GAMMA EXPOSURE · Dealer positioning

IGV Gamma Today: Positioning Walls and the Flip

Every number here is computed from the traded IGV 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.

104.57$ Positive gamma Refreshed every five minutes during the US session (UTC)

🔒 مستوياتُ التنفيذ مقفلة

جدارا الغاما ونقطةُ انقلابها لـIGV متاحةٌ للمشتركين.

ويمكنك فحصُ SPY وQQQ وNVDA كاملةً الآن بلا اشتراك.

اطّلع على الباقات

100.00$ Spot right now 105.00$

Gamma on other symbols

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

Options chain around IGV price

IGV · open interest at each strike.
Strike	Calls	Puts	Today's volume	Skew
101.50	3,519	637	67	Call
102.00	562	2,791	64	Put
102.50	47	611	64	Put
103.00	1,716	5,541	237	Put
103.50	68	2,096	237	Put
104.00	815	8,604	1	Put
104.50	18	1	1	Call
105.00	21,571	11,292	2	Call
105.50	2	4	2	Put
106.00	879	3,578	666	Put
107.00	1,210	1,391	1,278	Put
108.00	1,002	427	70	Call

How the levels moved over the last 3 days

IGV archive · each day's close.
Day	Price	Gamma flip	Call wall	Put wall
2026-08-10	105.01	97.93	110.00	95.00
2026-08-11	103.91	98.01	110.00	100.00
2026-08-12	103.12	98.48	105.00	103.00

IGV numeric indicators.
Metric	Value
Max pain strike	100.00
Put/Call ratio · today's volume	1.43
Put/Call ratio · open interest	1.06
0DTE gamma flip	107.29
0DTE contracts in chain	128
Total contracts read	606

Strongest magnet levels

110.00 ⁦13.9⁩ مليون
100.00 ⁦10.48⁩ مليون
105.00 ⁦8.5⁩ مليون

Strongest accelerant levels

104.00 ⁦−5.05⁩ مليون
103.00 ⁦−2.94⁩ مليون
90.00 ⁦−2.23⁩ مليون

Where does IGV stand relative to the gamma flip?

السعرُ 104.57 يعلو نقطةَ الانقلاب 99.9500 بفارق 4.62٪، 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 4.6٪، أي أنّه ليس سيناريو الجلسة الأقرب. Price is pinned to the call wall at 105.00: breaking above it forces buy-side hedging that accelerates the move up, while rejection from it is the more frequent outcome.

Option walls and session range

The largest call cluster sits at 105.00 (0.41% from price) and the largest put cluster at 100.00 (-4.37% from price). They are 5.00% apart — a normal range: IGV 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 لـIGV يبلغ ⁦22⁩ مليون، وهو حجمٌ محدود. Hedging for a 1% move is about 210,345 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 606 contracts in the chain.

What the recent history of IGV says

Over the last 27 days of tracking (298 archived snapshots), IGV stayed above the gamma flip in 90% of readings، وتنقّلت نقطةُ الانقلاب نفسُها بين 94.6800 و108.29، أي بنطاق 14.37٪، 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 (⁦36.54⁩ مليون).