# Gamma Flip

The gamma flip, walls, vol trigger and max pain for each upcoming expiry, against the current price.

The **Gamma Flip** widget plots the flip for every upcoming expiry as a line,
with each expiry's call wall, put wall, gamma wall and max pain as dots. It
answers a question the single day-trade flip cannot: does the positioning
behind today's regime continue into the next expiries, or is it only today?

## What it shows

| Element | What it is |
|---|---|
| **Flip** (yellow line) | Where gamma changes sign, per expiry |
| **Vol Trigger** (purple line) | The HVL per expiry |
| **Call Wall / Put Wall** (dots) | Each expiry's strongest call and put strike |
| **Gamma Wall** (orange dots) | Each expiry's largest gamma strike |
| **Max Pain** (dots) | Where each expiry's options pay out the least |
| **Spot** (dashed) | The current price |

Pick how far out to look with **dte** in Details (7 to 90 days, or all).

## Practical application

![Gamma Flip widget, illustrative example: price above the flip for every expiry](https://q-bitf.com/docs-img/gamma-flip-term.png "Illustrative example data, not a real session. NQ at 27,075 sits above the flip of every expiry, from 26,850 for the nearest to about 26,975 three weeks out.")

**Reading it.** In this example the nearest expiry's flip is 26,850 and the
flips rise slowly to about 26,975 three weeks out. Spot, at 27,075, is above
every one of them. The put walls step lower with each expiry and the call
walls step higher.

**What it means.** Positive gamma is not just a feature of today's options: the
whole curve agrees. That makes range behavior more durable, and a single bad
headline less likely to flip the regime.

**How to use it.**

- **All flips below price:** positive gamma across the curve. Favor ranges and
  fades.
- **Flips above price for the next expiries:** today's regime may not last;
  be quicker to respect breakouts.
- **Max pain dots clustered near spot** (about 27,000 here) add a pull toward
  that area into each expiry.

This widget is not available in Replay: only the day-trade flip is stored over
time, not every expiry's.