هذه الأداة للتحليل والتعليم فقط. لا تُقدّم توصيات دخول أو خروج من الصفقات.This tool is for analytics and education only. No trade entry or exit recommendations.
SPX gamma exposure by strike
Dealer gamma exposure (GEX) measures how much hedging pressure sits at each SPX strike. Positive net gamma tends to dampen movement as dealers hedge against the trend; negative gamma tends to amplify it. The table lists live call, put and net GEX for the strikes nearest spot.
- SPX reference
- 7,760.32
- Data date
- —
No live reading right now. The figures return automatically once market data resumes — no estimated values are shown here.
Definitions
- GEX
- Gamma exposure — the notional hedging flow implied by dealer gamma at a strike.
- Call wall
- The strike carrying the largest positive call gamma, often a session resistance reference.
- Put wall
- The strike carrying the largest negative put gamma, often a session support reference.
Frequently asked
What does negative gamma mean for SPX?
It means dealer hedging runs with the move: selling into weakness and buying into strength, which usually widens realised range compared with a positive-gamma session.
Where is the SPX gamma flip?
The flip is the strike where cumulative net gamma changes sign. It moves through the session as positioning shifts; the desk tracks it live alongside the walls.
Are gamma levels the same as support and resistance?
No. They are hedging concentrations that often coincide with reaction levels, but they carry no obligation for price to stop there.
Next step
Open the live deskDesk plans and pricing · Viewer, Trader and Trader Pro in Saudi riyal, each with a free trial before the first charge.
Related content
Selected automatically by how closely each page overlaps this one.
- GuideHow to read gamma exposure on SPXGamma exposure measures how much dealers must hedge as the index moves. In positive gamma dealers hedge against the move and range compresses; in…
- DefinitionGamma exposure (GEX)How much dealers must hedge as price moves.
- DefinitionPut wallThe strike with the heaviest put gamma below spot.
- DefinitionGamma flipThe price where net dealer gamma changes sign.
- Live metricSPX open interest by strikeThis is where SPX index option positioning sits right now: open interest for calls and puts at the strikes nearest spot, with the put/call ratio at…
- Live metricSPX max pain todaySPX max pain is the strike where the total value of expiring SPX options would be smallest for holders. The table below lists the live max pain strike…
More SPX metrics
Analytics and education only · Not investment advice.