Basic Points

• Large gamma strikes contain a significant amount of Gamma. 
• The largest gamma strike appears on index products and is similar to the Key Gamma Strike, which can be found on stocks in the Equity Hub™. 
• There are often a few large gamma strikes listed on an index product, and they are ranked with “large gamma strike 1” being the strongest. 
• These are powerful support/resistance levels that can be used for setting up high-probability trades. 

Intermediate: Strategy

These are highly-tactical strikes which can be more important than the Put Wall or Call Wall if trading in the middle of a normal range and volatility (the size of the trading range) is not too high. For longer-term trading or high-volatility environments, the Put Wall and Call Wall take over as being more important levels of support and resistance. But under normal conditions, the tight proximity of the Large Gamma Strikes to the price can make them stronger magnets than distant walls.