Gamma Profile: …
How to Read Dealer Gamma
Net gamma measures how market makers must hedge as price moves.
Negative gamma: dealers hedge into moves (selling as price falls, buying as it rises), which amplifies volatility.
Positive gamma: dealers hedge against moves, which dampens volatility and pins price toward high-OI strikes.
Max pain is the strike where the most option value expires worthless. Computed from each ticker's live options chain at scan time: data-freshness provenance, not a predictive claim.
Net Gamma by Ticker