Options Flow · Past session

Hedging Flow

NVDA · Tue, Nov 3, 2026. Estimated dealer hedging pressure from that session’s option trades, on price’s timeline. Positive means the hedge buys stock.

Gamma WeatherMixedLong-running 255m

Mixed. Hedging pressure is mixed, gamma near price is building and leaning capping, and the flip cushion is widening.

AgreeHeads-upFragileStand down

Flip cushion: 8.1 pts above, SECURE | 5m: widening 2.3 pts | 15m: widening 3.1 pts, drifting

  • Stable bid
  • Supported dip
  • Fragile rally
  • Unstable
  • Mixed

Pressure now

Loading the session trail…

Lean

Loading the session trail…

Stability

Loading the session trail…

Gamma trend

Loading the session trail…

Flip cushion

Loading the session trail…

Gamma Weather was designed in collaboration with Plus3 Forecasting.

Session pressure

$263.5M
Estimated hedge buying

Call-driven

$288.7M
Pressure from call activity

Put-driven

-$25.2M
Pressure from put activity

Last flip

To selling
16:10
▼ Flipped to selling pressure at 16:10

Estimated hedging pressure. Inferred from aggressor-classified option trades under the assumption that the passive side of each print was a market maker; that assumption is unvalidated. Not observed dealer flow.

Dealer gamma structure

Capping

Structure is stabilizing but building above, so rallies are being sold into.