MGM gamma levels.
Where MGM tends to stick and where it slips: the call wall, put wall, gamma flip and Volt, 15-minute delayed and free.
- MGM $37.85 · down 2.70% on the day · positive gamma overall (moves grind and levels hold)
- Levels: ★ Volt — biggest level 40 (above price · 2.15 / 5.68% away); ↯ Surge — live flow 41 (above price · 3.15 / 8.32% away); ‖ call wall — ceiling, sticky 40 (above price · 2.15 / 5.68% away); ‖ put wall — floor, slippery 36 (below price · 1.85 / 4.89% away); ↘ Reversal 36 (below price · 1.85 / 4.89% away)
- Expected move today ±6.39
- Strikes nearest the money (high to low): 40 positive, 39 negative, 38 negative, 37 negative, 36 negative, 35 negative
- Weekly magnet confluence: the next 4 weekly expirations put their biggest positive-gamma level above price (agreement of positioning, not a prediction).
- Since yesterday's close, positioning grew at 40.
- ATM implied volatility 59.9%