Net GEX Forecast
Forecast of dealer hedging pressure at hypothetical future prices — shows where Net GEX would be positive (Sticky) or negative (Jumpy) if spot moved there.
Net GEX Forecast (also known as the Gamma Profile) is a forecast of dealer hedging pressure. It asks: "if spot moved to each hypothetical level, how much — and in which direction — would dealers need to hedge?" The curve answers that for every price across the modeled range.
Where today's GEX by Strike shows current dealer positioning at the current spot, the Net GEX Forecast projects the Net GEX dealers would carry if spot were at each strike instead — a forward look at hedging pressure that lets you see regime transitions before price gets there.
- Above the zero line (Positive) — at that price, dealers would be net long gamma and hedge against moves. Sticky regime: favor mean reversion, sell premium.
- Below the zero line (Negative) — at that price, dealers would be net short gamma and amplify moves. Jumpy regime: favor momentum, buy volatility.
- Crossing zero (Flip Point) — the price at which the regime changes. Crossing this line in real spot is a structural shift, not noise.
Colored zones classify the curve's behavior: support (growing/declining), resistance (increasing/decreasing), and volatility expansion/compression. Marker points S (Stability) and V (Volatility) flag the price levels where forecasted hedging pressure peaks in each direction.
How to use it: read the curve around current spot to anticipate what happens on the next 1–3% move — does dealer hedging become stronger and pin price, or weaker and let it run? Pair with GEX by Strike (which tells you where the current positioning is) for the complete picture.
See also: GEX by Strike, Dealer Hedging, Net GEX (Hedging Pressure), Flip Point (F), Stability Point (S), Volatility Point (V)