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Invesco Aerospace & Defense ETF PPA 161.17 1.39 0.87%

PPA Gamma Exposure (GEX)

PPA (Invesco Aerospace & Defense ETF): See how call and put gamma exposure is distributed across option strikes. Free delayed preview.

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ATM IV
0.233
Put Call Ratio (OI)
0.407
Put Call Ratio (Vol)
0.581
IV Rank
43.7
IV Percentile
51.4
Max Pain
165

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
-89.0
89.0
View values by strike
PPA · Gamma exposure · 2026-09-21. USD of exposure per 1% underlying move.
StrikeCallsPuts
100.00 137 0
120.00 177 0
135.00 150 0
145.00 0 -1.53 K
150.00 0 -331
155.00 526 -3.39 K
157.00 0 -1.01 K
160.00 3.08 K -3.98 K
161.00 0 -2.46 K
163.00 0 -2.11 K
164.00 0 -444
165.00 6.45 K -6.26 K
166.00 609 -1.64 K
168.00 0 -1.13 K
169.00 578 0
170.00 11.7 K -16 K
172.00 633 0
173.00 390 0
174.00 3.53 K 0
175.00 9.48 K -5.19 K
176.00 5.9 K -473
177.00 7.52 K 0
178.00 754 0
179.00 768 0
180.00 9.21 K 0
184.00 0 -728
185.00 10.7 K 0
189.00 219 0
190.00 534 0
195.00 3.35 K 0
200.00 815 0
205.00 2.88 K 0
210.00 334 0