Dealer net gamma exposure, dollars of the underlying traded per 1% move to stay hedged. ASSUMES DEALERS ARE LONG CALLS AND SHORT PUTS - the common convention, and exactly what L exists to test. Positive means hedging damps moves. 0DTE contracts excluded: they are not held past the close.
Rank and percentile disagree by 36 points. rank 56% sits far below percentile 92%, both over every reading on record, less than a year of them: one violent spike stretched the range, so this reading looks low against the high while being high against almost every other reading in it
2026-06-1768 obs2026-09-23
39 of 39 with a reading on or before 2026-09-23. Each row is that name against its own history — core.metric_context(), one query for all of them — not a rank among them.
| -$248.4m per 1% |
| 3.7% | 3.7% | 12.6% | -3.31 |
| 68 |
| XLV | +$2.0m per 1% | 6.6% | 6.6% | 15.1% | -1.33 | 68 |
| IWM | -$4.44bn per 1% | 9.6% | 9.6% | 38.1% | -1.56 | 68 |
| LMT | -$11.9m per 1% | 14.0% | 14.0% | 11.8% | -0.76 | 68 |
| XLE | -$54.1m per 1% | 19.9% | 19.9% | 32.1% | -1.39 | 68 |
| DELL | +$15.3m per 1% | 21.3% | 21.3% | 17.9% | -0.83 | 68 |
| XLP | -$64.0m per 1% | 24.3% | 24.3% | 44.0% | -1.11 | 68 |
| DIA | -$29.8m per 1% | 27.2% | 27.2% | 46.1% | -0.71 | 68 |
| XLI | -$139.4m per 1% | 27.2% | 27.2% | 45.3% | -0.63 | 68 |
| AMZN | +$246.4m per 1% | 30.1% | 30.1% | 33.6% | -0.66 | 68 |
| SPCX | -$56.1m per 1% | 30.1% | 30.1% | 13.9% | -0.59 | 68 |
| ORCL | -$11.4m per 1% | 31.6% | 31.6% | 22.0% | -0.46 | 68 |
| GOOG | +$5.8m per 1% | 37.5% | 37.5% | 43.1% | -0.31 | 68 |
| XOM | +$72.4m per 1% | 50.7% | 50.7% | 52.1% | 0.00 | 68 |
| SPY | -$4.89bn per 1% | 56.6% | 56.6% | 37.2% | 0.11 | 68 |
| AVGO | +$49.5m per 1% | 58.1% | 58.1% | 52.4% | 0.20 | 68 |
| MSFT | +$1.29bn per 1% | 69.9% | 69.9% | 77.7% | 0.41 | 68 |
| CAT | +$5.9m per 1% | 72.8% | 72.8% | 57.4% | 0.60 | 68 |
| XLY | -$46.9m per 1% | 74.3% | 74.3% | 91.3% | 0.51 | 68 |
| QQQ | +$570.9m per 1% | 77.2% | 77.2% | 57.6% | 0.82 | 68 |
| AAPL | +$1.18bn per 1% | 78.7% | 78.7% | 66.7% | 0.86 | 68 |
| CRSR | +$281k per 1% | 80.1% | 80.1% | 53.2% | 0.67 | 68 |
| DE | +$18.6m per 1% | 86.0% | 86.0% | 48.1% | 1.02 | 68 |
| STX | +$34.6m per 1% | 90.4% | 90.4% | 69.9% | 1.57 | 68 |
| AMD | +$271.2m per 1% | 91.9% | 91.9% | 66.4% | 1.31 | 68 |
| NVDA | +$1.52bn per 1% | 91.9% | 91.9% | 56.3% | 1.31 | 68 |
| SOXX | +$63.6m per 1% | 91.9% | 91.9% | 71.8% | 1.73 | 68 |
| SNDK | +$153.1m per 1% | 93.4% | 93.4% | 81.1% | 1.62 | 68 |
| WDC | +$18.8m per 1% | 93.4% | 93.4% | 62.6% | 1.53 | 68 |
| INTC | +$169.5m per 1% | 94.9% | 94.9% | 71.2% | 2.42 | 68 |
| MRVL | +$103.6m per 1% | 94.9% | 94.9% | 79.3% | 2.13 | 68 |
| MU | +$664.5m per 1% | 94.9% | 94.9% | 86.2% | 2.30 | 68 |
| PLTR | +$222.8m per 1% | 94.9% | 94.9% | 83.8% | 1.53 | 68 |
| META | +$1.71bn per 1% | 96.3% | 96.3% | 92.2% | 2.93 | 68 |
| CRWD | +$85.1m per 1% | 97.8% | 97.8% | 85.9% | 1.75 | 68 |
| SMH | +$301.4m per 1% | 97.8% | 97.8% | 93.9% | 1.31 | 68 |
| PANW | +$66.5m per 1% | 99.3% | 99.3% | 100.0% | 2.49 | 68 |
| XLK | +$47.9m per 1% | 99.3% | 99.3% | 100.0% | 2.96 | 68 |
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