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First Trust Natural Gas ETF FCG 30.22 -0.22 -0.72%

FCG Gamma Exposure (GEX)

FCG (First Trust Natural Gas ETF): See how call and put gamma exposure is distributed across option strikes. Free delayed preview.

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ATM IV
0.343
Put Call Ratio (OI)
0.182
Put Call Ratio (Vol)
0.534
IV Rank
54.8
IV Percentile
70
Max Pain
30

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
179.0
| Δ | |\Delta|
0.00
1.00
Moneyness Moneyness
-13.2
13.2
View values by strike
FCG · Gamma exposure · 2026-09-21. USD of exposure per 1% underlying move.
StrikeCallsPuts
17.00 166 0
19.00 31.3 -33.5
20.00 20.9 0
21.00 14.5 0
22.00 34.8 -39
23.00 4.68 K -118
24.00 56.6 -782
25.00 2.75 K -2.02 K
26.00 1.1 K -2.62 K
27.00 3.22 K -5.36 K
28.00 1.4 K -3.24 K
29.00 3.68 K -1.83 K
30.00 23.3 K -10.7 K
31.00 10.7 K -534
32.00 7.85 K -2.21 K
33.00 54.9 K -131
34.00 4.15 K 0
35.00 1.75 K -583
36.00 7.97 K 0
37.00 238 0
38.00 65.9 0
39.00 1.94 K 0
40.00 9.23 K 0