NVDA Gamma Levels Today
Track today's NVDA gamma levels - the NVDA gamma flip (zero gamma level), call wall, put wall, max pain, and net dealer gamma exposure (net GEX). These free levels are delayed roughly 15 minutes and help NVIDIA (NVDA) options traders see the key dealer-positioning zones where price may pin, reject, or accelerate before it gets there. NVDA is NVIDIA's stock, and these levels are computed from its own options chain, the same way as for SPY and QQQ.
NVDA net GEX +$58.3M · gamma flip 198.01 · delayed, as of Nov 4, 2026, 6:15 PM EST
NVDA 199.81. Dealers Long Gamma.
Dealers are carrying a thin +$58.3M of long gamma, positioning that leans against direction and damps intraday swings. At a solid 2 pts over the 198.01 flip, the positive-gamma regime has room to breathe. Resistance maps to the 210.00 call wall and support to the 200.00 put wall - a 10-pt band, and the put wall (200.00) is closest. Dealer hedging works against momentum here, leaning on pushes in either direction, and the tape leans mean-reverting.
NVDA
Positive gamma (suppressed vol)Dealers are net long gamma at spot - mean-reversion is favored, pinning is more likely, and hedging leans against breakouts.
SPX
Positive gamma (suppressed vol)Dealers are net long gamma at spot - mean-reversion is favored, pinning is more likely, and hedging leans against breakouts.
SPY
At the gamma flipSpot is sitting on the gamma flip - the sign of dealer hedging is unstable here, and a small move tips the tape into the next regime.
QQQ
Negative gamma (amplified vol)Dealers are net short gamma at spot - moves can accelerate, and if a wall gives way, hedging adds to the break.
NDX
Negative gamma (amplified vol)Dealers are net short gamma at spot - moves can accelerate, and if a wall gives way, hedging adds to the break.
ES
At the gamma flipSpot is sitting on the gamma flip - the sign of dealer hedging is unstable here, and a small move tips the tape into the next regime.
NQ
Negative gamma (amplified vol)Dealers are net short gamma at spot - moves can accelerate, and if a wall gives way, hedging adds to the break.
Comparing instruments? See all six on one page: GEX levels today.
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These are the delayed free preview levels. Inside ZeroGEX, NVDA levels update in real time with the full GEX profile, strike-level heatmaps, options-flow classification and dealer positioning - so you know the levels that matter before price gets there.
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What you get with the live dashboard
The free levels above are the map. The live dashboard is the real-time terrain - the same levels that can shape intraday price action, updating as the session moves, with the tools to see where price may pin, reject, accelerate, or chop.
- Real-time NVDA gamma levelsLive data, recomputed about once a minute, not a 15-minute-delayed snapshot
- Gamma FlipThe regime line, live as spot moves across it
- Call Wall & Put WallWhere price may pin, reject, or accelerate
- Max PainThe expiration magnet, tracked intraday
- Net GEX / Dealer PositioningWhether hedging is dampening or amplifying moves
- Strike-level GEX profileThe full dealer-gamma curve, strike by strike
- GEX heatmapsStrike-by-DTE gamma, visualized
- Options flow classificationLive tape sorted into directional pressure
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NVDA: spot 199.81 | Call Wall 210 | Put Wall 200 | Gamma Flip 198.01 | Net GEX +$58.3M SPX: spot 7689 | Call Wall 8000 | Put Wall 7650 | Gamma Flip 7669 | Net GEX +$8.45B (delayed) SPY: spot 766.76 | Call Wall 770 | Put Wall 760 | Gamma Flip 766.42 | Net GEX +$377M QQQ: spot 689.03 | Call Wall 700 | Put Wall 680 | Gamma Flip 719.49 | Net GEX -$2.14B NDX: spot 28437 | Call Wall 29675 | Put Wall 27500 | Gamma Flip 28901 | Net GEX -$689.9M (delayed) ES: spot 7707 | Call Wall 8032 | Put Wall 7680 | Gamma Flip 7700 | Net GEX +$8.45B (delayed) NQ: spot 28239 | Call Wall 29811 | Put Wall 27626 | Gamma Flip 29033 | Net GEX -$689.9M (delayed) Free delayed levels: https://zerogex.io/nvda-gamma-levels
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NVDA net GEX today: current value and levels
As of Nov 4, 2026, 6:15 PM EST, NVDA net gamma exposure at spot is +$58.3M - a positive-gamma regime. Dealers are modeled net long gamma above the flip, which tends to suppress volatility - tighter ranges, more pinning, and hedging that leans against rallies into the call wall. The zero-cross - the gamma flip, or zero-gamma level - sits at 198.01, with NVDA spot at 199.81. The call wall is at 210.00, the put wall is at 200.00, and max pain is at 205.00. This free reading is delayed roughly 15 minutes; for the live, session-long value, open the ZeroGEX dashboard.
| Level | Value | What it marks |
|---|---|---|
| Reference spot (delayed) | 199.81 | Snapshot price the levels below were computed against |
| Net dealer GEX at spot | +$58.3M | Positive: dealers modeled net long gamma - hedging tends to dampen moves |
| Gamma flip (zero gamma level) | 198.01 | Regime line - above it positive gamma, below it negative gamma |
| Call wall | 210.00 | Heaviest call-gamma strike at or above spot |
| Put wall | 200.00 | Heaviest put-gamma strike at or below spot |
| Max pain | 205.00 | Settlement price with the smallest total payout to option holders |
| Pin strike | 207.50 | Reachable 0DTE strike with the strongest modeled restoring dealer gamma into expiration |
How to read these levels
Call wall
The strike where call-side dealer gamma piles up. In a positive-gamma regime, dealers hedge by selling into rips here, which can stall a rally. How often it actually holds is a base rate: in our study of 737 wall tests, S&P walls held about two times in three within an hour and Nasdaq walls about half, on either side of the flip. A break above can be a tell that the regime itself is flipping.
Put wall
The strike where put-side dealer gamma piles up. In a positive-gamma session, aggregate hedging leans against a decline into it; in negative gamma, if it gives way, hedging adds to the move lower. How often it holds is the same base rate as the call wall's.
Gamma flip
The level where the cumulative dealer-gamma curve crosses zero. Above the flip, dealers are net long gamma (vol-suppressing). Below it, net short gamma (vol-amplifying). The single most useful regime line on the dealer book.
Max pain
The hypothetical settlement price with the smallest total payout to option holders. Useful as an expiration-day magnet, but the real mechanism most days is the gamma pin around max pain, not writer-payout arithmetic.
Net dealer GEX (at spot)
The cumulative dealer-gamma curve evaluated at the current price. Sign-consistent with the flip - positive means we're above it, negative means below. Magnitude says how deep into the regime we are.
One catch
These are derived analytics, intentionally delayed. They're great for context and for the daily X read, and the free Gamma Terminal plots them on a delayed chart; they're not enough on their own for active trading. Pair them with intraday flow and vanna/charm on the live dashboard.
Learn more
- What Is a Gamma Flip? The Gamma Flip Level Explained
- What Is Zero Gamma? The Zero Gamma Level Explained for Traders
- What Is a Call Wall? How Dealers Defend the Upside in Options
- What Is a Put Wall? Put Gamma Concentration Explained
- Gamma Walls Explained: What a Gamma Wall Is and How Price Reacts
- How Often Do Gamma Walls Actually Break? We Measured It
- What Is GEX in Trading? GEX Meaning, Explained Simply
- SPX Net GEX Today: Current SPX Net Gamma Exposure Value
- 0DTE Dealer Positioning Explained (Dealer Gamma 0DTE)
- How to Trade Around Gamma Flip Levels
- Best GEX Tools in 2026: Gamma Exposure Platforms Compared
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Frequently asked questions
What are gamma levels?
Gamma levels are price zones where options dealer positioning may influence support, resistance, pinning, or volatility. Common levels include the gamma flip, call wall, put wall, and max pain.
What is NVDA's net gamma exposure (net GEX) right now?
Today's NVDA net GEX - the net dealer gamma across the NVDA options chain, evaluated at spot and expressed as a signed dollar "gamma" figure - is shown at the top of this page and refreshed on a roughly 15-minute delay. A positive value means NVDA is trading above its gamma flip, where dealer hedging tends to suppress volatility; a negative value means it is below the flip, where hedging tends to amplify it. The price where net GEX crosses zero is the gamma flip, also called the zero-gamma level. Net GEX is a modeled estimate, not directly observed dealer inventory.
How are NVDA gamma levels different from SPY or QQQ levels?
They are computed the same way, from NVDA's own options chain under the same modeled dealer convention, and they read the same: the gamma flip as the regime line, the walls as the strikes where modeled dealer gamma is heaviest. Three things differ. NVDA is one company, so earnings and company news can carry it through levels that index flows would not. Its implied volatility usually runs well above the Nasdaq-100's, so the Expected Range band ZeroGEX draws for the ETFs and indexes is not drawn for NVDA. And the forecast and signal models are tuned on the ETFs and indexes, so they do not run on NVDA yet.
Does the gamma wall study cover NVDA?
No. ZeroGEX's study of 737 wall tests covered SPY, SPX, QQQ and NDX: S&P walls held about two times in three within an hour, and Nasdaq walls about half. Single stocks were not in it, so neither base rate is known to hold for NVDA. Treat an NVDA wall as an unmeasured level and watch how price behaves around it.
What is the gamma flip?
The gamma flip is the price level where dealer positioning may shift from positive gamma to negative gamma, or vice versa. Above or below this level, market behavior can change from more stable and mean-reverting to more volatile and directional.
Why is the NVDA gamma flip showing no value?
A blank gamma flip is a deliberate result, not missing data. ZeroGEX publishes the flip only when the modeled dealer-gamma profile has a zero crossing close enough to spot to be tradable and backed by real open interest. When NVDA is trading deep inside one gamma regime, or the options chain is thin or one-sided - extended hours, or an implied-volatility spike that collapses modeled gamma across the board - no crossing clears that bar, and no level is published rather than one that can't be stood behind. The call wall, put wall and max pain on this page are unaffected, the sign of net GEX still tells you which regime NVDA is in, and the flip normally resolves again on a later snapshot.
What is a call wall?
A call wall is a strike where call gamma exposure is concentrated. It can act as an upside magnet, resistance area, or pinning zone depending on broader positioning and price action.
What is a put wall?
A put wall is a strike where put gamma exposure is concentrated. It can act as a downside support area, hedge-pressure zone, or acceleration level if price breaks through it.
How often are ZeroGEX gamma levels updated?
This free page shows the levels on a roughly 15-minute delay and refreshes through the session. Inside the ZeroGEX dashboard the same levels are recomputed about once a minute through the regular session.
Are these NVDA 0DTE gamma levels?
The levels on this page are computed across the full NVDA options chain, every listed expiration together. On a day an NVDA expiration settles they include it, but they are never 0DTE-only. The ZeroGEX dashboard's expiration filter narrows the walls and the flip to a single expiration.
Snapshot timestamp (ET): Nov 4, 2026, 6:15 PM EST. Levels on this page are derived analytics rebuilt from a market-data snapshot that is intentionally held back ~15 minutes from the live ZeroGEX feed. Provided for informational purposes only - not investment advice. Options trading involves significant risk.