Howmet Aerospace Inc. (HWM)
NYSE: HWM
· Real-Time Price · USD
172.96
1.71 (1.00%)
At close: Aug 18, 2025, 3:59 PM
173.50
0.31%
Pre-market: Aug 19, 2025, 07:00 AM EDT
HWM Gamma Exposure By Expiry
The total Gamma Exposure (GEX) for HWM across all expirations is -6,496.32 shares per 1% move, with 56,739.28 from calls and 63,235.6 from puts. The put-call GEX ratio of 1.11 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 Sep 12, 25 expiration with -6,118.62 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.
HWM GEX Table
| Expiry Date | Call GEX | Put GEX | Net GEX | P/C GEX |
|---|---|---|---|---|
| Aug 22, 25 | 4,749.37 | -10,608.35 | -5,858.98 | 2.23 |
| Aug 29, 25 | 2,239.97 | -2,404.18 | -164.21 | 1.07 |
| Sep 5, 25 | 849.32 | -1,143.7 | -294.38 | 1.35 |
| Sep 12, 25 | 1,672.42 | -7,791.04 | -6,118.62 | 4.66 |
| Sep 19, 25 | 21,522.92 | -23,818.93 | -2,296.01 | 1.11 |
| Sep 26, 25 | 56.97 | -128.64 | -71.67 | 2.26 |
| Oct 17, 25 | 12,109.5 | -9,377.63 | 2,731.87 | 0.77 |
| Jan 16, 26 | 9,172.93 | -5,590.44 | 3,582.49 | 0.61 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| Jun 18, 26 | 2,712.52 | -1,897.84 | 814.68 | 0.70 |
| Sep 18, 26 | 0 | 0 | 0 | n/a |
| Jan 15, 27 | 1,653.36 | -474.85 | 1,178.51 | 0.29 |