SPX dealer positioning — now
Tuesday, August 25, 2026 · reading as of 14:06 ET · at least 15 minutes behind the live stream
SPX is 26 points above the zero-gamma flip, so dealer hedging is damping moves rather than chasing them. Net dealer gamma sits at the 44th percentile of the archive. These are measurements of dealer positioning, not buy or sell signals. It is the state as of 14:06 ET — at least 15 minutes behind the live stream, sometimes more; reload for a newer one.
| Spot | 7,666.86 (-12.71, -0.17%) |
| Session VWAP | 7,667.45 |
| Zero-gamma flip | 7,640.9 |
| Call resistance | 7,670 |
| Put support | 7,640 |
| Expected-hold band | 7,640.7 – 7,703.3 |
| Regime | positive gamma |
| Distance to flip | +26.0 |
| Net-gamma percentile | 44 |
The live terminal streams the same book every second with no delay, and adds what this page deliberately leaves out: the strike ladder, vanna and charm, all three books and where they disagree, and the trail of every level through the day. The previous finished session, free and complete: 2026-08-24.
New to these terms? Start with what GEX is and the zero-gamma flip. How often these levels hold, measured across the whole archive: level hold rates. Measurements are model output derived from public trade and quote data; they are approximations and can be wrong. Nothing here is investment advice — see the Terms.