• The key gamma strike has the largest magnitude of combined gamma.
• This is often a sticking point and a target for the price, especially when the market is in overall positive gamma (with a positive SG Gamma Index™).

<SpotGamma Equity Hub Composite View for TSLA>

Intermediate: Strategy

The Key Gamma Strike is a highly-tactical level which can have the strongest influence over the price because of its proximity to the price. It is more tactical in the sense that it is immediately more likely to interact with the price as support/resistance than the Call Wall.  

For longer-term trading on a wider range, or if volatility on the stock is high (it is trading in a wider range than normal), then the Put Wall and Call Wall become the most important levels. But in a normal trading environment, the Key Gamma Strike can be the most important level, especially if near the middle of the Put Wall and Call Wall.