GAMMA EXPOSURE · Dealer positioning

NEE Gamma Today: Positioning Walls and the Flip

Every number here is computed from the traded NEE 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.

83.43$ Negative gamma Refreshed every five minutes during the US session (UTC)

🔒 مستوياتُ التنفيذ مقفلة

جدارا الغاما ونقطةُ انقلابها لـNEE متاحةٌ للمشتركين.

ويمكنك فحصُ SPY وQQQ وNVDA كاملةً الآن بلا اشتراك.

اطّلع على الباقات

80.00$ Spot right now 85.00$

Gamma on other symbols

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

Options chain around NEE price

NEE · open interest at each strike.
Strike	Calls	Puts	Today's volume	Skew
79.00	4	266	89	Put
80.00	897	15,455	205	Put
81.00	95	416	46	Put
82.00	488	3,401	83	Put
82.50	2,078	7,716	83	Put
83.00	2,923	1,546	2,516	Call
84.00	2,416	419	1,164	Call
85.00	11,962	3,682	1,020	Call
86.00	1,526	78	328	Call
87.00	3,339	130	974	Call
87.50	7,925	3,859	974	Call
88.00	1,219	3	9	Call

How the levels moved over the last 3 days

NEE archive · each day's close.
Day	Price	Gamma flip	Call wall	Put wall
2026-08-10	84.53	84.27	87.50	80.00
2026-08-11	85.55	84.37	87.50	85.00
2026-08-12	85.68	84.45	87.50	85.00

NEE numeric indicators.
Metric	Value
Max pain strike	85.00
Put/Call ratio · today's volume	0.42
Put/Call ratio · open interest	0.93
0DTE gamma flip	82.96
0DTE contracts in chain	76
Total contracts read	440

Strongest magnet levels

85.00 ⁦6.1⁩ مليون
84.00 ⁦1.78⁩ مليون
87.50 ⁦1.66⁩ مليون

Strongest accelerant levels

80.00 ⁦−6.66⁩ مليون
82.50 ⁦−4.33⁩ مليون
77.50 ⁦−2.93⁩ مليون

Where does NEE stand relative to the gamma flip?

Price 83.4300 is below the gamma flip 83.5200 by only 0.11%. التموضّعُ سالبٌ والمسافةُ ضيّقة، وهذا أشدُّ الأوضاع حساسيّةً: a small bounce returns gamma to positive and the market calms abruptly, while a small drop deepens the negative and it accelerates. Direction is undecided; volatility is not. Price is inside the range between 80.0000 and 85.0000, closer to Call wall of the two.

Option walls and session range

أكبرُ تجمّعٍ لعقود الشراء عند 85.0000 (1.88% from price)، ولعقود البيع عند 80.0000 (-4.11% from price)، والمسافةُ بينهما 6.25٪، a **wide** range. That does not imply a move is coming, only that the walls are far enough apart not to confine NEE during the session, so flow leads rather than hedging.

Exposure size and hedging density

صافي تعرّض الغاما لـNEE يبلغ ⁦−2.49⁩ مليون، وهو حجمٌ محدود. Hedging for a 1% move is about 29,807 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 440 contracts in the chain.

What the recent history of NEE says

Over the last 27 days of tracking (297 archived snapshots), NEE stayed above the gamma flip in 45% of readings، وتنقّلت نقطةُ الانقلاب نفسُها بين 83.0100 و86.6000، أي بنطاق 4.32٪، 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 (⁦−7.07⁩ مليون).