NGL Energy Partners LP (NGL)

The total Gamma Exposure (GEX) for NGL across all expirations is 9,212.59 shares per 1% move, with 9,942.46 from calls and 729.87 from puts. The put-call GEX ratio of 0.07 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 Jan 16, 26 expiration with 5,948.83 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.