Dealer gamma · TCOM
Computed 2026-10-14 after the close from TCOM's listed option chain. Nothing here is predicted: these are the strikes where dealer hedging concentrates, recomputed every trading night.
Computed 2026-10-14 23:12 · refreshed nightly
| Night | Spot | Flip | Call wall | Put wall | Net gamma |
|---|---|---|---|---|---|
| 2026-10-14 | 38.75 | 95 | 50 | 35 | +$0.00bn |
| 2026-10-13 | 38.75 | — | 50 | 40 | -$0.00bn |
| 2026-10-12 | 38.76 | — | 50 | 40 | -$0.00bn |
| 2026-10-11 | 38.9 | — | 50 | 40 | -$0.00bn |
| 2026-10-10 | 38.9 | — | 50 | 40 | -$0.00bn |
| 2026-10-08 | 38.09 | — | 50 | 40 | -$0.00bn |
| 2026-10-07 | 38.26 | 22.5 | 50 | 40 | -$0.00bn |
| 2026-10-05 | 38.79 | 22.5 | 50 | 40 | -$0.00bn |
| 2026-10-04 |
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.
| 38.09 |
| 22.5 |
| 50 |
| 40 |
| -$0.00bn |
| 2026-10-03 | 38.09 | 22.5 | 50 | 40 | -$0.00bn |
