Gamma Flip, Call Wall, and Put Wall are options-derived reference levels shown in TensorAlgo's market-context tools.
They describe different parts of the options positioning landscape and should be interpreted as context rather than guaranteed support, resistance, or direction.
Gamma Flip
Gamma Flip is the estimated level where the signed Gamma profile changes from one side of zero to the other.
The market can behave differently above and below this level, but the interpretation depends on:
- the selected expiry;
- current positioning;
- market liquidity;
- time of day;
- changing option prices and open interest.
A Gamma Flip can move as the underlying data changes.
Call Wall
Call Wall is a concentrated call-side reference level.
It can identify an area with comparatively high call-side Gamma or open-interest importance. It does not guarantee that price will reject or stop there.
Put Wall
Put Wall is a concentrated put-side reference level.
It can identify an area with comparatively high put-side Gamma or open-interest importance. It does not guarantee that price will hold above it or reverse from it.
Nearest levels
TensorAlgo can show how far the current price is from important levels above and below the market.
Distance can help users understand whether a level is immediately relevant to the current setup or still far from price.
Use with a Playbook
A supported Playbook can use GEX-related context as part of a broader rule set.
For example, a Playbook can require a relationship to a mapped level or a specific market-context condition. The complete setup should still include clear entry, invalidation, and trade-management rules.
Important limitation
Options positioning can change throughout the session. Confirm the selected expiry reflects the current market before relying on the displayed levels.