Washington Federal Inc. (WAFD)

The total Gamma Exposure (GEX) for WAFD across all expirations is 25.77 shares per 1% move, with 37.25 from calls and 11.48 from puts. The put-call GEX ratio of 0.31 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 15.91 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.