Smith & Nephew (SNN)
SNN Daily Gamma Exposure
Current Gamma Exposure (GEX) is 483.32000000000005, which is 158% above the 3M average of 187.32217391304349. Over this period, GEX peaked at 483.32000000000005 on Aug 15, 2025 and bottomed at -0.46999999999999975 on May 21, 2025, showing a shift between positive and negative gamma regimes. The exposure has been increasing recently, suggesting growing dealer hedging that could dampen volatility. Today's put-call gamma ratio of 0.06 is below the recent average of 0.21, indicating call-heavy positioning. High GEX volatility (±180.05280715623215) suggests frequent repositioning and potential regime changes.
GEX History
Date | Call GEX | Put GEX | Net GEX | P/C GEX |
---|---|---|---|---|
Aug 15, 2025 | 514.97 | -31.65 | 483.32 | 0.06 |
Aug 14, 2025 | 482.72 | -31.75 | 450.97 | 0.07 |
Aug 13, 2025 | 493.02 | -29.07 | 463.95 | 0.06 |
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