SOXX Gamma Exposure (GEX)
iShares Semiconductor ETF · computed from open interest and end-of-day quotes as of 2026-07-10 · spot $581.34 · updated nightly
Net GEX by strike
■ positive (dealers dampen moves) ■ negative (dealers amplify moves) — strikes within ±15% of spot.
Gamma walls
| Strike | Net GEX / 1% | Share of total gamma | Distance from spot |
|---|---|---|---|
| $525 | −$13M | 6.3% | -9.69% |
| $550 | −$11M | 5.4% | -5.39% |
| $530 | −$10M | 4.8% | -8.83% |
| $560 | −$9M | 4.4% | -3.67% |
| $585 | −$9M | 4.3% | 0.63% |
GEX by expiration
| Expiration | Net GEX / 1% | Absolute GEX |
|---|---|---|
| 2026-07-17 | −$64M | $149M |
| 2026-07-24 | −$1M | $11M |
| 2026-07-31 | −$20M | $27M |
| 2026-08-07 | −$2M | $3M |
| 2026-08-14 | $41,933 | $259,976 |
| 2026-08-21 | −$7M | $14M |
What is gamma exposure?
When you buy an option, a market maker usually takes the other side and hedges by holding shares of SOXX. As the price moves, the amount they must hold changes — that sensitivity is gamma. GEX aggregates it across all open contracts (calls positive, puts negative, per the standard dealer-positioning convention) into a dollar figure per 1% move.
In a positive gamma regime, dealers sell into rallies and buy dips — mechanically dampening volatility. In negative gamma, hedging flows push in the same direction as the market, amplifying moves. The gamma flip ($636.49 right now) is the estimated price where the regime switches, and large single-strike concentrations ("gamma walls") often act like short-term magnets or barriers. These are estimates built on simplified assumptions — positioning context, not predictions. Full explainer: what is GEX?
More SOXX options data
See the SOXX max pain dashboard for the expiry-pinning view of the same open interest , or check which ETFs overlap with SOXX if you hold it as a fund.
GEX for other tickers
GEX is computed nightly from end-of-day open interest and quotes using a Black-Scholes approximation (r=0, q=0), matching common retail GEX conventions (methodology). Derived metrics only — not raw market data, not investment advice.