• The key gamma strike has the largest gamma.
• The meaning of this is derived from how the Equity Hub™ models dealers to be both short calls and short puts. This entails negative market gamma on both sides. By calculating the difference, we have the strongest gamma level, factoring out whether it is positive or negative. 

<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.