Gamma exposure / HOOD
HOOD gamma exposure
Dealer hedging is positioned to lean against moves.
HOOD is at 116.11, 4.81% above its gamma flip at 110.53. In positive gamma, dealer hedging tends to lean against moves: dealers sell into rallies and buy into dips.
The call wall is 120 and the put wall is 110. The king node, the strike where dealer hedging is most concentrated, is 120.
As of 4:11 PM ET, Tue Sep 29. The live map refreshes through the trading day.
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The numbers
| Price | 116.11 |
|---|---|
| Gamma regime | Positive gamma |
| Gamma flip | 110.53-4.81% |
| Call wall | 120+3.35% |
| Put wall | 110-5.26% |
| King node | 120+3.35% |
| Total dealer gamma | +$0.02bn per 1% move |
Common questions
- Is HOOD in positive or negative gamma right now?
- Positive gamma. As of 4:11 PM ET, Tue Sep 29, HOOD is at 116.11, 4.81% above its gamma flip at 110.53. In positive gamma, dealer hedging tends to lean against moves: dealers sell into rallies and buy into dips.
- Where is HOOD's gamma flip?
- At 110.53, -4.81% from the price of 116.11. The flip is the price where total dealer gamma crosses zero: positive gamma above it, negative below.
- What are HOOD's call wall and put wall?
- The call wall is 120 and the put wall is 110. 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 HOOD's king node?
- 120. It's the strike with the largest absolute dealer gamma, where hedging is most concentrated.
How it's calculated
Levels come from the HOOD 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.