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ES gamma levels today: walls & gamma flip

SPX levels for ES traders, in SPX index points. ES trades at a basis to SPX (ES − SPX) that moves through the session, so add it before reading these on an ES chart. The MotiveWave extension measures that basis on your own ES chart; in the web desk you enter it or fill it from delayed quotes.

At 15:59 ET on 2026-10-30, SPX was at 7578.67, 41 points above zero gamma (7538), above the call wall at 7575. Net GEX was −54.19B per 1% move (negative gamma); both walls were on the same strike.

Last session · last update ET · SPX index points

Call wall

7575

The strike carrying the most call-side gamma, at or above zero gamma.

Put wall

7575

The strike carrying the most put-side gamma, at or below zero gamma.

Zero gamma / gamma flip

7538

The price at which modelled net dealer gamma changes sign.

Max pain

7780

The strike where total option payout at expiry is smallest.

Spot 7578.67 · net GEX −54.19B per 1% move · walls and zero gamma from the open-interest book, SPXW 0DTE

GammaTape desk replaying an SPX 0DTE session: a green call wall at 7450, a red put wall at 7350 and an amber zero gamma line near 7389 drawn over the price, with GEX by strike in the right-hand panel.
The desk in replay, SPX session of 2026-06-12: call wall, put wall and zero gamma on the chart, GEX by strike on the right.
See these move on the chart Or draw them inside MotiveWave

The four numbers above are the headline, free and without an account. The strike ladder and session replay are in the product: 30-day replay from $24/month on Starter; 90 days and the volume book on Pro at $49/month.

Questions

How do SPX option levels apply to ES?
ES is a future on the S&P 500, the same index SPX options are written on, so the options positioning is the same book. What differs is the price axis: ES trades at a basis to SPX (ES minus SPX) that reflects carry and dividends, is usually tens of points, and moves through the session.
Are the numbers on this page ES prices?
No. They are SPX index points. To place them on an ES chart, add the basis (ES minus SPX) at the moment you read them. A page refreshed every 15 minutes cannot know that basis, so it does not guess one.
How do I get them at ES prices?
The MotiveWave extension measures the basis on your own ES chart, session by session, and draws the levels at ES prices; it is part of the Max plan ($99/month). In the web desk you can switch the chart to ES points and enter the basis, or fill it from delayed futures and index quotes.
How often does this page update?
Every 15 minutes, from the same engine that recomputes the levels every 3 seconds for the dashboard. The line under the read says when the numbers were computed.

Market analytics, not investment advice. Levels describe options positioning; they are not a forecast. See the methodology for how each level is built, the glossary for what each term means, or the GEX calculator for the arithmetic behind one strike.