Dealer gamma · MSTR
Computed 2026-10-12 after the close from MSTR's listed option chain. Nothing here is predicted: these are the strikes where dealer hedging concentrates, recomputed every trading night.
Computed 2026-10-12 21:55 · refreshed nightly
| Night | Spot | Flip | Call wall | Put wall | Net gamma |
|---|---|---|---|---|---|
| 2026-10-12 | 154.34 | 157.5 | 157.5 | 142 | +$0.12bn |
| 2026-10-11 | 154.34 | 157.5 | 155 | 142 | +$0.06bn |
| 2026-10-10 | 154.34 | 157.5 | 155 | 142 | +$0.06bn |
| 2026-10-08 | 153.37 | 177.5 | 160 | 150 | +$0.04bn |
| 2026-10-07 | 164.55 | 170 | 160 | 150 | +$0.06bn |
| 2026-10-06 | 164.43 | 162.5 | 165 | 152.5 | +$0.17bn |
| 2026-10-05 | 160.01 | 160 | 165 | 152.5 | +$0.15bn |
| 2026-10-04 | 160.01 | 170 | 200 | 130 | +$0.06bn |
| 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.
| 160.01 |
| 167.5 |
| 200 |
| 130 |
| +$0.06bn |
| 2026-10-02 | 160.5 | 160 | 160 | 157.5 | +$0.28bn |
