IWM GEX — week of 26 Oct – 1 Nov 2026

Gamma flip, P1 and N1 from each daily snapshot (after the US close), all expirations

Above the flip
1 of 5sessions in positive gamma
Flip range
283.53 – 289.60
Spot, week
+0.9%276.74 → 279.26

IWM was above the gamma flip on 1 of 5 sessions and below it on 4. The flip ranged from 283.53 to 289.60. Spot went from 276.74 to 279.26 (+0.9%) by the next week's first snapshot. The median next-day move was 1.6% after positive-gamma days and 0.7% after negative-gamma days. The largest next-day move, -1.6%, followed the 29 Oct snapshot (positive gamma).

275.71 279.44 283.17 286.90 290.63 Mon 26 Tue 27 Wed 28 Thu 29 Fri 30
Spot Gamma flip · dots: positive / negative gamma

Daily snapshots

SnapshotSpotGamma flipSpot vs flipP1N1RegimeNext day
26 Oct 16:12 ET 276.74 284.34 -2.8% 284.00 270.00 Negative +1.2%
27 Oct 16:05 ET 280.14 284.67 -1.6% 284.00 270.00 Negative +0.5%
28 Oct 16:10 ET 281.60 283.53 -0.7% 284.00 270.00 Negative +0.9%
29 Oct 16:03 ET 284.25 283.73 +0.2% 284.00 270.00 Positive -1.6%
30 Oct 16:15 ET 279.70 289.60 -3.5% 300.00 270.00 Negative -0.2%

"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.

IWM gamma exposure today

Today's flip, P1, N1 and max pain are on the IWM 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.