Hedging Flow
QQQ · Wed, Nov 11, 2026. Estimated dealer hedging pressure from that session’s option trades, on price’s timeline. Positive means the hedge buys stock.
Unstable. Hedging pressure is mixed, gamma near price is building and leaning supportive, and the flip cushion is widening. Mixed is forming, not yet confirmed.
Flip cushion: 15 pts below, SECURE | 5m: widening 0.3 pts | 15m: widening 0.7 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
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
FirmingStructure is stabilizing and supportive, so dips are being absorbed.