Gamma Flip Intelligence — Week of April 14, 2026

April 2026 • PonoTrading

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Executive Summary

This week opens with a mixed but slightly defensive gamma backdrop. Across the 20-symbol watchlist, 9 symbols are in Positive Gamma and 11 symbols are in Negative Gamma. That split matters because it suggests the broad market is not operating under one clean volatility regime — some products are sitting in dealer-stabilizing territory while others remain vulnerable to sharper, more emotional movement.

The most important takeaway is that the major index complex is not fully aligned. SPY, SPX, NDX, and RUT are all above their modeled gamma flip levels, which leans toward a more stable tape in the index layer, while QQQ, IWM, and DIA are at or below their flips, which introduces pockets of instability underneath the surface. In plain English: parts of the market can look calm while individual sectors and growth names still whip around harder than traders expect.

At the single-symbol level, the strongest positive gamma cushions show up in SPY, SPX, NVDA, META, AAPL, and AMZN, while the clearest negative gamma profiles are concentrated in XLF, TSLA, DIA, MSFT, GOOGL, IWM, and QQQ. We do not yet have a prior-day gamma history baseline for formal regime-shift scoring, so this report should be treated as the initial benchmark scan for ongoing daily comparisons.

Multi-Symbol Gamma Flip Table