Hyperliquid (HYPE) GEX — week of 21–27 Sep 2026

Gamma flip, P1 and N1 from each daily snapshot (08:00 UTC), all expirations

Above the flip
5 of 7days in positive gamma
Flip range
87.53 – 93.19
Spot, week
-5.6%94.20 → 88.95

HYPE was above the gamma flip on 5 of 7 days and below it on 2. The flip ranged from 87.53 to 93.19. Spot went from 94.20 to 88.95 (-5.6%) by the next week's first snapshot. The median next-day move was 2.1% after positive-gamma days and 1.1% after negative-gamma days. The largest next-day move, -4.5%, followed the 27 Sep snapshot (positive gamma).

86.81 89.43 92.05 94.67 97.29 Mon 21 Tue 22 Wed 23 Thu 24 Fri 25 Sat 26 Sun 27
Spot Gamma flip · dots: positive / negative gamma

Daily snapshots

SnapshotSpotGamma flipSpot vs flipP1N1RegimeNext day
21 Sep 07:57 UTC 94.20 87.53 +7.1% 100.00 76.00 Positive +0.4%
22 Sep 07:56 UTC 94.54 91.00 +3.7% 100.00 92.00 Positive +2.1%
23 Sep 07:57 UTC 96.56 92.35 +4.4% 100.00 93.00 Positive -3.2%
24 Sep 08:09 UTC 93.48 90.78 +2.9% 100.00 92.00 Positive -0.7%
25 Sep 07:56 UTC 92.86 93.09 -0.2% 100.00 91.00 Negative -1.0%
26 Sep 07:58 UTC 91.96 93.19 -1.3% 100.00 92.00 Negative +1.3%
27 Sep 07:55 UTC 93.15 92.08 +1.1% 100.00 91.00 Positive -4.5%

"Spot vs flip": how far spot sat above (+) or below (−) the flip. "Next day": spot change to the next daily snapshot. P1 / N1: the strikes with the largest positive and negative gamma. How the levels are computed: methodology.

HYPE gamma exposure today

Today's flip, P1, N1 and max pain are on the HYPE GEX page. In the app the levels update every 15 minutes, and the Time Machine replays any past moment.

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Levels as published on each day from that day's options open interest; venue coverage has grown over time. Educational information, not investment advice.