GAMMA EXPOSURE · Dealer positioning

LULU Gamma Today: Positioning Walls and the Flip

Every number here is computed from the traded LULU 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.

100.61$ Negative gamma Refreshed every five minutes during the US session (UTC)

🔒 مستوياتُ التنفيذ مقفلة

جدارا الغاما ونقطةُ انقلابها لـLULU متاحةٌ للمشتركين.

ويمكنك فحصُ SPY وQQQ وNVDA كاملةً الآن بلا اشتراك.

اطّلع على الباقات

100.00$ Spot right now 120.00$

Gamma on other symbols

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

Options chain around LULU price

LULU · open interest at each strike.
Strike	Calls	Puts	Today's volume	Skew
95.00	76	3,364	10,673	Put
96.00	0	6	3,424	Put
97.00	0	102	1,266	Put
98.00	0	39	5,598	Put
99.00	25	112	3,022	Put
100.00	417	6,943	25,788	Put
101.00	0	52	4,103	Put
102.00	0	186	1,754	Put
103.00	0	139	1,779	Put
104.00	10	175	5,690	Put
105.00	241	4,665	13,442	Put
106.00	20	479	1,014	Put

How the levels moved over the last 3 days

LULU archive · each day's close.
Day	Price	Gamma flip	Call wall	Put wall
2026-08-10	127.75	119.73	130.00	115.00
2026-08-11	126.02	121.80	130.00	125.00
2026-08-12	120.91	121.51	130.00	115.00

LULU numeric indicators.
Metric	Value
Max pain strike	110.00
Put/Call ratio · today's volume	1.23
Put/Call ratio · open interest	0.79
0DTE contracts in chain	138
Total contracts read	624

Strongest magnet levels

130.00 76,194
125.00 58,225
135.00 39,175

Strongest accelerant levels

100.00 ⁦−3.25⁩ مليون
105.00 ⁦−1.79⁩ مليون
110.00 ⁦−1.28⁩ مليون

Option walls and session range

أكبرُ تجمّعٍ لعقود الشراء عند 120.00 (19.27% from price)، ولعقود البيع عند 100.00 (-0.61% from price)، والمسافةُ بينهما 20.00٪، a **wide** range. That does not imply a move is coming, only that the walls are far enough apart not to confine LULU during the session, so flow leads rather than hedging.

Exposure size and hedging density

صافي تعرّض الغاما لـLULU يبلغ ⁦−9.51⁩ مليون، وهو حجمٌ محدود. Hedging for a 1% move is about 94,567 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 624 contracts in the chain.

What the recent history of LULU says

Over the last 27 days of tracking (292 archived snapshots), LULU stayed above the gamma flip in 62% of readings، وتنقّلت نقطةُ الانقلاب نفسُها بين 115.31 و122.34، أي بنطاق 6.10٪، وهو ما يعني أنّ the level moves with the market and does not serve as a fixed reference across days.