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State Street SPDR S&P Oil XOP 184.9 -5.71 -3.0%

XOP Gamma Exposure (GEX)

XOP (State Street SPDR S&P Oil): 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
0.328
Put Call Ratio (OI)
2.57
Put Call Ratio (Vol)
0.896
IV Rank
49
IV Percentile
59.8
Max Pain
188

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}
4.0
851.0
| Δ | |\Delta|
0.00
1.00
Moneyness Moneyness
-129.7
129.7
View values by strike
XOP · Gamma exposure · 2026-09-21. USD of exposure per 1% underlying move.
StrikeCallsPuts
55.00 0 -113
60.00 0 -206
65.00 0 -6.1 K
70.00 0 -9.84 K
75.00 0 -15.9 K
80.00 292 -20.1 K
85.00 223 -31.9 K
90.00 367 -14.3 K
95.00 2.29 K -36.4 K
100.00 5.19 K -118 K
105.00 3.09 K -73 K
110.00 28.6 K -235 K
114.00 21.6 K -4.26 K
115.00 32.9 K -127 K
116.00 20.6 K -1.26 K
117.00 3.14 K -19.8 K
118.00 335 -56.8 K
119.00 1.66 K -5.7 K
120.00 64.6 K -367 K
121.00 5.51 K -15.9 K
122.00 5.6 K -3.57 K
123.00 6.93 K -10.5 K
124.00 12 K -30 K
125.00 125 K -388 K
126.00 42.3 K -45.5 K
127.00 11.4 K -11.7 K
128.00 12.5 K -9.71 K
129.00 41 K -48 K
130.00 361 K -2.34 M
131.00 9.9 K -4.44 K
132.00 7.62 K -6.25 K
133.00 18.8 K -5.4 K
134.00 12.6 K -27.8 K
135.00 99.6 K -132 K
136.00 47 K -18.9 K
137.00 41.1 K -16.6 K
138.00 115 K -65.2 K
139.00 146 K -122 K
140.00 226 K -681 K
141.00 45.8 K -26.7 K
142.00 53.7 K -156 K
143.00 177 K -134 K
144.00 14.9 K -12.6 K
145.00 137 K -248 K
146.00 46.2 K -6.75 K
147.00 14 K -18.7 K
148.00 22.2 K -67 K
149.00 9.07 K -2.03 K
150.00 414 K -5.44 M
151.00 18.9 K -10.7 K
152.00 5.06 K -6.66 K
153.00 21.4 K -3.82 K
154.00 11.9 K -10.1 K
155.00 328 K -1.64 M
156.00 10.5 K -11.6 K
157.00 4.53 K -6.8 K
157.50 0 -597
158.00 4.5 K -18.8 K
159.00 12.8 K -63.8 K
160.00 332 K -1.56 M
161.00 1.9 K -56.9 K
162.00 2.81 K -80 K
162.50 0 -942
163.00 69.7 K -40.2 K
164.00 7.97 K -74.5 K
165.00 631 K -11.3 M
166.00 14.4 K -12.1 K
167.00 12.5 K -9.56 K
167.50 0 -3.16 K
168.00 33.2 K -40.4 K
169.00 41 K -21 K
170.00 1.38 M -3.67 M
171.00 17.9 K -57.5 K
172.00 6.46 K -408 K
172.50 0 -47.1 K
173.00 21.3 K -238 K
174.00 4.08 K -2.02 M
175.00 1.41 M -2.29 M
176.00 4.46 K -145 K
177.00 10 K -381 K
177.50 0 -44.7 K
178.00 24.9 K -707 K
179.00 18.7 K -150 K
180.00 2.4 M -3.24 M
181.00 11.9 K -151 K
182.00 31.2 K -1.83 M
182.50 1.55 K -17.8 K
183.00 435 K -719 K
184.00 84.8 K -145 K
185.00 1.21 M -6.21 M
186.00 144 K -3.27 M
187.00 38.8 K -1.19 M
187.50 11.2 K -65.1 K
188.00 76.4 K -1.06 M
189.00 38.4 K -103 K
190.00 2.6 M -5.49 M
191.00 252 K -195 K
192.00 122 K -95.8 K
192.50 254 K -52.7 K
193.00 380 K -78.8 K
194.00 315 K -107 K
195.00 3.46 M -605 K
196.00 589 K -193 K
197.00 207 K -295 K
197.50 2.53 K 0
198.00 220 K -322 K
199.00 834 K -60.1 K
200.00 2.06 M -417 K
202.50 36.2 K 0
205.00 1.48 M -69.3 K
207.50 15.3 K 0
210.00 1.36 M -47.1 K
212.50 124 K 0
215.00 894 K -880
217.50 3.75 K 0
220.00 474 K -2.24 K
225.00 282 K 0
230.00 137 K -229
235.00 97.1 K -829
240.00 487 K -202
245.00 76.9 K 0
250.00 261 K -208
255.00 38 K 0
260.00 36.5 K 0
265.00 9.12 K 0
270.00 40.4 K 0
275.00 7.33 K 0
280.00 24.8 K 0
285.00 175 0
290.00 1.4 K 0