# SPY Gamma Levels Today: Call Wall 765, Put Wall 755 (Oct 23)

- Source: SquawkFlow (https://squawkflow.com/spy-gamma-levels)
- As of: Oct 23, 16:14 ET

As of Oct 23, 16:14 ET, SPY dealer gamma levels: call wall $765, put wall $755, Flip Line (zero gamma) $764, Swing Line $764, net gamma -$5.03B (negative gamma regime).

## Key Levels

| Metric | Value |
| :--- | :--- |
| Spot Price | $761.11 |
| Call Wall | $765 |
| Put Wall | $755 |
| Flip Line (Zero Gamma) | $764 |
| Swing Line | $764 |
| Net Gamma | -$5.03B |

## Methodology Note

The gamma sign describes modeled net exposure under the assumed dealer positioning, not a forecast of volatility or direction.

## Frequently Asked Questions

### What is the SPY call wall today?

The SPY call wall is the strike at or above spot with the most call gamma in our model, currently at $765. It is computed from settled open interest under an assumed dealer positioning; it describes modeled exposure, not where price goes.

### What is the SPY put wall today?

The SPY put wall is the strike at or below spot with the most put gamma in our model, currently at $755. It is computed from settled open interest under an assumed dealer positioning; it describes modeled exposure, not where price goes.

### What is the SPY Flip Line (zero gamma) today?

The SPY Flip Line is the estimated price level where net dealer gamma exposure crosses zero, currently at $764. Above the Flip Line our model puts dealers in net positive gamma; below it, in net negative gamma. The sign describes modeled exposure, not a forecast of volatility or direction.

### What is the SPY Swing Line today?

The SPY Swing Line is the lowest positive gamma strike between the put wall and the call wall, currently at $764. It marks where our modeled gamma regime changes; it is a modeled boundary, not a forecast.

## Related

- [QQQ Gamma Levels Today](https://squawkflow.com/qqq-gamma-levels)