FEZ gamma levels.

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

• FEZ $66.05 · up 0.84% on the day · negative gamma overall (moves tend to extend)
• Levels: ★ Volt, the biggest level 66 (below price · 0.05 / 0.08% away); ↯ Surge, live flow 67 (above price · 0.95 / 1.44% away); ‖ call wall — sticky, but below price · not a ceiling from here 66 (below price · 0.05 / 0.08% away); ‖ put wall — slippery, but above price · not a floor from here 68 (above price · 1.95 / 2.95% away); ⚡ gamma flip 68.88 (above price · 2.83 / 4.28% away); ↘ Reversal 68 (above price · 1.95 / 2.95% away)
• Expected move today ±3.16 · pre-open reference
• Strikes nearest the money (high to low): 67.5 positive, 67 positive, 66.5 negative, 66 positive, 65.5 positive, 65 negative
• Event pricing: the options market prices an unusually large move into 2026-12-04 (±$4.62 by that date, about 2.1x 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 100.8%