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IWF Gamma Exposure

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

Net GEX
+$5.6M
Price
$122.63

GEX by Strike

IWF Gamma Exposure - Live Analysis

This page shows real-time gamma exposure (GEX) data for IWF, updated every 15 seconds during market hours.

Key IWF levels from dealer gamma positioning: The call wall at $130 is the strike with the highest concentration of call gamma - dealers sell here on rallies, creating upside resistance. The put wall at $108 has the highest put gamma - dealers buy here on dips, creating downside support. The dealer-defined trading range is $108 - $130. In a positive gamma environment, expect IWF to gravitate within this zone.

Volatility context: IWF ATM implied volatility is 14.5%.

FlashAlpha computes IWF 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 IWF gamma exposure data programmatically.

Frequently Asked Questions - IWF Gamma Exposure

What is IWF'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 IWF 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 IWF'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 IWF's key support and resistance levels from options?

The IWF call wall (resistance) is at $130 and the put wall (support) is at $108. 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.

Related Reading

GEX What Is Gamma Exposure (GEX)? 0D Guide to 0DTE Trading Strategies API GEX API Documentation R Gamma Exposure Research Guide

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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.

More IWF Analysis

Full IWF Analysis

IV, GEX, dealer positioning, vol surface, options flow
IWF Volatility Skew

IV smile, put/call skew, term structure
IWF Vol Surface

3D implied volatility heatmap
IWF Implied Volatility

ATM IV, IV percentile, IV vs realized vol