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Dealer positioning

CRM Gamma Exposure (GEX)

Tuesday, September 8, 2026 · 3-session delayed summary

+$12.6MNet gamma
$270Call wall
$240Put wall
$248.5Spot at close

CRM closed that session in a positive gamma regime with net exposure of +$12.6M: dealers hedge by selling rallies and buying dips, which tends to dampen moves and pin price near heavy strikes. The dominant call wall sits at $270, while the put wall at $240 marks the heaviest downside hedging concentration.

Gamma by strike and expiration

How to read this: each column is an expiration, each row a strike. Gold cells mark the largest positive-gamma concentration per expiration (price magnets), purple the most negative (acceleration zones). Walls are where hedging flows are heaviest. Learn how GEX works

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More CRM data

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