CBOE: ISPY · Real-Time Price · USD
43.70
-0.13 (-0.30%)
At close: Aug 15, 2025, 3:00 PM

ISPY Gamma Exposure By Expiry

The total Gamma Exposure (GEX) for ISPY across all expirations is 232.02 shares per 1% move, with 319.96 from calls and 87.94 from puts. The put-call GEX ratio of 0.27 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 146.47 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.

ISPY GEX Table

Expiry Date Call GEX Put GEX Net GEX P/C GEX
Sep 19, 25 165.08 -18.61 146.47 0.11
Oct 17, 25 0 0 0 n/a
Dec 19, 25 154.88 -37.53 117.35 0.24
Mar 20, 26 0 -31.8 -31.8 n/a