SMH Gamma Exposure (GEX)
SMH $544.86 · Updated Oct 26, 4:00 PM ET
SMH total dealer gamma exposure is -$403M across all listed expirations. Negative GEX means dealers are net short gamma; their hedging tends to amplify price moves. The gamma flip is $562.48, with spot 3.1% below it. The call wall is $625.00 and the put wall $530.00.
TOTAL GEX
-$403M
All expirations, per 1% move
GAMMA FLIP
$562.48
+3.2%
CALL WALL
$625.00
+14.7%
PUT WALL
$530.00
-2.7%
NET GEX BY STRIKE
How this is calculated: Gamma Exposure (GEX) methodology · Gamma exposure explained