SPTI Gamma Exposure

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

GEX by Strike

SPTI Gamma Exposure - Live Analysis

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

Volatility context: SPTI ATM implied volatility is 9.9%.

FlashAlpha computes SPTI 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 SPTI gamma exposure data programmatically.

Frequently Asked Questions - SPTI Gamma Exposure

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

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.