CLDX Gamma Exposure

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

Delayed
Net GEX
+$23K
per 1% move
Price
$30.49

GEX by Strike

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CLDX Gamma Exposure - Live Analysis

This page shows real-time gamma exposure (GEX) data for CLDX. Live data loads when the page opens and can be refreshed on demand during market hours.

Key CLDX levels from dealer gamma positioning: The call wall at $35 is the strike with the largest call GEX (call side only) - dealer hedging there tends to slow rallies. The put wall at $25 is the strike with the largest put GEX (put side only) - dealer hedging there tends to cushion dips. The dealer-defined trading range is $25 - $35. In a positive gamma environment, CLDX often trades within this zone.

FlashAlpha computes CLDX gamma exposure from live options data across all expirations for 6,000+ US equities and ETFs. The GEX chart above shows net GEX by strike (green above zero, red below) with the spot price, gamma flip, call wall and put wall marked on the chart; switch to Call vs Put or open interest views for the detail. Sign up free to unlock all key levels, or use the GEX API to pull CLDX gamma exposure data programmatically.

Frequently Asked Questions - CLDX Gamma Exposure

What is CLDX's gamma exposure today?

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 CLDX in positive or negative gamma?

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 CLDX's gamma flip level?

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 CLDX's key support and resistance levels from options?

The CLDX call wall (resistance) is at $35 and the put wall (support) is at $25. The call wall is the strike with the largest call GEX (call side only) - dealer hedging there tends to slow rallies. The put wall is the strike with the largest put GEX (put side only) - dealer hedging there tends to cushion declines. 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 largest call GEX (call side only). Often resistance in positive gamma regimes.
  • Put Wall: The strike with the largest put GEX (put side only, absolute). Often support.
  • 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 often drifts toward it near expiration.