The rate of change of delta in options pricing; though not a core MP/OF concept, it impacts short-term volatility and institutional hedging.
While not strictly a Market Profile concept, gamma has significant influence on intraday market behavior through dealer hedging flows. High gamma environments can amplify volatility as options dealers hedge positions, creating self-reinforcing price movements. Understanding key gamma levels provides context for potential support/resistance and volatility expansion/contraction zones.
