Telefônica Brasil S.A. (VIV)
NYSE: VIV
· Real-Time Price · USD
12.37
0.07 (0.61%)
At close: Aug 15, 2025, 2:47 PM
VIV Gamma Exposure By Expiry
The total Gamma Exposure (GEX) for VIV across all expirations is 809.44 shares per 1% move, with 832.43 from calls and 22.99 from puts. The put-call GEX ratio of 0.03 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 605.81 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.
VIV GEX Table
| Expiry Date | Call GEX | Put GEX | Net GEX | P/C GEX |
|---|---|---|---|---|
| Sep 19, 25 | 112.54 | 0 | 112.54 | 0.00 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 627.27 | -21.46 | 605.81 | 0.03 |
| Jan 16, 26 | 0 | 0 | 0 | n/a |
| Feb 20, 26 | 92.62 | -1.53 | 91.09 | 0.02 |