GAMMA EXPOSURE · Dealer positioning

SMCI Gamma Today: Positioning Walls and the Flip

Every number here is computed from the traded SMCI 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.

39.59$ Positive gamma Refreshed every five minutes during the US session (UTC)

🔒 مستوياتُ التنفيذ مقفلة

جدارا الغاما ونقطةُ انقلابها لـSMCI متاحةٌ للمشتركين.

ويمكنك فحصُ SPY وQQQ وNVDA كاملةً الآن بلا اشتراك.

اطّلع على الباقات

35.00$ Spot right now 40.00$

Gamma on other symbols

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

Options chain around SMCI price

SMCI · open interest at each strike.
Strike	Calls	Puts	Today's volume	Skew
37.00	8,618	4,397	2,176	Call
37.50	924	589	2,176	Call
38.00	14,993	2,475	1,763	Call
38.50	1,927	399	1,763	Call
39.00	6,712	1,006	5,831	Call
39.50	1,263	197	5,831	Call
40.00	36,714	5,768	22,385	Call
40.50	1,420	148	22,385	Call
41.00	9,230	453	3,340	Call
41.50	1,864	15	3,340	Call
42.00	11,034	833	30,887	Call
42.50	1,944	35	30,887	Call

How the levels moved over the last 3 days

SMCI archive · each day's close.
Day	Price	Gamma flip	Call wall	Put wall
2026-08-10	31.70	—	34.00	30.00
2026-08-11	31.41	—	34.00	30.00
2026-08-12	37.94	—	40.00	30.00

SMCI numeric indicators.
Metric	Value
Max pain strike	36.00
Put/Call ratio · today's volume	0.20
Put/Call ratio · open interest	0.57
0DTE gamma flip	33.87
0DTE contracts in chain	124
Total contracts read	526

Strongest magnet levels

40.00 ⁦3.6⁩ مليون
36.00 ⁦2.39⁩ مليون
45.00 ⁦1.64⁩ مليون

Strongest accelerant levels

30.00 −328,666
33.00 −123,247
25.00 −71,382

Option walls and session range

أكبرُ تجمّعٍ لعقود الشراء عند 40.0000 (1.04% from price)، ولعقود البيع عند 35.0000 (-11.59% from price)، والمسافةُ بينهما 14.29٪، a **wide** range. That does not imply a move is coming, only that the walls are far enough apart not to confine SMCI during the session, so flow leads rather than hedging.

Exposure size and hedging density

صافي تعرّض الغاما لـSMCI يبلغ ⁦15.8⁩ مليون، وهو حجمٌ محدود. Hedging for a 1% move is about 399,166 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 526 contracts in the chain.

What the recent history of SMCI says

Over the last 27 days of tracking (291 archived snapshots), SMCI stayed above the gamma flip in 9% of readings، وتنقّلت نقطةُ الانقلاب نفسُها بين 29.6200 و33.5500، أي بنطاق 13.27٪، 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 (⁦28.35⁩ مليون).