M gamma levels.

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

• M $24.45 · up 2.99% on the day · negative gamma overall (moves tend to extend)
• Levels: ★ Volt, the biggest level 25 (above price · 0.55 / 2.25% away); ↯ Surge, live flow 25 (above price · 0.55 / 2.25% away); ‖ call wall — sticky, but below price · not a ceiling from here 23 (below price · 1.45 / 5.93% away); ‖ put wall — slippery, but above price · not a floor from here 25 (above price · 0.55 / 2.25% away); ↘ Reversal 23 (below price · 1.45 / 5.93% away)
• Expected move today ±0.96 · pre-open reference
• Strikes nearest the money (high to low): 25.5 positive, 25 negative, 24.5 positive, 24 positive, 23.5 positive, 23 positive
• Event pricing: the options market prices an unusually large move into 2026-11-13 (±$3.43 by that date, about 2.5x 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 53.6%