0DTE — bpleone / trade

0DTE Volume

2.84M

~48% of SPY total

Net Gamma (0DTE)

+$2.4B

/ 1% move

Max Pain

$560

spot $562.18

Gamma Flip Level

$558

spot above flip

🎯 0DTE Strike Map — Calls/Puts OI & Gamma

spot $562.18 · expiry today 16:00 ET

Call wall at $565 acts as a magnet/resistance — dealers are short gamma above and hedge by selling, dampening upside. Put wall at $555 provides downside support. Expect price to gravitate toward $560 max pain into the close if no catalyst.

📡 Largest 0DTE Prints (Today)

Time	Side	Strike	Size	Price	Premium	Tag
14:32	CALL	$565	12,400	$0.42	$520k	SWEEP
14:18	PUT	$558	8,200	$0.84	$688k	SWEEP
14:02	CALL	$563	18,400	$0.62	$1.14M	BLOCK
13:48	PUT	$560	22,000	$0.48	$1.06M	SWEEP
13:32	CALL	$565	14,200	$0.38	$540k	SWEEP
13:14	CALL	$570	32,000	$0.12	$384k	BLOCK
12:58	PUT	$555	18,200	$0.18	$328k	SWEEP
12:32	CALL	$564	24,000	$0.32	$768k	BLOCK
12:14	PUT	$558	16,400	$0.62	$1.02M	SWEEP
11:48	CALL	$562	28,000	$1.18	$3.30M	BLOCK

📍 Key 0DTE Levels

Spot	$562.18
Max Pain	$560.00
Call Wall	$565.00
Put Wall	$555.00
Gamma Flip	$558.00
Net Δ Imbalance	+$1.2B
Net Γ	+$2.4B
Vanna	-$182M
Charm (Δ-decay/hr)	-$48M
Implied Move EoD	±0.32%

Above gamma flip = dealers long gamma → suppresses range. Below = short gamma → amplifies range. We're long-gamma regime — fade extremes intraday.

🎯 0DTE Strategy Setups

🦋 Iron Condor — 560/555 × 565/570

Net credit: $0.42

Max profit: $42 / contract

Max loss: $458 / contract

POP: 76%

Breakevens: $554.58 / $565.42

Plays max pain. Best in long-gamma regime. Close at 50% profit or 21 minutes before close.

🎯 ATM Call — $562 strike

Premium: $1.18

Delta: 0.52

Gamma: 0.42 (massive!)

Theta: -$1.18/day (100% melt)

Break-even: $563.18

Pure gamma play. Need >$1.00 move up in < 6 hours. Lottery ticket. Size accordingly.

📐 Bull Call Spread — 562/565

Net debit: $0.76

Max profit: $224 / contract

Max loss: $76 / contract

R:R: 2.95 : 1

Break-even: $562.76

Defined-risk directional bet. Caps gamma exposure. Best risk-adjusted for the bullish thesis.