GAMMA EXPOSURE · Dealer positioning

IBIT Gamma Today: Positioning Walls and the Flip

Every number here is computed from the traded IBIT 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.

45.23$ Positive gamma Refreshed every five minutes during the US session (UTC)

🔒 مستوياتُ التنفيذ مقفلة

جدارا الغاما ونقطةُ انقلابها لـIBIT متاحةٌ للمشتركين.

ويمكنك فحصُ SPY وQQQ وNVDA كاملةً الآن بلا اشتراك.

اطّلع على الباقات

45.00$ Spot right now 46.00$

Gamma on other symbols

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

Options chain around IBIT price

IBIT · open interest at each strike.
Strike	Calls	Puts	Today's volume	Skew
42.50	4,731	13,087	6,007	Put
43.00	46,099	22,149	5,776	Call
43.50	3,056	5,715	5,776	Put
44.00	58,451	22,683	27,247	Call
44.50	10,469	6,340	27,247	Call
45.00	84,366	36,979	23,652	Call
45.50	7,905	3,070	23,652	Call
46.00	53,988	9,871	12,444	Call
46.50	9,522	779	12,444	Call
47.00	41,642	1,306	14,620	Call
47.50	10,919	478	14,620	Call
48.00	60,277	428	3,445	Call

How the levels moved over the last 3 days

IBIT archive · each day's close.
Day	Price	Gamma flip	Call wall	Put wall
2026-08-10	36.17	35.31	37.00	35.00
2026-08-11	35.84	35.46	37.00	35.00
2026-08-12	35.86	35.55	36.00	35.00

IBIT numeric indicators.
Metric	Value
Max pain strike	42.00
Put/Call ratio · today's volume	0.62
Put/Call ratio · open interest	0.62
0DTE gamma flip	44.73
0DTE contracts in chain	118
Total contracts read	604

Strongest magnet levels

45.00 ⁦11.65⁩ مليون
46.00 ⁦11.27⁩ مليون
48.00 ⁦10.78⁩ مليون

Strongest accelerant levels

42.50 ⁦−1.41⁩ مليون
41.00 ⁦−1.08⁩ مليون
43.50 −656,795

Option walls and session range

The largest call cluster sits at 46.0000 (1.70% from price) and the largest put cluster at 45.0000 (-0.51% from price). They are 2.22% apart — a normal range: IBIT tends to stay inside it while positioning holds, because hedging at each wall resists a break through it.

Exposure size and hedging density

صافي تعرّض الغاما لـIBIT يبلغ ⁦82.56⁩ مليون، وهو حجمٌ محدود. Hedging for a 1% move is about ⁦1.83⁩ مليون 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 604 contracts in the chain.

What the recent history of IBIT says

Over the last 27 days of tracking (292 archived snapshots), IBIT stayed above the gamma flip in 63% of readings، وتنقّلت نقطةُ الانقلاب نفسُها بين 35.2800 و43.4600، أي بنطاق 23.19٪، 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 (⁦51.23⁩ مليون).