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Gamma exposure / PLTR

PLTR gamma exposure

Dealer hedging is positioned to lean against moves.

PLTR is at 186.91, 3.88% above its gamma flip at 179.65. In positive gamma, dealer hedging tends to lean against moves: dealers sell into rallies and buy into dips.

The call wall is 200 and the put wall is 177.50. The king node, the strike where dealer hedging is most concentrated, is 200.

As of 4:10 PM ET, Tue Sep 29. The live map refreshes through the trading day.

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The numbers

Price186.91
Gamma regimePositive gamma
Gamma flip179.65-3.88%
Call wall200+7.00%
Put wall177.50-5.03%
King node200+7.00%
Total dealer gamma+$0.07bn per 1% move

Common questions

Is PLTR in positive or negative gamma right now?
Positive gamma. As of 4:10 PM ET, Tue Sep 29, PLTR is at 186.91, 3.88% above its gamma flip at 179.65. In positive gamma, dealer hedging tends to lean against moves: dealers sell into rallies and buy into dips.
Where is PLTR's gamma flip?
At 179.65, -3.88% from the price of 186.91. The flip is the price where total dealer gamma crosses zero: positive gamma above it, negative below.
What are PLTR's call wall and put wall?
The call wall is 200 and the put wall is 177.50. 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 PLTR's king node?
200. It's the strike with the largest absolute dealer gamma, where hedging is most concentrated.

How it's calculated

Levels come from the PLTR 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.

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