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State Street SPDR S&P Software XSW 201.68 4.55 2.31%

XSW Gamma Exposure (GEX)

XSW (State Street SPDR S&P Software): 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
0.262
Put Call Ratio (OI)
0.719
Put Call Ratio (Vol)
0.579
IV Rank
5.06
IV Percentile
26.2
Max Pain
160

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
-126.2
126.2
View values by strike
XSW · Gamma exposure · 2026-09-21. USD of exposure per 1% underlying move.
StrikeCallsPuts
80.00 0 -68.9
100.00 0 -1.2 K
105.00 0 -268
110.00 0 -49.4
120.00 0 -2.83 K
125.00 0 -69.8
130.00 0 -394
135.00 0 -1.56 K
140.00 0 -1.49 K
145.00 29.9 0
147.00 0 -244
148.00 -9.38e-8 0
150.00 -1.27e-5 -137
152.00 0 -432
154.00 65.2 0
155.00 263 -457
156.00 0 -314
157.00 5.22e-8 0
158.00 52.8 0
159.00 0 -176
160.00 132 -1.8 K
162.00 85.6 0
165.00 844 0
170.00 443 -762
175.00 3.74 K 0
180.00 2.05 K -352
185.00 10.1 K -835
190.00 490 -3.07 K
191.00 389 0
195.00 4.86 K -11.4 K
200.00 28.2 K -550
205.00 2.56 K -2.43 K
210.00 14.9 K 0
215.00 784 0
220.00 2.77 K -401
225.00 2.76 K 0
230.00 8.11 K 0
235.00 5.53 K 0
245.00 295 0
265.00 170 0