NLY gamma levels.

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

• NLY $18.47 · up 0.98% on the day · positive gamma overall (moves grind and levels hold)
• Levels: ★ Volt, the biggest level 18.5 (above price · 0.03 / 0.16% away); ↯ Surge, live flow 18.5 (above price · 0.03 / 0.16% away); ‖ call wall — ceiling, sticky 18.5 (above price · 0.03 / 0.16% away); ‖ put wall — floor, slippery 18 (below price · 0.47 / 2.54% away); ⚡ gamma flip 17.86 (below price · 0.61 / 3.30% away); ↘ Reversal 18 (below price · 0.47 / 2.54% away)
• Expected move today ±0.35
• Strikes nearest the money (high to low): 19.5 positive, 19 positive, 18.5 positive, 18 negative, 17.5 negative, 17 negative
• Since yesterday's close, positioning grew at 18.5, 19.
• Event pricing: the options market prices an unusually large move into 2026-12-11 (±$2.57 by that date, about 4.3x 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 39.3%