SPOT gamma levels.

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

• SPOT $528.80 · down 0.06% on the day · positive gamma overall (moves grind and levels hold)
• Levels: ★ Volt, the biggest level 550 (above price · 21.20 / 4.01% away); ↯ Surge, live flow 522.5 (below price · 6.30 / 1.19% away); ‖ call wall — ceiling, sticky 550 (above price · 21.20 / 4.01% away); ‖ put wall — floor, slippery 490 (below price · 38.80 / 7.34% away); ⚡ gamma flip 497.53 (below price · 31.27 / 5.91% away); ↘ Reversal 480 (below price · 48.80 / 9.23% away)
• Expected move today ±26.4
• Strikes nearest the money (high to low): 535 positive, 532.5 positive, 530 positive, 527.5 positive, 525 positive, 522.5 positive
• Since yesterday's close, positioning grew at 525, 600, 630 and faded at 475, 490, 535.
• Event pricing: the options market prices an unusually large move into 2026-10-23 (±$63.07 by that date, about 1.9x 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 41.7%