SMH
Gamma exposure · dealer positioning
Expected Move
ATM-straddle implied move from delayed quotes — a market-implied range, not a forecast.
NearestJul 2
±$19.95 (±3.0%)
635.94 — 675.84
MonthlyJul 17
±$58.30 (±8.9%)
597.59 — 714.19
QuarterlySep 18
±$126.12 (±19.2%)
529.77 — 782.01
Spot
655.9
Call Wall
675
Put Wall
600
Zero Gamma
637.5
Net GEX ($M)
-12.9
Gamma exposure by strike ($M, per 1% move)
Call gammaPut gammaSpotNear EM1M EM3M EM
Near EM 675.8
Near EM 635.9
1M EM 714.2
1M EM 597.6
Spot 655.9
750
745
740
735
730
725
720
715
710
705
700
695
690
685
680
1
675
2.6
Call Wall
670
0.8
665
1.6
660
1.6
655
650
1.1
645
640
1.3
635
630
625
620
615
610
1.7
605
600
18.3
Put Wall
595
590
585
580
0.8
575
570
565
560
1.1