Southside Bancshares Inc. (SBSI)

The total Gamma Exposure (GEX) for SBSI across all expirations is 34.61 shares per 1% move, with 35.14 from calls and 0.53 from puts. The put-call GEX ratio of 0.02 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 Nov 21, 25 expiration with 18.06 net GEX, which may act as a magnet point for price action. Near-term exposure for Sep 19, 25 suggests possible volatility from negative gamma effects.