ARM Gamma Exposure

Per-strike dealer gamma positioning for ARM. Identifies call wall, put wall, and the gamma flip level where dealer hedging behavior changes.

Net GEX
+$391K
Regime
positive gamma
Price
$382.67

GEX by Strike

ARM Gamma Exposure - Live Analysis

ARM is currently trading at $382.67 in a positive gamma regime. Net gamma exposure (GEX) stands at +$391K, with the gamma flip level at $210.03.ARM is currently trading above the gamma flip, meaning dealer hedging pressure is supportive - dealers buy dips and sell rallies, dampening intraday volatility.

In the current positive gamma regime, options market makers are net long gamma on ARM. When ARM falls, dealers must buy shares to maintain their hedge - creating natural buying pressure that supports the price. When ARM rises, dealers sell - capping the rally. This mechanical hedging behavior creates a mean-reverting, range-bound environment where price tends to oscillate between key gamma levels rather than trending directionally.

Key ARM levels from dealer gamma positioning: The call wall at $385 is the strike with the highest concentration of call gamma - dealers sell here on rallies, creating upside resistance. The put wall at $220 has the highest put gamma - dealers buy here on dips, creating downside support. The dealer-defined trading range is $220 – $385. In a positive gamma environment, expect ARM to gravitate within this zone.

Volatility context: ARM ATM implied volatility is 106.8%.

FlashAlpha computes ARM gamma exposure from live options data across all expirations for 6,000+ US equities and ETFs. The GEX chart above shows per-strike gamma with call GEX (green), put GEX (red), and net GEX (blue line). Sign up free to unlock all key levels, or use the GEX API to pull ARM gamma exposure data programmatically.

Frequently Asked Questions - ARM Gamma Exposure

What is ARM's gamma exposure today?

ARM currently has net gamma exposure (GEX) of +$391K in a positive gamma regime. Gamma exposure (GEX) measures the total gamma held by options market makers at each strike price. It reveals where dealer hedging flows are concentrated and how they create intraday support and resistance levels.

Is ARM in positive or negative gamma?

ARM is currently in a positive gamma regime. In positive gamma, dealers buy dips and sell rallies - dampening volatility. In negative gamma, dealers amplify moves in both directions - creating trending, volatile conditions. The gamma flip level marks the transition point between these two regimes.

Where is ARM's gamma flip level?

The ARM gamma flip is currently at $210.03. The gamma flip is the price level where aggregate dealer gamma transitions from positive (supportive) to negative (destabilizing). Above the flip, dealers suppress volatility. Below it, they amplify moves. Many traders use the gamma flip as a key intraday pivot level.

What are ARM's key support and resistance levels from options?

The ARM call wall (resistance) is at $385 and the put wall (support) is at $220. The call wall is the strike with the highest call gamma - dealers sell here, creating resistance. The put wall has the highest put gamma - dealers buy here, creating support. In positive gamma regimes, price tends to oscillate between these two levels.

What is Gamma Exposure?

Gamma Exposure (GEX) quantifies the total gamma held by options market makers at each strike price. It reveals where dealer hedging flows are concentrated and how they affect price action.

Positive GEX (long gamma): Dealers buy dips and sell rips, dampening volatility. Price tends to pin near high-gamma strikes.

Negative GEX (short gamma): Dealers sell into drops and buy into rips, amplifying moves. Expect increased volatility and trend-following behavior.

Key Levels

  • Call Wall: The strike with the highest call gamma. Acts as a resistance magnet in positive gamma regimes.
  • Put Wall: The strike with the highest put gamma (absolute). Acts as a support magnet.
  • Gamma Flip: The price level where net gamma shifts from positive to negative. A critical regime boundary.
  • Max Pain: The strike where option holders experience maximum loss. Price gravitates here near expiration.