UNG· United States Natural Gas Fund
Gamma exposure · dealer positioning
Expected Move
ATM-straddle implied move from delayed quotes — a market-implied range, not a forecast.
NearestJul 1
±$0.30 (±2.6%)
11.42 — 12.02
MonthlyJul 17
±$0.74 (±6.3%)
10.98 — 12.46
QuarterlySep 18
±$1.91 (±16.3%)
9.81 — 13.63
Spot
11.7
Call Wall
11.5
Put Wall
11.5
Zero Gamma
11.8
Net GEX ($M)
0.5
Gamma exposure by strike ($M, per 1% move)
Call gammaPut gammaSpotNear EM1M EM3M EM
Near EM 12
Near EM 11.4
1M EM 12.5
1M EM 11
Spot 11.7
13
12.5
0.4
12
0.5
0.9
11.5
1.3
1.1
Call WallPut Wall
11
10.5
10