MMM gamma levels.
Where MMM tends to stick and where it slips: the call wall, put wall, gamma flip and Volt, in plain English, 15-minute delayed and free.
- MMM $174.34 · down 2.51% on the day · positive gamma overall (sticky: moves grind and levels hold)
- Levels: ★ Volt — biggest level 190 (above price · 15.66 / 8.98% away); ↯ Surge — live flow 172.5 (below price · 1.84 / 1.06% away); ‖ call wall — ceiling, sticky 190 (above price · 15.66 / 8.98% away); ‖ put wall — slippery, but above price · not a floor from here 175 (above price · 0.66 / 0.38% away); ⚡ gamma flip 166.48 (below price · 7.86 / 4.51% away); ↘ Reversal 175 (above price · 0.66 / 0.38% away)
- Expected move today ±1.17
- Strikes nearest the money (high to low): 180 sticky, 177.5 sticky, 175 slippery, 172.5 slippery, 170 sticky, 167.5 slippery
- Weekly magnet confluence: the next 4 weekly expirations put their biggest positive-gamma level below price (agreement of positioning, not a prediction).
- Since yesterday's close, positioning grew at 160 and faded at 180, 185, 190.
- ATM implied volatility 21.2%