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GEX overview, sorted by exposure

What is GEX? Net dealer gamma exposure in $ per 1% spot move. Positive = dealers short gamma trade against trend volatility-dampening. Negative = dealers long gamma trade with trend volatility-amplifying. Zero-GEX (flip) = strike where cumulative net GEX crosses zero, often acts as intraday pivot. Max pain = strike minimizing total option payout at expiration. Some traders use it as a magnet level near opex. Full formulas
Symbol Name Spot Total GEX Call GEX Put GEX Zero-GEX Max pain 1d EM (±$)
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