Ligand Pharmaceuticals (LGND)
NASDAQ: LGND
· Real-Time Price · USD
150.89
-2.90 (-1.89%)
At close: Aug 15, 2025, 3:59 PM
151.08
0.13%
After-hours: Aug 15, 2025, 04:10 PM EDT
LGND Gamma Exposure By Expiry
The total Gamma Exposure (GEX) for LGND across all expirations is 384.52 shares per 1% move, with 570.14 from calls and 185.62 from puts. The put-call GEX ratio of 0.33 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 Feb 20, 26 expiration with 243.88 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.
LGND GEX Table
| Expiry Date | Call GEX | Put GEX | Net GEX | P/C GEX |
|---|---|---|---|---|
| Sep 19, 25 | 41.4 | -1.13 | 40.27 | 0.03 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 225.49 | -125.12 | 100.37 | 0.55 |
| Feb 20, 26 | 303.25 | -59.37 | 243.88 | 0.20 |