SPXS gamma levels.

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

• SPXS $24.30 · up 1.21% on the day · negative gamma overall (moves tend to extend)
• Levels: ★ Volt, the biggest level 24 (below price · 0.30 / 1.23% away); ↯ Surge, live flow 24.5 (above price · 0.20 / 0.82% away); ‖ call wall — ceiling, sticky 24.5 (above price · 0.20 / 0.82% away); ‖ put wall — floor, slippery 24 (below price · 0.30 / 1.23% away); ↘ Reversal 24.5 (above price · 0.20 / 0.82% away)
• Expected move today ±0.54 · pre-open reference
• Strikes nearest the money (high to low): 25.5 positive, 25 negative, 24.5 positive, 24 negative, 23.5 positive, 23 negative
• Event pricing: the options market prices an unusually large move into 2026-12-04 (±$4.28 by that date, about 2.8x 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 70.6%