Today's Market Levels

The lines that matter — dealer-positioning levels on the major indices, and where the most-owned stocks sit versus their prior close.
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Index levels — where price reacts

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Most-owned stocks — vs. prior close

StockLastChangevs. prior close
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How to read these levels

For each index we show three levels derived from public options data. The call wall is the big strike above price where dealer hedging tends to slow rallies — think resistance. The put wall is the big strike below price that often acts as support. The gamma flip is the pivot between them: above it, dealer hedging dampens moves (calmer); below it, hedging amplifies moves (faster, trendier). The expected move is the ±1 standard-deviation range the options market is pricing for today — price stays inside it roughly two-thirds of the time.

For individual stocks, the honest daily level is the prior close. Trading above it means buyers are in control on the day; below it, sellers. We don't publish per-stock dealer walls because that data isn't dependable enough to show — so we show what is. For full index dealer positioning, see the live GEX dashboard →