Cognizant Technology Solu... (CTSH)

The total Gamma Exposure (GEX) for CTSH across all expirations is -42,621.27 shares per 1% move, with 35,199.74 from calls and 77,821.01 from puts. The put-call GEX ratio of 2.21 indicates heavy put positioning, suggesting market makers may need to buy shares on declines (supportive) and sell on rallies (resistance). The highest gamma concentration is at the Sep 19, 25 expiration with -26,202.75 net GEX, which may act as a pivot point for price action. Near-term exposure for Sep 19, 25 suggests possible volatility from negative gamma effects.