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Direxion Daily Energy Bull 2X ERX 103.88 -5.12 -4.7%

ERX Gamma Exposure (GEX)

ERX (Direxion Daily Energy Bull 2X): See how call and put gamma exposure is distributed across option strikes. Free delayed preview.

Previous-day view · Mon Sep 21 close. You are previewing the previous trading day. Subscribe to see today live and every other date — plans start at Delta, $39/mo. Sign up Sign in
ATM IV
0.523
Put Call Ratio (OI)
0.734
Put Call Ratio (Vol)
0.731
IV Rank
40.2
IV Percentile
70.9
Max Pain
95

Gamma exposure (2026-09-21)

GEX estimates dealer hedging flow at each strike.

Positive GEX = dealers are long gamma; they buy the dip and sell the rip, dampening volatility. Negative GEX = dealers are short gamma; they sell the dip and buy the rip, amplifying volatility.

DTE \text{DTE}
25.0
207.0
| Δ | |\Delta|
0.00
1.00
Moneyness Moneyness
-78.9
78.9
View values by strike
ERX · Gamma exposure · 2026-09-21. USD of exposure per 1% underlying move.
StrikeCallsPuts
25.00 0 -121
30.00 55.9 -75.5
35.00 0 -65.8
40.00 159 -620
43.00 0 -136
44.00 0 -967
45.00 0 -288
48.00 87.8 -12.2
49.00 0 -920
50.00 371 -626
51.00 102 0
52.00 107 -73
53.00 0 -48.9
54.00 224 -16
55.00 1.25 K -385
56.00 362 -52.6
57.00 45.2 -24.1
58.00 1.5 K -342
59.00 213 0
60.00 1.82 K -1.46 K
61.00 4.51e-7 0
62.00 679 0
63.00 177 -25.5
64.00 710 -34.6
65.00 310 -3.17 K
66.00 26.3 0
67.00 2.6 K 0
68.00 9.83 K -16.5 K
69.00 0 -36.4
70.00 5.06 K -2.62 K
71.00 0 -1.32 K
72.00 190 -248
73.00 23.9 -42.1
74.00 0 -294
75.00 12.3 K -4.04 K
77.00 0 -267
78.00 1.09 K -171
79.00 690 0
80.00 13.7 K -1.5 K
81.00 1.62 K -9.14 K
82.00 4.69 K -177
83.00 2.73 K -458
84.00 650 -88.3
85.00 7.56 K -7.45 K
86.00 1.12 K -3.86 K
87.00 2.53 K -8.44 K
88.00 4.43 K -2.08 K
89.00 4.98 K -10.8 K
90.00 160 K -81.3 K
91.00 6.81 K -8.38 K
92.00 4.41 K -5.34 K
93.00 2.57 K -1.12 K
94.00 5.87 K -132
95.00 108 K -48.4 K
96.00 35.1 K -13.4 K
97.00 6.8 K -10.2 K
98.00 2.66 K -2.96 K
99.00 6.32 K -384
100.00 63.5 K -83.7 K
101.00 1.8 K -1.03 K
102.00 2.86 K -1.54 K
103.00 570 0
104.00 570 0
105.00 34.4 K -72.4 K
106.00 573 0
107.00 1.28 K 0
108.00 228 0
109.00 687 0
110.00 136 K -113 K
111.00 0 -600
112.00 1.53 K 0
113.00 117 0
115.00 29.2 K -26.9 K
116.00 0 -109
118.00 114 -108
120.00 56 K -5.51 K
125.00 2.99 K -21.4 K
130.00 13.2 K -3.92 K
135.00 2.29 K -226
140.00 594 -414
145.00 89.4 -95
150.00 832 -175
155.00 150 0
160.00 2.32 K -147