LATAM Airlines Group S.A. (LTM)

The total Gamma Exposure (GEX) for LTM across all expirations is -4,819.71 shares per 1% move, with 253 from calls and 5,072.71 from puts. The put-call GEX ratio of 20.05 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 Dec 19, 25 expiration with -3,084.75 net GEX, which may act as a pivot point for price action. Near-term exposure for Sep 19, 25 suggests possible volatility from negative gamma effects.