Hedging Flow
QQQ · Fri, Nov 6, 2026. Estimated dealer hedging pressure from that session’s option trades, on price’s timeline. Positive means the hedge buys stock.
Stable bid. Hedging pressure is buying, gamma near price is building and leaning capping, and the flip cushion is narrowing.
Flip cushion: 32 pts below, SECURE | 5m: narrowing 0.7 pts | 15m: narrowing 3.9 pts, accelerating
- Stable bid
- Supported dip
- Fragile rally
- Unstable
- Mixed
Pressure now
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Lean
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Stability
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Gamma trend
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Flip cushion
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Gamma Weather was designed in collaboration with Plus3 Forecasting.
Session pressure
Call-driven
Put-driven
Last flip
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
CappingStructure is stabilizing but building above, so rallies are being sold into.