GEX ABS (Absolute)

Absolute gamma exposure per expiration. Time-weighted — near-term expirations dominate.

GEX ABS per expiration — near-term bars are tallest as gamma decays rapidly for far-dated positions

Absolute GEX = |Call GEX| + |Put GEX| per expiration, showing total hedging activity regardless of direction.

Unlike OI, gamma is highest for near-term, at-the-money options and decays rapidly for far-dated or deep OTM positions. This means GEX naturally time-weights the data — a $10M position expiring tomorrow generates far more gamma (and hedging flow) than the same position 6 months out. OI treats them equally.

Use GEX ABS to see where the real hedging pressure lives across the term structure.

See also: GEX NET, OI by Expiration

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