةً الآن بلا اشتراك.

اطّلع على الباقات

1,000.00$ Spot right now 1,100.00$

Gamma on other symbols

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

Options chain around GS price

GS · open interest at each strike.
Strike	Calls	Puts	Today's volume	Skew
1,025.00	331	257	245	Call
1,027.50	41	40	23	Call
1,030.00	518	307	157	Call
1,032.50	51	132	59	Put
1,035.00	464	273	175	Call
1,037.50	200	63	74	Call
1,040.00	885	638	347	Call
1,042.50	72	25	18	Call
1,045.00	579	261	132	Call
1,047.50	33	101	24	Put
1,050.00	1,326	256	286	Call
1,052.50	18	79	79	Put

How the levels moved over the last 3 days

GS archive · each day's close.
Day	Price	Gamma flip	Call wall	Put wall
2026-08-10	1,033.51	1,038.11	1,100.00	1,020.00
2026-08-11	1,034.76	1,039.52	1,100.00	1,020.00
2026-08-12	1,035.09	1,033.16	1,040.00	1,020.00

GS numeric indicators.
Metric	Value
Max pain strike	1,025.00
Put/Call ratio · today's volume	0.93
Put/Call ratio · open interest	1.37
0DTE gamma flip	1,019.95
0DTE contracts in chain	310
Total contracts read	1,826

Strongest magnet levels

1,100.00 ⁦15.32⁩ مليون
1,050.00 ⁦7.78⁩ مليون
1,120.00 ⁦4.31⁩ مليون

Strongest accelerant levels

1,000.00 ⁦−14.79⁩ مليون
970.00 ⁦−4.48⁩ مليون
980.00 ⁦−4.43⁩ مليون

Where does GS stand relative to the gamma flip?

Price 1,038.61 is above the gamma flip 1,031.83 by 0.66%. Positioning is positive: as price rises dealers sell hedges, and as it falls they buy — so their hedging acts as a brake pulling price toward the middle. This explains sessions that look quiet despite news that would justify a wider move. Price is inside the range between 1,000.00 and 1,100.00, closer to Put wall of the two.

Option walls and session range

أكبرُ تجمّعٍ لعقود الشراء عند 1,100.00 (5.91% from price)، ولعقود البيع عند 1,000.00 (-3.72% from price)، والمسافةُ بينهما 10.00٪، a **wide** range. That does not imply a move is coming, only that the walls are far enough apart not to confine GS during the session, so flow leads rather than hedging.

Exposure size and hedging density

صافي تعرّض الغاما لـGS يبلغ ⁦9.73⁩ مليون، وهو حجمٌ محدود. Hedging for a 1% move is about 9,371 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 1,826 contracts in the chain.

What the recent history of GS says

Over the last 27 days of tracking (298 archived snapshots), GS stayed above the gamma flip in 54% of readings، وتنقّلت نقطةُ الانقلاب نفسُها بين 1,018.78 و1,045.99، أي بنطاق 2.67٪، وهو ما يعني أنّ the level is relatively stable and reads as a firmer reference than a symbol whose level swings، and net exposure today is above the period average (⁦−8.26⁩ مليون).