ADP gamma levels.

Where ADP tends to stick and where it slips: the call wall, put wall, gamma flip and Volt, 15-minute delayed and free.

• ADP $273.81 · up 1.08% on the day · positive gamma overall (moves grind and levels hold)
• Levels: ★ Volt, the biggest level 290 (above price · 16.19 / 5.91% away); ↯ Surge, live flow 272.5 (below price · 1.31 / 0.48% away); ‖ call wall — ceiling, sticky 290 (above price · 16.19 / 5.91% away); ‖ put wall — floor, slippery 260 (below price · 13.81 / 5.04% away); ⚡ gamma flip 261.04 (below price · 12.77 / 4.66% away); ↘ Reversal 260 (below price · 13.81 / 5.04% away)
• Expected move today ±8.90
• Strikes nearest the money (high to low): 280 positive, 277.5 positive, 275 positive, 272.5 positive, 270 negative, 267.5 positive
• Since yesterday's close, positioning grew at 272.5, 280, 290 and faded at 260.
• Event pricing: the options market prices an unusually large move into 2026-10-30 (±$19.36 by that date, about 1.8x this board's normal daily move). On single names this is usually an earnings report. Descriptive of the market's own pricing, never a forecast.
• ATM implied volatility 25.8%