Saratoga Investment Corp. (SAR)
NYSE: SAR
· Real-Time Price · USD
25.41
-0.09 (-0.35%)
At close: Aug 28, 2025, 3:59 PM
25.42
0.04%
After-hours: Aug 28, 2025, 05:37 PM EDT
SAR Gamma Exposure By Expiry
The total Gamma Exposure (GEX) for SAR across all expirations is -532.12 shares per 1% move, with 670.82 from calls and 1,202.94 from puts. The put-call GEX ratio of 1.79 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 Nov 21, 25 expiration with -331.72 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.
SAR GEX Table
| Expiry Date | Call GEX | Put GEX | Net GEX | P/C GEX |
|---|---|---|---|---|
| Sep 19, 25 | 0 | -166.77 | -166.77 | n/a |
| Oct 17, 25 | 135.75 | -32.33 | 103.42 | 0.24 |
| Nov 21, 25 | 410.68 | -742.4 | -331.72 | 1.81 |
| Dec 19, 25 | 0 | 0 | 0 | n/a |
| Jan 16, 26 | 0 | 0 | 0 | n/a |
| Feb 20, 26 | 124.39 | -261.44 | -137.05 | 2.10 |