GAMMA EXPOSURE · Dealer positioning

WULF Gamma Today: Positioning Walls and the Flip

Every number here is computed from the traded WULF 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.

16.51$ Positive gamma Refreshed every five minutes during the US session (UTC)

🔒 مستوياتُ التنفيذ مقفلة

جدارا الغاما ونقطةُ انقلابها لـWULF متاحةٌ للمشتركين.

ويمكنك فحصُ SPY وQQQ وNVDA كاملةً الآن بلا اشتراك.

اطّلع على الباقات

15.00$ Spot right now 18.00$

Gamma on other symbols

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

Options chain around WULF price

WULF · open interest at each strike.
Strike	Calls	Puts	Today's volume	Skew
15.00	5,973	50,693	865	Put
15.50	725	6,116	865	Put
16.00	19,339	22,289	2,050	Put
16.50	6,265	6,147	2,050	Call
17.00	34,310	12,605	11,705	Call
17.50	1,929	108	11,705	Call
18.00	57,333	6,884	5,517	Call

How the levels moved over the last 3 days

WULF archive · each day's close.
Day	Price	Gamma flip	Call wall	Put wall
2026-08-10	16.36	16.82	20.00	15.00
2026-08-11	16.82	16.72	18.00	15.00
2026-08-12	17.27	16.91	18.00	17.00

WULF numeric indicators.
Metric	Value
Max pain strike	16.00
Put/Call ratio · today's volume	0.38
Put/Call ratio · open interest	0.60
0DTE gamma flip	16.28
0DTE contracts in chain	88
Total contracts read	480

Strongest magnet levels

18.00 ⁦1.53⁩ مليون
20.00 ⁦1.13⁩ مليون
22.00 ⁦1.02⁩ مليون

Strongest accelerant levels

15.00 ⁦−1.43⁩ مليون
13.00 −841,931
15.50 −275,349

Where does WULF stand relative to the gamma flip?

السعرُ 16.5100 يعلو نقطةَ الانقلاب 15.4600 بفارق 6.79٪، 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 6.8٪، أي أنّه ليس سيناريو الجلسة الأقرب. والسعرُ في منتصف المسافة بين الجدارين (15.0000 و18.0000)، أبعدُ نقطةٍ عن either, and the position that calls for the least flow-driving hedging.

Option walls and session range

أكبرُ تجمّعٍ لعقود الشراء عند 18.0000 (9.02% from price)، ولعقود البيع عند 15.0000 (-9.15% 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 WULF during the session, so flow leads rather than hedging.

Exposure size and hedging density

صافي تعرّض الغاما لـWULF يبلغ ⁦3.26⁩ مليون، وهو حجمٌ محدود. Hedging for a 1% move is about 197,440 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 480 contracts in the chain.

What the recent history of WULF says

Over the last 27 days of tracking (297 archived snapshots), WULF stayed above the gamma flip in 46% of readings، وتنقّلت نقطةُ الانقلاب نفسُها بين 15.3700 و17.4700، أي بنطاق 13.66٪، 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 above the period average (−774,411).