GAMMA EXPOSURE · Dealer positioning

ORLY Gamma Today: Positioning Walls and the Flip

Every number here is computed from the traded ORLY 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.

87.89$ Negative gamma Refreshed every five minutes during the US session (UTC)

🔒 مستوياتُ التنفيذ مقفلة

جدارا الغاما ونقطةُ انقلابها لـORLY متاحةٌ للمشتركين.

ويمكنك فحصُ SPY وQQQ وNVDA كاملةً الآن بلا اشتراك.

اطّلع على الباقات

85.33$ Spot right now 94.67$

Gamma on other symbols

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

Options chain around ORLY price

ORLY · open interest at each strike.
Strike	Calls	Puts	Today's volume	Skew
81.33	7	350	—	Put
82.67	50	407	—	Put
84.00	76	263	23	Put
85.00	1	96	1	Put
85.33	362	829	1	Put
86.67	117	186	7	Put
88.00	687	2,540	15	Put
89.33	300	336	2	Put
90.00	265	35	21	Call
90.67	215	1,543	21	Put
92.00	706	817	12	Put
93.33	436	283	2	Call

How the levels moved over the last 3 days

ORLY archive · each day's close.
Day	Price	Gamma flip	Call wall	Put wall
2026-08-10	91.89	86.03	95.00	90.00
2026-08-11	93.02	85.70	95.00	90.00
2026-08-12	91.97	85.63	95.00	90.00

ORLY numeric indicators.
Metric	Value
Max pain strike	90.67
Put/Call ratio · today's volume	0.65
Put/Call ratio · open interest	0.63
0DTE gamma flip	89.70
0DTE contracts in chain	150
Total contracts read	186

Strongest magnet levels

94.67 878,328
95.00 335,519
96.00 166,676

Strongest accelerant levels

88.00 ⁦−1.4⁩ مليون
90.67 −836,773
85.33 −253,349

Where does ORLY stand relative to the gamma flip?

Price 87.8900 is under the gamma flip 89.0300 by 1.28%. Positioning is negative: dealer hedging runs **with** the move rather than against it, so jumps become wider and reversals sharper. Sessions in this state move more than the size of the news would suggest. Price is inside the range between 85.3300 and 94.6700, closer to Put wall of the two.

Option walls and session range

أكبرُ تجمّعٍ لعقود الشراء عند 94.6700 (7.71% from price)، ولعقود البيع عند 85.3300 (-2.91% from price)، والمسافةُ بينهما 10.95٪، a **wide** range. That does not imply a move is coming, only that the walls are far enough apart not to confine ORLY during the session, so flow leads rather than hedging.

Exposure size and hedging density

صافي تعرّض الغاما لـORLY يبلغ ⁦−1.32⁩ مليون، وهو حجمٌ محدود. Hedging for a 1% move is about 15,053 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 186 contracts in the chain.

What the recent history of ORLY says

Over the last 27 days of tracking (293 archived snapshots), ORLY stayed above the gamma flip in 75% of readings، وتنقّلت نقطةُ الانقلاب نفسُها بين 85.0900 و89.3600، أي بنطاق 5.02٪، 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 (⁦3.41⁩ مليون).