Today: the market is in positive gamma→

See the levels dealersare forced to hedge.

Gamma levels locked before the open. Gamma Bands live through the session. SPY, QQQ and 400+ names, in plain English.

SPY & QQQ levels before every open. No card, one email a day, unsubscribe with one reply.

StrikeWed 9/23Thu 9/24Fri 9/25Mon 9/28Wed 9/30Fri 10/2Fri 10/9Fri 10/16OPEXFri 10/23Fri 10/30
6041.7M4.9M19.2M11.0M6.6M6.5M8.1M7.2M2.7M484K
603420K−832K231M8.2M9.0M4.7M2.6M500K482K3.8M
602936K1.1M12.7M2.7M4.5M258K650K10.5M2.6M1.3M
601416K−478K−121K1.9M−2.8M4.0M321K5.0M1.4M−435K
600◀86K−1.4M229K−667K−347K305K−544K−72K−68K
599−403K−1.6M−8.2M−527K−1.4M−214K−4.0M−1.6M−231K
598−5.7M−5.8M−431K−4.8M−5.7M−6.3M−1.0M−8.8M−1.7M−3.0M
597−5.5M−7.4M−85.8M−4.7M−13.0M−6.5M−3.3M−20.0M−3.4M−228K
596−15.3M−5.9M−10.8M−12.4M−991K−4.2M−8.1M−18.9M−201K−5.3M
595−16.3M−18.3M−25.9M−21.9M−13.3M−1.8M−5.5M−36.9M−4.1M−7.4M
594−1.2M−6.1M−13.2M−4.1M−3.0M−9.8M−6.1M−14.8M−2.5M−1.6M
593−13.0M−2.3M−8.8M−4.9M−7.9M−6.2M−529K−17.9M−1.1M−1.5M
592−8.9M−5.1M−12.7M−5.9M−6.8M−381K−3.0M−241M−1.7M−136K

The member app, rendered with sample data.

Pre-open
levels published before 9:30 ET — check them against the tape yourself
0
redraws: the 9:00 plan is the 4:00 plan
400+
stocks & ETFs read every night
Every minute
live Gamma Bands through the session
Today’s map

SPY & QQQ, locked before the open.

These are today’s real levels, not a demo. The gamma state is public; the prices unlock with your email — and then land in your inbox before every open.

One email per trading day. Unsubscribe with one reply.

POSITIVE GAMMA

Dealers tend to dampen moves. Expect chop and mean reversion.

SPY$763.25
Gamma Flip
Weekly Wall
Monthly Wall
Flow Line

Levels hidden — free with your email above

QQQ$709.80
Gamma Flip
Weekly Wall
Monthly Wall
Flow Line

Levels hidden — free with your email above

Our levels

Four proprietary levels, printed on every chart before the open.

Every night the engine reads the full options chain on 400+ names and computes where dealer hedging is forced to concentrate. That becomes four lines per ticker — computed after the close, locked before the open, never redrawn. The plan you read at 9:00 is the plan all day.

SPY chart with the Gamma Flip, Weekly Wall, Monthly Wall and Flow Line drawn on price, and dealer gamma by strike beside it
Gamma Flip
The regime line.

Above it, dealer hedging tends to dampen moves: days chop and mean-revert. Below it, the same hedging amplifies them: days trend and swing wider, in both directions. Not bullish or bearish; calm water or rough.

Weekly Wall
The reaction zone.

The strike where this week’s dealer hedging is thickest. Price tends to react here rather than drift through: the first reference underneath when price is above it, the first overhead when below.

Monthly Wall
The bigger, slower magnet.

The same idea across the monthly expiration cycle. It moves slowly night to night, and price has tended to drift toward it or stall at it over days rather than hours.

Flow Line
Where new money just arrived.

Not where hedging sits, but where fresh options positioning went in over recent sessions. Fresh positions have live defenders, so it tends to matter on a swing timeframe.

Levels tend to matter; some days they don’t. Nothing here is a signal or a prediction. How each one is read →

Gamma exposure

Know what kind of day you woke up in — and watch it change.

Every night we read the full options chain and compute dealer gamma at every strike. Where that money concentrates becomes four locked lines. Then, from the open, live Gamma Bands show that gamma moving strike by strike, minute by minute.

  • The gamma state
    Positive gamma tends to mean chop and mean-reversion; negative gamma tends to mean trend and wider swings. One line decides which.
  • Gamma Bands, live
    Gold for call gamma, teal for put gamma, drawn on the candles and redrawn every minute — the locked lines say where dealers start the day, the bands show where they are now.
  • The GEX heatmap behind them
    The whole option chain as one grid — every strike, every expiration — so you can see which date a wall belongs to and when it rolls off.
Heatmap · SPY (sample data)
StrikeWed 9/23Thu 9/24Fri 9/25Mon 9/28Wed 9/30Fri 10/2Fri 10/9
609822K3.2M4.2M4.4M4.1M743K2.8M
6083.3M1.6M16.0M5.4M6.4M3.7M2.4M
607338K3.2M9.3M5.6M9.3M7.5M913K
60618.3M681K50.8M11.2M23.2M10.0M902K
6053.6M3.8M797K2.3M5.6M2.6M320K
6041.7M4.9M19.2M11.0M6.6M6.5M8.1M
603420K−832K231M8.2M9.0M4.7M2.6M
602936K1.1M12.7M2.7M4.5M258K650K
601416K−478K−121K1.9M−2.8M4.0M321K
600◀86K−1.4M229K−667K−347K305K
599−403K−1.6M−8.2M−527K−1.4M−214K
598−5.7M−5.8M−431K−4.8M−5.7M−6.3M−1.0M
597−5.5M−7.4M−85.8M−4.7M−13.0M−6.5M−3.3M
596−15.3M−5.9M−10.8M−12.4M−991K−4.2M−8.1M
595−16.3M−18.3M−25.9M−21.9M−13.3M−1.8M−5.5M
594−1.2M−6.1M−13.2M−4.1M−3.0M−9.8M−6.1M
593−13.0M−2.3M−8.8M−4.9M−7.9M−6.2M−529K
592−8.9M−5.1M−12.7M−5.9M−6.8M−381K−3.0M
591−7.8M−3.3M−3.1M−5.1M−4.1M−5.3M−2.6M
590−4.3M−3.3M−8.9M−4.7M−6.0M−464K−398K
589−2.3M−2.8M−4.4M−4.3M−3.5M−4.4M−1.8M
Options flow

Where the new money went — with the exact contract.

Live flow feeds bury you in prints: hedges, spreads, noise. We scan 400+ names after the close for positioning that actually opened, and name the one contract carrying the most of it.

  • Confirmed by open interest
    A position counts when the next day’s open interest shows it was opened and still held — not because one print looked big.
  • Lean and tilt, in one glance
    Bullish or bearish, and how lopsided: new money leaning 5.9 : 1 toward upside strikes reads very differently from 1.2 : 1.
  • A research list, not a tip sheet
    Strike, expiry and premium so you can follow along — and check it against the levels before you do anything.
Flow · where the money went (sample data)
AMZNBullish flow✓ Confirmed$19.2M in new positioning
Follow along:$265 call·exp Oct 23·$2.0M traded in it last session

New positioning leans 5.9:1 toward upside strikes, concentrated in the swing tenor. 28 contracts on that side were confirmed opened and still held at the close.

NVDABullish flow✓ Confirmed$24.6M in new positioning
Follow along:$230 call·exp Oct 16·$3.4M traded in it last session

New positioning leans 3.1:1 toward upside strikes, concentrated in the swing tenor.

SPYBearish flow$16.3M in new positioning
Follow along:$590 put·exp Oct 16·$7.2M traded in it last session

New positioning leans 10.0:1 toward downside strikes, concentrated in the swing tenor.

Plain English

Every level, explained like a person would.

The engine does the math. The AI reads the locked levels, the spot price and the regime — and tells you what they mean in a few sentences. A sanity check before you size in, not a signal.

  • Ask about any ticker or level
    “Where is NVDA versus its Gamma Flip?” “Why does the Weekly Wall matter today?”
  • Grounded in the numbers
    Answers cite the actual locked prices — no vibes, no recycled headlines.
  • Never tells you what to buy
    It explains positioning. The decision stays yours.
Ask AI (sample data)
SPY
SPY is just under the Weekly Wall. What does that mean today?
Reading the locked levels · plain-English answer
How it works

From the options chain to four lines on your chart.

01
See the money

After the close, we read the full options chain on SPY, QQQ and 400+ names — every strike, every expiration, where real money is actually positioned.

02
Compute the gamma

That positioning forces dealers to hedge. We calculate dealer gamma (GEX) at every strike: the dollars of forced buying and selling parked at each price.

03
Lock it, then watch it live

Where the money concentrates becomes the Gamma Flip, the Walls and the Flow Line — locked before the open so the plan can’t move after the fact. From the bell, Gamma Bands track the live gamma on top.

Free, every trading morning

The whole morning read, in one email.

The gamma state up top. SPY and QQQ levels underneath. Three or four unusual options flows with the exact contracts. One chart with the Gamma Map. No essay, no fifteen links, no “markets were mixed.”

It lands before the open and takes about a minute. The levels are locked the night before and don’t move during the session.

One email per trading day. Free. Reply “unsubscribe” any time.

The Trade Tracer daily email template: gamma state, then SPY and QQQ levels

The daily template, rendered exactly as it sends.

Pricing

Start free. Go Pro for live.

Daily Levels
$0forever

The morning read, free.

  • SPY & QQQ levels, locked before the open
  • The market’s gamma state, every morning
  • 3–4 unusual options flows, with the exact contracts
  • The Gamma Map chart for SPY
  • Plain-English notes on what each line means
Pro
$58/mo$79

$699 billed yearly, renews automatically · save $249 vs monthly

Start Pro
Everything in Daily Levels, plus…
  • Gamma Bands — live dealer gamma by strike, gold for calls, teal for puts, redrawn every minute on the chart
  • Live GEX ladder and heatmap on SPY, QQQ, IWM, DIA, SMH, DRAM and the Mag 7
  • Multi — charts, ladders and heatmaps for several names on one screen
  • Locked levels on 400+ stocks & ETFs — Gamma Flip, Weekly & Monthly Walls, Flow Line
  • Nightly unusual options flow across 400+ names, with the contract carrying the money
  • Ask AI — plain-English reads on any ticker or level

Secure checkout by Stripe. Cancel any time from your account page — access runs to the end of the period you paid for.

Not ready for Pro?

Start with the free daily email — SPY & QQQ levels, the gamma state and 3–4 unusual flows, before every open. Upgrade whenever you want every name.

FAQ

Questions, answered straight.

Is the data live?+
Both. The four levels are built from open interest, which the exchanges publish once a day, so they’re locked before the open and never redrawn — the plan you read at 9:00 is the plan all day. On top of them, Gamma Bands use real-time option greeks to show where dealer gamma sits right now, refreshed every minute of the session, on SPY, QQQ, IWM, DIA, SMH, DRAM and the Mag 7. Bands are part of Pro.
What are GEX and the Gamma Flip, in plain English?+
Options dealers hedge the contracts they sell, and that hedging forces them to buy or sell stock at certain prices. GEX (gamma exposure) is our estimate of how many dollars of that forced hedging sit at each strike. The Gamma Flip is the price where it switches sign: above it, hedging tends to dampen moves; below it, hedging tends to amplify them. The walls are where that hedging concentrates this week and this month.
Do you send trade signals?+
No. We publish levels and positioning, and the AI explains them. Nothing here tells you to buy, sell or hold — what you do at a level is your call. That’s also why you won’t see P&L screenshots or win rates on this page.
Can I cancel?+
Any time, from your account page — it’s a Stripe billing portal, no emails to send. Access runs to the end of the period you paid for and you’re never charged again. The free daily levels email keeps coming if you want it.
Which tickers are covered?+
The free email covers SPY and QQQ. Pro covers 400+ of the most actively optioned stocks and ETFs. Live Gamma Bands start with the index ETFs and the Mag 7 and expand from there.

The open is noisy.
Your plan doesn’t have to be.

Tomorrow’s gamma state and levels, in your inbox before the bell. Free.

Want the live bands and every name? Start Pro · Already a member? Sign in