Owl Mastery
Create free account

ZBH gamma exposure levels

Zimmer Biomet Holdings · Levels for the close

107.32 -1.01 (-0.93%) Close · Nov 10, 2026

As of the Nov 10, 2026 close, Zimmer Biomet Holdings (ZBH) has put support (put wall) at $105.00, call resistance (call wall) and gamma wall at $100.00, and the HVL at $95.00, with an expected one-day range of $105.29 to $109.35.

ZBH levels for the Nov 10, 2026 close
LevelPriceFrom close
1-day range high109.35+1.89%
Close107.32
1-day range low105.29-1.89%
Put support (put wall)105.00-2.16%
Call resistance (call wall) and gamma wall100.00-6.82%
HVL95.00-11.48%

Owl Mastery computes these levels after each US close from that day's options open interest. How these levels are computed

ZBH closed above call resistance (call wall) and gamma wall at $100.00, which sits 6.82% below the close. Call resistance is where a rally may stall. ZBH closed above the HVL at $95.00, which sits 11.48% below the close. Above the HVL, net gamma exposure is positive on balance, which may mean smaller moves.

RSI (14) is 65.1, up from 35.9 at the start of its last 30 daily readings. It is Neutral, between 30 and 70. ZBH closed 12.6% above its 50-day average, the mean of its last 50 closes.

ZBH signals

SignalValueReading
RSI (14)65.1Neutral
vs 50D average+12.6%Above
Volatility (20D)53.6%
From 52W high-4.6%

The signals use daily closes up to Nov 10, 2026.

ZBH performance

PeriodSinceChange
1MOct 12, 2026+16.44%
3MAug 10, 2026+10.05%
6MMay 11, 2026+35.57%
YTDJan 2, 2026+20.18%
1YNov 10, 2025+22.25%
5YNov 10, 2021-13.69%

ZBH key stats

Open108.49
High108.78
Low107.30
Previous close108.33
Volume1.8M
Avg volume (20D)2.4M
52-week high112.55
52-week low78.70

What these levels mean

Call resistance (call wall) is the strike with the largest net gamma exposure. Put support (put wall) is the strike with the most negative net gamma exposure. Call resistance is also the gamma wall, the strike with the largest gamma times open interest, puts counted as negative, so the two names mark one strike.

The HVL is the strike where the running sum of net gamma exposure, added up from the lowest strike, is lowest. Above the HVL, net gamma exposure is positive on balance, which may mean smaller moves. Below it, net gamma exposure is negative on balance, which may mean larger moves. The 1-day range, the expected move, is the close plus or minus a one-day move at IV30, the implied volatility of the listed expiry closest to 30 trading days out.

How to read gamma levels

ZBH questions

Where is ZBH's call wall today?

As of the Nov 10, 2026 close, ZBH's call resistance (call wall) is at $100.00, 6.82% below the close. It is the strike with the largest net gamma exposure. It shares that strike with the gamma wall.

Call walls and put walls explained

Where is ZBH's put wall today?

As of the Nov 10, 2026 close, ZBH's put support (put wall) is at $105.00, 2.16% below the close. It is the strike with the most negative net gamma exposure.

Call walls and put walls explained

What is ZBH's HVL?

As of the Nov 10, 2026 close, ZBH's HVL (high volatility level) is $95.00, 11.48% below the close. It is the strike where the running sum of net gamma exposure, added up from the lowest strike, is lowest.

HVL, gamma flip and zero gamma compared

Is ZBH above or below its HVL?

ZBH closed above its HVL of $95.00 on Nov 10, 2026. Above the HVL, net gamma exposure is positive on balance, which may mean smaller moves. Below it, net gamma exposure is negative on balance, which may mean larger moves.

Positive and negative gamma explained

What is ZBH's expected one-day range?

As of the Nov 10, 2026 close, ZBH's expected one-day range is $105.29 to $109.35. It is the close plus or minus close × IV30 / √252, where IV30 is the implied volatility of the listed expiry closest to 30 trading days out.

The expected move explained

What is ZBH's RSI today?

As of the Nov 10, 2026 close, ZBH's RSI (14) is 65.1, which reads Neutral. RSI reads Overbought at 70 or more and Oversold at 30 or less.

RSI explained