SOXX Gamma Exposure
Per-strike dealer gamma positioning for SOXX. Identifies call wall, put wall, and the gamma flip level where dealer hedging behavior changes.
GEX by Strike
curl -H "X-Api-Key: YOUR_API_KEY" "https://lab.flashalpha.com/v1/exposure/levels/SOXX"Free: one listed expiry on individual equities, 5 requests/day. ETFs: Basic and above. Indexes: Basic and above. Full-chain GEX: Growth and above. Levels API docs
SOXX Gamma Exposure - Live Analysis
SOXX is currently trading at $152.94 in a negative gamma regime. Net gamma exposure (GEX) stands at -$118.3M, with the gamma flip level at $153.68.SOXX is currently trading below the gamma flip, meaning dealer hedging pressure is destabilizing - dealers amplify moves in both directions, increasing intraday volatility.
In the current negative gamma regime, options market makers are net short gamma on SOXX. When SOXX falls, dealer hedging tends to sell shares - adding selling pressure that can accelerate the decline. When SOXX rises, dealers tend to buy - often fueling the rally. This creates a trending, volatile environment where moves are amplified rather than dampened. Breakout strategies tend to outperform mean reversion in negative gamma.
Key SOXX levels from dealer gamma positioning: The call wall at $155 is the strike with the largest call GEX (call side only) - dealer hedging there tends to slow rallies. The put wall at $150 is the strike with the largest put GEX (put side only) - dealer hedging there tends to cushion dips. The dealer-defined trading range is $150 - $155. In a positive gamma environment, SOXX often trades within this zone.
Volatility context: SOXX ATM implied volatility is 58.9%.
FlashAlpha computes SOXX 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 SOXX gamma exposure data programmatically.
Frequently Asked Questions - SOXX Gamma Exposure
What is SOXX's gamma exposure today?
SOXX currently has net gamma exposure (GEX) of -$118.3M in a negative 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 SOXX in positive or negative gamma?
SOXX is currently in a negative 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 SOXX's gamma flip level?
The SOXX gamma flip is currently at $153.68. 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 SOXX's key support and resistance levels from options?
The SOXX call wall (resistance) is at $155 and the put wall (support) is at $150. 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.
Related Reading
Compare SOXX GEX With
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.
Still catching up
Some tickers were throttled because too many requests were in flight at once. Your daily quota has not been used up.
Load again in a moment and the remaining tickers should fill in. Other open tabs and live tickers draw on the same concurrency budget, so closing them helps.
You've hit your daily request limit
Your quota resets at midnight UTC. Upgrade for uninterrupted access to live analytics.
What you unlock with an upgrade
Plans start at $63/mo (billed yearly) · No contract · Cancel anytime