HON Gamma Exposure
Per-strike dealer gamma positioning for HON. Identifies call wall, put wall, and the gamma flip level where dealer hedging behavior changes.
Net GEX
Regime
Call Wall
$574
Put Wall
$568
Gamma Flip
$571
Price
GEX by Strike
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Per-Strike GEX Data
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Sign up free — 30 secondsWhat 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.