DOW gamma levels.
Where DOW tends to stick and where it slips: the call wall, put wall, gamma flip and Volt, 15-minute delayed and free.
- DOW $28.20 · down 0.25% on the day · negative gamma overall (moves tend to extend)
- Levels: ★ Volt — biggest level 32.5 (above price · 4.30 / 15.25% away); ↯ Surge — live flow 29 (above price · 0.80 / 2.84% away); ‖ call wall — ceiling, sticky 32.5 (above price · 4.30 / 15.25% away); ‖ put wall — slippery, but above price · not a floor from here 30 (above price · 1.80 / 6.38% away); ⚡ gamma flip 28.8 (above price · 0.60 / 2.13% away); ↘ Reversal 27.5 (below price · 0.70 / 2.48% away)
- Expected move today ±1.12 · pre-open reference
- Strikes nearest the money (high to low): 29.5 positive, 29 positive, 28.5 positive, 28 negative, 27.5 negative, 27 negative
- Weekly magnet confluence: the next 4 weekly expirations put their biggest positive-gamma level below price (agreement of positioning, not a prediction).
- ATM implied volatility 42.3%