Grayscale Bitcoin Trust E... (GBTC)
AMEX: GBTC
· Real-Time Price · USD
88.17
1.15 (1.32%)
At close: Sep 03, 2025, 3:59 PM
87.70
-0.53%
After-hours: Sep 03, 2025, 07:58 PM EDT
GBTC Gamma Exposure By Expiry
The total Gamma Exposure (GEX) for GBTC across all expirations is 49,456.3 shares per 1% move, with 69,406.85 from calls and 19,950.55 from puts. The put-call GEX ratio of 0.29 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 Sep 5, 25 expiration with 21,135.29 net GEX, which may act as a magnet point for price action. Near-term exposure for Sep 5, 25 suggests potential support from positive gamma hedging flows.
GBTC GEX Table
| Expiry Date | Call GEX | Put GEX | Net GEX | P/C GEX |
|---|---|---|---|---|
| Sep 5, 25 | 23,672.17 | -2,536.88 | 21,135.29 | 0.11 |
| Sep 12, 25 | 831.22 | -682.06 | 149.16 | 0.82 |
| Sep 19, 25 | 15,237.75 | -7,185.15 | 8,052.6 | 0.47 |
| Sep 26, 25 | 698.03 | -876.51 | -178.48 | 1.26 |
| Oct 3, 25 | 299.17 | -133.55 | 165.62 | 0.45 |
| Oct 10, 25 | 66.5 | -44.96 | 21.54 | 0.68 |
| Oct 17, 25 | 1,241.96 | -515.71 | 726.25 | 0.42 |
| Dec 19, 25 | 16,906.61 | -5,137.33 | 11,769.28 | 0.30 |
| Jan 16, 26 | 7,525.79 | -2,234.47 | 5,291.32 | 0.30 |
| Mar 20, 26 | 564.43 | -258.18 | 306.25 | 0.46 |
| Jan 15, 27 | 2,363.22 | -345.75 | 2,017.47 | 0.15 |