Gamma Guide
Bullish Market Pattern
High call gamma above current price, low put gamma below
Individual Gamma Distribution
How to Read: Green line shows call gamma, red line shows put gamma. Higher values indicate more hedging pressure at those strikes.
Total Gamma per Strike
How to Read: Taller bars = more total gamma exposure. These strikes act as "magnets" or "resistance" levels.
Net Gamma (Call - Put)
How to Read: Positive = call gamma dominance (bullish bias), Negative = put gamma dominance (bearish bias or support).
Cumulative Gamma ⭐ Most Important!
How to Read: Shows total gamma "wall" building up. Steep slopes = strong gamma levels that can halt price movement.
Market Implications
- Market expects upward movement
- Call gamma creates buying pressure on rallies
- Limited downside support from puts
- Higher volatility on breaks below support