GAMMA EXPOSURE · Dealer positioning

PINS Gamma Today: Positioning Walls and the Flip

Every number here is computed from the traded PINS 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.

20.40$ Positive gamma Refreshed every five minutes during the US session (UTC)

🔒 مستوياتُ التنفيذ مقفلة

جدارا الغاما ونقطةُ انقلابها لـPINS متاحةٌ للمشتركين.

ويمكنك فحصُ SPY وQQQ وNVDA كاملةً الآن بلا اشتراك.

اطّلع على الباقات

20.00$ Spot right now 21.50$

Gamma on other symbols

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

Options chain around PINS price

PINS · open interest at each strike.
Strike	Calls	Puts	Today's volume	Skew
18.00	224	4,211	214	Put
18.50	20	196	214	Put
19.00	555	1,108	573	Put
19.50	33	70	573	Put
20.00	1,074	2,235	8,105	Put
20.50	65	422	8,105	Put
21.00	5,466	6,417	921	Put
21.50	13,685	535	921	Call
22.00	5,700	3,639	98	Call
22.50	547	270	98	Call

How the levels moved over the last 3 days

PINS archive · each day's close.
Day	Price	Gamma flip	Call wall	Put wall
2026-08-10	24.09	22.75	25.00	24.00
2026-08-11	23.70	22.74	24.00	23.00
2026-08-12	22.88	22.71	24.00	22.00

PINS numeric indicators.
Metric	Value
Max pain strike	21.00
Put/Call ratio · today's volume	0.18
Put/Call ratio · open interest	0.63
0DTE gamma flip	18.85
0DTE contracts in chain	66
Total contracts read	366

Strongest magnet levels

21.50 ⁦1.13⁩ مليون
24.00 129,156
22.00 99,090

Strongest accelerant levels

23.00 −258,216
18.00 −117,185
20.00 −98,528

Where does PINS stand relative to the gamma flip?

السعرُ 20.4000 يعلو نقطةَ الانقلاب 19.6600 بفارق 3.76٪، 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 3.8٪، أي أنّه ليس سيناريو الجلسة الأقرب. Price is inside the range between 20.0000 and 21.5000, closer to Put wall of the two.

Option walls and session range

أكبرُ تجمّعٍ لعقود الشراء عند 21.5000 (5.39% from price)، ولعقود البيع عند 20.0000 (-1.96% from price)، والمسافةُ بينهما 7.50٪، a **wide** range. That does not imply a move is coming, only that the walls are far enough apart not to confine PINS during the session, so flow leads rather than hedging.

Exposure size and hedging density

صافي تعرّض الغاما لـPINS يبلغ 833,899، وهو حجمٌ محدود. Hedging for a 1% move is about 40,877 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 366 contracts in the chain.

What the recent history of PINS says

Over the last 27 days of tracking (292 archived snapshots), PINS stayed above the gamma flip in 77% of readings، وتنقّلت نقطةُ الانقلاب نفسُها بين 19.5600 و23.9400، أي بنطاق 22.39٪، وهو ما يعني أنّ the level moves with the market and does not serve as a fixed reference across days.