SM Energy (SM)
NYSE: SM
· Real-Time Price · USD
25.85
1.09 (4.40%)
At close: Oct 03, 2025, 3:59 PM
25.78
-0.27%
After-hours: Oct 03, 2025, 07:55 PM EDT
SM Gamma Exposure By Expiry
The total Gamma Exposure (GEX) for SM across all expirations is 13,313.93 shares per 1% move, with 22,047.29 from calls and 8,733.36 from puts. The put-call GEX ratio of 0.40 shows call-heavy positioning, potentially creating volatility as market makers hedge by selling into strength and buying weakness.
SM GEX Table
| Expiry Date | Call GEX | Put GEX | Net GEX | P/C GEX |
|---|---|---|---|---|
| Oct 17, 25 | 10,837.94 | -1,316.31 | 9,521.63 | 0.12 |
| Nov 21, 25 | 3,741.71 | -2,168.32 | 1,573.39 | 0.58 |
| Dec 19, 25 | 3,502.29 | -4,493.22 | -990.93 | 1.28 |
| Feb 20, 26 | 2,898.54 | -603.48 | 2,295.06 | 0.21 |
| May 15, 26 | 325.97 | -33.85 | 292.12 | 0.10 |
| Dec 18, 26 | 740.84 | -118.18 | 622.66 | 0.16 |