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Dealer positioning

VOO Gamma Exposure (GEX)

Wednesday, September 9, 2026 · 3-session delayed summary

+$7.3MNet gamma
$715Call wall
$702Put wall
$701.19Spot at close

Vanguard S&P 500 ETF (VOO) closed that session in a positive gamma regime with net exposure of +$7.3M: 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 $715, while the put wall at $702 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 VOO data

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