SPY gamma conditions -3 of ±5: the kind that came with larger moves in this record
negative gamma · size-adjusted GEX at percentile 4 of its year · price 3.6% below zero gamma · implied volatility +0.5 pts against 20-day realised · after this reading the next session's median move, up or down, was 0.68% here (N=177)
Companies/Indices · Options · U.S. options exchanges · 6 Nov 2026
Companies named: SPY