SpotGamma™

S&P 500 Stock Market Gamma Trading Levels Based on Options Open Interest

Nomuras Combined Gamma May Be Off

Here are the Nomura gamma charts via ZH. Not their flip point at 3263, id argue this is too high. Nomura combines SPY and SPX and I believe they can have very different profiles. Compare the Nomura gamma chart with our separate SPY and SPX charts.

nomura gamma chart 1/26/2020
Nomura SPX SPY gamma chart 1/26/20

The zero gamma level on our charts is where the curved blue line crosses 0. Note for SPX thats about 3240 and SPY it was 328.

SPY options gamma levels 1/26/20
SPY Options Gamma 1/26/20
SPX Options Gamma 1/27/20
SPX Options gamma 1/26/20

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