NGL Energy Partners LP (NGL)
NYSE: NGL
· Real-Time Price · USD
4.90
-0.10 (-2.00%)
At close: Aug 19, 2025, 3:59 PM
4.84
-1.22%
After-hours: Aug 19, 2025, 06:09 PM EDT
NGL Gamma Exposure By Expiry
The total Gamma Exposure (GEX) for NGL across all expirations is 9,369.17 shares per 1% move, with 10,142.68 from calls and 773.51 from puts. The put-call GEX ratio of 0.08 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 Jan 16, 26 expiration with 5,943.2 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.
NGL GEX Table
| Expiry Date | Call GEX | Put GEX | Net GEX | P/C GEX |
|---|---|---|---|---|
| Sep 19, 25 | 386.61 | -1.07 | 385.54 | 0.00 |
| Oct 17, 25 | 3,791.97 | -757.29 | 3,034.68 | 0.20 |
| Jan 16, 26 | 5,958.35 | -15.15 | 5,943.2 | 0.00 |
| Apr 17, 26 | 5.75 | 0 | 5.75 | 0.00 |
| Jun 18, 26 | 0 | 0 | 0 | n/a |