XLP gamma levels.

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

• XLP $85.45 · up 0.43% on the day · negative gamma overall (slippery: moves tend to extend)
• Levels: ★ Volt — biggest level 78 (below price · 7.45 / 8.72% away); ↯ Surge — live flow 85 (below price · 0.45 / 0.53% away); ‖ call wall — ceiling, sticky 88 (above price · 2.55 / 2.98% away); ‖ put wall — floor, slippery 78 (below price · 7.45 / 8.72% away); ⚡ gamma flip 89.95 (above price · 4.50 / 5.27% away); ↘ Reversal 88 (above price · 2.55 / 2.98% away)
• Expected move today ±2.37
• Strikes nearest the money (high to low): 86.5 sticky, 86 sticky, 85.5 slippery, 85 slippery, 84.5 slippery, 84 slippery
• Since yesterday's close, positioning faded at 84, 84.5, 85.
• Event pricing: the options market prices an unusually large move into 2026-09-25 (±$4.41 by that date, about 2.1x 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 11.8%