A gamma squeeze scanner framed as context, not a call.

The mechanism, stated plainly

A gamma squeeze is a hedging feedback loop. When traders buy call options, the market makers on the other side are short those calls and typically hedge by buying shares of the underlying. How many shares depends on delta.

Gamma is the rate at which delta changes as the underlying moves. As price rises toward and through the strikes where those calls sit, delta increases, and the hedge requires buying more stock. That buying can push price higher, which raises delta again, which requires more buying.

The loop needs specific conditions: meaningful call open interest clustered near current price, enough gamma for delta to move quickly, and an underlying whose ordinary trading volume is small enough that hedging flow actually moves it. A mega-cap absorbs hedging demand that would visibly move a small-cap.

What is observable and what is not

The honest constraint on every gamma-squeeze tool, including this one, is that dealer positioning is not public. The chain shows open interest at each strike. It does not show who holds which side.

Standard gamma-exposure models assume calls are dealer-short and puts are dealer-long. That assumption is reasonable on average and wrong in individual cases, sometimes badly. When it is wrong, the model points the opposite way to reality.

So a gamma-squeeze screen identifies chains whose structure is consistent with squeeze conditions. It cannot confirm that dealers are positioned as the model assumes, and it cannot tell you a squeeze will occur. Anyone presenting gamma-exposure output as a measured fact about dealer books is overstating what the public chain contains.

Conditions worth reviewing

ConvexRadar reports gamma per premium alongside call pressure so the structural picture arrives with the cost of expressing it.

• Call open interest concentrated at strikes just above current price rather than scattered across the chain.
• High gamma per premium — structural sensitivity relative to what the position costs.
• Short-dated expirations, where gamma is largest and hedging adjustments most abrupt.
• A float and average volume small enough that hedging flow is material against normal turnover.
• Rising call volume against existing open interest, suggesting the concentration is being added to.

Why most candidates never squeeze

Chains that satisfy every structural condition resolve uneventfully most of the time. The underlying drifts sideways, the calls decay, dealers unwind hedges gradually, and nothing happens. The setup is necessary and nowhere near sufficient.

Squeezes also require a catalyst to start the move toward the strikes. Structure describes what could happen if price gets there. It says nothing about whether it will.

The correct use of this screen is as a filter for further review, not a list of expected moves. ConvexRadar reports conditions and their limitations, and treats the outcome as unknown — because it is.