(SPHQ)
AMEX: SPHQ
· Real-Time Price · USD
72.35
-0.27 (-0.37%)
At close: Aug 29, 2025, 3:59 PM
72.80
0.62%
After-hours: Aug 29, 2025, 07:55 PM EDT
SPHQ Gamma Exposure By Expiry
The total Gamma Exposure (GEX) for SPHQ across all expirations is 502.97 shares per 1% move, with 905.71 from calls and 402.74 from puts. The put-call GEX ratio of 0.44 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 535 net GEX, which may act as a magnet point for price action. Near-term exposure for Sep 19, 25 suggests possible volatility from negative gamma effects.
SPHQ GEX Table
| Expiry Date | Call GEX | Put GEX | Net GEX | P/C GEX |
|---|---|---|---|---|
| Sep 19, 25 | 45.4 | -63.59 | -18.19 | 1.40 |
| Oct 17, 25 | 238.31 | -252.15 | -13.84 | 1.06 |
| Jan 16, 26 | 622 | -87 | 535 | 0.14 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |