Alcoa Corporation (AA)
NYSE: AA
· Real-Time Price · USD
29.34
-0.51 (-1.71%)
At close: Aug 20, 2025, 3:59 PM
29.39
0.17%
After-hours: Aug 20, 2025, 04:55 PM EDT
AA Gamma Exposure By Expiry
The total Gamma Exposure (GEX) for AA across all expirations is -74,974.36 shares per 1% move, with 169,475.37 from calls and 244,449.73 from puts. The put-call GEX ratio of 1.44 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 Aug 22, 25 expiration with -48,628.47 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.
AA GEX Table
| Expiry Date | Call GEX | Put GEX | Net GEX | P/C GEX |
|---|---|---|---|---|
| Aug 22, 25 | 25,406.34 | -74,034.81 | -48,628.47 | 2.91 |
| Aug 29, 25 | 13,639.27 | -11,916.62 | 1,722.65 | 0.87 |
| Sep 5, 25 | 6,138.35 | -6,275.6 | -137.25 | 1.02 |
| Sep 12, 25 | 1,778.02 | -1,983.97 | -205.95 | 1.12 |
| Sep 19, 25 | 32,166.22 | -54,457.84 | -22,291.62 | 1.69 |
| Sep 26, 25 | 1,143.98 | -2,349.11 | -1,205.13 | 2.05 |
| Oct 17, 25 | 30,741.08 | -23,438.74 | 7,302.34 | 0.76 |
| Nov 21, 25 | 275.36 | -302.67 | -27.31 | 1.10 |
| Jan 16, 26 | 31,042.37 | -39,932.9 | -8,890.53 | 1.29 |
| Mar 20, 26 | 15,576.36 | -13,788.09 | 1,788.27 | 0.89 |
| Apr 17, 26 | 42.22 | -5.82 | 36.4 | 0.14 |
| Jun 18, 26 | 4,065.17 | -7,298.98 | -3,233.81 | 1.80 |
| Sep 18, 26 | 708.22 | -1,357.26 | -649.04 | 1.92 |
| Dec 18, 26 | 1,324.94 | -1,601.69 | -276.75 | 1.21 |
| Jan 15, 27 | 5,427.47 | -5,705.63 | -278.16 | 1.05 |