AMEX: XOP · Real-Time Price · USD
124.49
-0.66 (-0.53%)
At close: Aug 15, 2025, 3:59 PM
124.43
-0.05%
After-hours: Aug 15, 2025, 07:29 PM EDT

XOP Gamma Exposure By Expiry

The total Gamma Exposure (GEX) for XOP across all expirations is -177,909.13 shares per 1% move, with 182,199.88 from calls and 360,109.01 from puts. The put-call GEX ratio of 1.98 indicates heavy put positioning, suggesting market makers may need to buy shares on declines (supportive) and sell on rallies (resistance). The highest gamma concentration is at the Jan 16, 26 expiration with -59,316.75 net GEX, which may act as a pivot point for price action. Near-term exposure for Aug 22, 25 suggests possible volatility from negative gamma effects.

XOP GEX Table

Expiry Date Call GEX Put GEX Net GEX P/C GEX
Aug 22, 25 5,481.49 -27,233.34 -21,751.85 4.97
Aug 29, 25 3,926.36 -8,390.76 -4,464.4 2.14
Sep 5, 25 1,378.42 -3,270.36 -1,891.94 2.37
Sep 12, 25 810.52 -2,701.1 -1,890.58 3.33
Sep 19, 25 73,799.95 -111,113.5 -37,313.55 1.51
Sep 26, 25 247.33 -510.48 -263.15 2.06
Oct 17, 25 30,975.85 -20,915.07 10,060.78 0.68
Nov 21, 25 3,751.85 -6,862.36 -3,110.51 1.83
Dec 19, 25 3,647.36 -17,885.51 -14,238.15 4.90
Jan 16, 26 47,541.26 -106,858.01 -59,316.75 2.25
Mar 20, 26 1,036.17 -6,606.27 -5,570.1 6.38
Jun 18, 26 2,753.2 -21,528.89 -18,775.69 7.82
Sep 18, 26 0 0 0 n/a
Dec 18, 26 3,547.1 -12,219.73 -8,672.63 3.44
Jan 15, 27 3,224.31 -12,593.29 -9,368.98 3.91
Dec 17, 27 78.71 -1,420.34 -1,341.63 18.05