Gamma exposure / GOOGL
GOOGL gamma exposure
Dealer hedging is positioned to lean against moves.
GOOGL is at 295.77, 0.64% above its gamma flip at 293.89. In positive gamma, dealer hedging tends to lean against moves: dealers sell into rallies and buy into dips.
The call wall is 300 and the put wall is 290. The king node, the strike where dealer hedging is most concentrated, is 290. The 1-sigma range to the 2026-11-16 close is ±6.25 (289.52 to 302.02).
As of 4:00 PM ET, Fri Nov 13. The map refreshes through the trading day.
The full map adds the playbook and the price chart with every level. Live data, options flow and CVD come with a HelmFi plan.
The numbers
| Price | 295.77 |
|---|---|
| Gamma regime | Positive gamma |
| Gamma flip | 293.89-0.64% |
| Call wall | 300+1.43% |
| Put wall | 290-1.95% |
| King node | 290-1.95% |
| Total dealer gamma | +$0.00bn per 1% move |
| 1-sigma range | ±6.25 to 2026-11-16 |
| Max pain | 2952026-11-16 expiry |
| Gamma expiring today | 0% |
Common questions
- Is GOOGL in positive or negative gamma right now?
- Positive gamma. As of 4:00 PM ET, Fri Nov 13, GOOGL is at 295.77, 0.64% above its gamma flip at 293.89. In positive gamma, dealer hedging tends to lean against moves: dealers sell into rallies and buy into dips.
- Where is GOOGL's gamma flip?
- At 293.89, -0.64% from the price of 295.77. The flip is the price where total dealer gamma crosses zero: positive gamma above it, negative below.
- What are GOOGL's call wall and put wall?
- The call wall is 300 and the put wall is 290. The call wall is the strike above the price with the largest positive dealer gamma; the put wall is the strike below it with the largest negative dealer gamma. They mark where hedging pressure tends to lean against price.
- What is GOOGL's king node?
- 290. It's the strike with the largest absolute dealer gamma, where hedging is most concentrated.
How it's calculated
Levels come from the GOOGL options chain (expiries out to 45 days, strikes within 18% of the price), modeled with the industry-standard convention that dealers are long calls and short puts. It's a model of positioning, not a measurement. Full formulas are on the methodology page.