ASA Gold and Precious Met... (ASA)

The total Gamma Exposure (GEX) for ASA across all expirations is 768.77 shares per 1% move, with 873.34 from calls and 104.57 from puts. The put-call GEX ratio of 0.12 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 Nov 21, 25 expiration with 434.42 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.