S gamma levels.

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

• S $21.77 · up 0.00% on the day · positive gamma overall (moves grind and levels hold)
• Levels: ★ Volt, the biggest level 25 (above price · 3.23 / 14.84% away); ↯ Surge, live flow 25 (above price · 3.23 / 14.84% away); ‖ call wall — ceiling, sticky 25 (above price · 3.23 / 14.84% away); ‖ put wall — floor, slippery 14 (below price · 7.77 / 35.69% away)
• Expected move today ±2.14 · pre-open reference
• Strikes nearest the money (high to low): 23 positive, 22.5 positive, 22 positive, 21.5 negative, 21 positive, 20.5 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 23 and faded at 21.5, 22, 22.5.
• Event pricing: the options market prices an unusually large move into 2026-12-04 (±$4.65 by that date, about 1.8x 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 69.6%