Dealer gamma · COIN
Computed 2026-10-12 after the close from COIN's listed option chain. Nothing here is predicted: these are the strikes where dealer hedging concentrates, recomputed every trading night.
Computed 2026-10-12 21:54 · refreshed nightly
| Night | Spot | Flip | Call wall | Put wall | Net gamma |
|---|---|---|---|---|---|
| 2026-10-12 | 179.39 | 187.5 | 185 | 165 | +$0.04bn |
| 2026-10-11 | 179.39 | 195 | 187.5 | 160 | +$0.03bn |
| 2026-10-10 | 179.39 | 195 | 187.5 | 160 | +$0.03bn |
| 2026-10-08 | 178.45 | — | 200 | 170 | -$0.01bn |
| 2026-10-07 | 185.74 | 220 | 187.5 | 180 | +$0.01bn |
| 2026-10-06 | 188.22 | 195 | 195 | 180 | +$0.06bn |
| 2026-10-05 | 183 | 195 | 195 | 180 | +$0.05bn |
| 2026-10-04 | 183 | 210 | 200 | 125 | +$0.02bn |
| 2026-10-03 |
What a wall is: the strike where dealers' hedging exposure concentrates. Price approaching a large call wall tends to meet hedging flow that leans against the move; losing a put wall can accelerate one. A wall is a level that usually matters — not a promise. Our index levels are graded publicly against every session for exactly that reason.
Where this data goes: this same nightly computation feeds the Intel Clearance morning wire — filings, 13F moves, dark-pool share and these walls on the names you follow, read for you by 07:40. And inside the terminal, the index books recompute through the session as 0DTE flow rebuilds the surface.
| 183 |
| 210 |
| 200 |
| 125 |
| +$0.02bn |
| 2026-10-02 | 189.29 | 20 | 200 | 182.5 | -$0.01bn |
