British American Tobacco ... (BTI)
NYSE: BTI
· Real-Time Price · USD
56.96
-0.46 (-0.80%)
At close: Aug 15, 2025, 11:49 AM
BTI Gamma Exposure By Expiry
The total Gamma Exposure (GEX) for BTI across all expirations is 161,340.37 shares per 1% move, with 228,409.05 from calls and 67,068.68 from puts. The put-call GEX ratio of 0.29 shows call-heavy positioning, potentially creating volatility as market makers hedge by selling into strength and buying weakness. The highest gamma concentration is at the Sep 19, 25 expiration with 43,950.71 net GEX, which may act as a magnet point for price action. Near-term exposure for Sep 19, 25 suggests potential support from positive gamma hedging flows.
BTI GEX Table
| Expiry Date | Call GEX | Put GEX | Net GEX | P/C GEX |
|---|---|---|---|---|
| Sep 19, 25 | 62,270.54 | -18,319.83 | 43,950.71 | 0.29 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 48,030.45 | -16,175.2 | 31,855.25 | 0.34 |
| Jan 16, 26 | 40,483.1 | -13,314.45 | 27,168.65 | 0.33 |
| Mar 20, 26 | 15,187.2 | -6,885.11 | 8,302.09 | 0.45 |
| Jun 18, 26 | 16,081.09 | -3,179.96 | 12,901.13 | 0.20 |
| Sep 18, 26 | 17,528.49 | -1,161.01 | 16,367.48 | 0.07 |
| Dec 18, 26 | 12,208.12 | -2,818.84 | 9,389.28 | 0.23 |
| Jan 15, 27 | 16,620.06 | -5,214.28 | 11,405.78 | 0.31 |