GEX · 2026-05-15
HD Gamma Exposure (GEX)
Total OI 71K
Call OI 40K
Put OI 31K
OI PCR 0.76
Total Volume 2K
Call Volume 2K
Put Volume 633
Volume PCR 0.35
ATM IV (nearest) 33.31%
ATM IV (30d) 35.03%
Max Pain 330 2026-05-15 · 1d
Expected Move ±2.35% 298 – 312
Chart Guide
What is GEX (Gamma Exposure)?
The market's hidden volatility amplifier or shock absorber
GEX measures the dollar value of stock dealers must buy or sell to stay delta-neutral as price moves. Positive GEX suppresses volatility — dealers buy dips a…
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Frequently Asked Questions
What is gamma exposure (GEX) and why does it matter for HD?
Gamma exposure (GEX) measures the total gamma held by options dealers across all strikes for HD. When dealers are net long gamma (positive GEX), they must sell the underlying as price rises and buy as it falls — acting as a stabilising force that dampens volatility. When dealers are net short gamma (negative GEX), they must buy as price rises and sell as it falls — amplifying moves. The GEX chart shows this by strike so you can identify the levels where dealer hedging is most intense.
What is the current net GEX for HD?
The total net gamma exposure for HD is currently −8.5M (negative (market-amplifying)). Negative net GEX means dealers are net short gamma — expect trending, higher-volatility behaviour as dealer hedging amplifies directional moves.
What are GEX flip points and how do they affect HD?
A GEX flip point (also called the gamma flip or zero-gamma level) is the price at which dealer net gamma exposure transitions from positive to negative. Above the flip point, positive gamma keeps volatility suppressed — rallies and dips are faded by dealer hedging. Below it, negative gamma takes over and dealer hedges amplify moves. The GEX chart on StrikeVue shows the strike-level distribution so you can identify these critical transition levels for HD.
How often is HD GEX data updated on StrikeVue?
HD gamma exposure data is recalculated every 5 minutes during United States market hours from live NYSE/NASDAQ options open interest and greeks. StrikeVue is completely free and requires no login.