VXX gamma levels.

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

• VXX $18.28 · up 5.00% on the day · positive gamma overall (moves grind and levels hold)
• Levels: ★ Volt, the biggest level 15 (below price · 3.28 / 17.94% away); ↯ Surge, live flow 18 (below price · 0.28 / 1.53% away); ‖ call wall — ceiling, sticky 20 (above price · 1.72 / 9.41% away); ‖ put wall — floor, slippery 15 (below price · 3.28 / 17.94% away); ⚡ gamma flip 16.95 (below price · 1.33 / 7.28% away); ↘ Reversal 20 (above price · 1.72 / 9.41% away)
• Expected move today ±0.67 · pre-open reference
• Strikes nearest the money (high to low): 19.5 positive, 19 positive, 18.5 positive, 18 positive, 17.5 negative, 17 negative
• Since yesterday's close, positioning grew at 15, 16, 17 and faded at 19, 19.5, 20.
• Event pricing: the options market prices an unusually large move into 2026-12-11 (±$6.50 by that date, about 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 125.6%