Public delayed snapshot · educational
Current SMH gamma flip (delayed)
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Symbol: SMH · IWM · SLV · SPY · TLT · All free tools →
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Updated 2026-09-09T02:48:32-04:00
SMH sits 3.89% above its 551.42 gamma flip, last 573.73. That puts it in the range-dampening half of the map, where dealer hedging generally leans against price.
The call wall sits at 582.50 (+1.53%) and the put wall at 565.00 (-1.52%), framing a 3.05%-wide band of concentrated open interest.
These are delayed, educational levels for SMH — a picture of where options open interest is stacked, not a trade signal and not a forecast.
Read: how walls work · what the gamma flip means · all delayed levels
The gamma flip is the strike where net dealer gamma changes sign. Above it, hedging more often fades moves (pin / range). Below it, hedging more often amplifies them (trend / air pockets). This is a delayed public print — not a live quote and not a trade.
Not investment advice. Delayed public data only.