SO· Southern Company
Gamma exposure · dealer positioning
Expected Move
ATM-straddle implied move from delayed quotes — a market-implied range, not a forecast.
NearestJul 24
±$1.25 (±1.3%)
95.51 — 98.01
MonthlyAug 21
±$4.80 (±5.0%)
91.96 — 101.56
QuarterlyNov 20
±$9.05 (±9.4%)
87.71 — 105.81
Spot
96.8
Call Wall
98
Put Wall
98
Zero Gamma
93.5
Net GEX ($M)
7.3
Gamma exposure by strike ($M, per 1% move)
Call gammaPut gammaSpotNear EM1M EM3M EM
Near EM 98
Near EM 95.5
1M EM 101.6
1M EM 92
3M EM 105.8
3M EM 87.7
Spot 96.8
110
109
108
107
106
105
104
103
102
101
100
99
1
98
0.5
2.3
Call WallPut Wall
97
0.1
1.5
96
1.7
95
0.2
1.4
94
0.1
0.3
93
92
91
90
89
88
87
86
85
84
83