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Spear Alpha ETF SPRX 48.74 2.66 5.77%

SPRX Gamma Exposure (GEX)

SPRX (Spear Alpha ETF): 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
0.468
Put Call Ratio (OI)
0.301
Put Call Ratio (Vol)
0.429
IV Rank
28.3
IV Percentile
35.7
Max Pain
46

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
-31.3
31.3
View values by strike
SPRX · Gamma exposure · 2026-09-21. USD of exposure per 1% underlying move.
StrikeCallsPuts
33.00 183 0
35.00 672 -100
36.00 0 -32.2
37.00 33 0
38.00 199 -526
40.00 132 -322
41.00 167 -218
42.00 0 -38.8
43.00 314 0
44.00 68.6 0
45.00 0 -1.74 K
46.00 300 -106
47.00 5.19 K 0
48.00 1.19 K -46.5
49.00 789 0
50.00 4.62 K -67.9
51.00 789 0
52.00 781 -138
53.00 0 -135
54.00 76.9 0
55.00 224 0
56.00 87.9 0
57.00 143 0
58.00 68.5 0
60.00 436 0
65.00 2.76 K 0