Sep. 5 at 12:49 PM
$NFLX in sept the gex is structured as so centered near
$78.29, where dealer hedging dampens moves and favors mean reversion rather than breakouts. The
$80 strike hosts massive bilateral gamma (call and put walls nearly equal at ~155k and ~173k), creating a magnetic pin point that will resist directional acceleration in either direction. Below
$77.50 gamma turns negative, so a break lower could accelerate downside toward the
$75 put concentration; above
$82.50 call gamma strengthens, offering resistance to rallies. Watch for mean-reversion trades around
$78–
$80 and monitor whether volume can overcome the
$80 pin to establish a directional bias
