GEX NET
Net gamma exposure (calls − puts) per expiration. Shows stabilization vs amplification balance.
Net GEX = Call GEX + Put GEX (where put gamma is negative) per expiration.
- Positive — Dealer hedging stabilizes price (buy dips, sell rallies)
- Negative — Dealer hedging amplifies moves (sell into dips, buy into rallies)
Bars are stacked by exchange using relative mode, so positive and negative contributions are visible separately. Like GEX ABS, this metric is time-weighted — near-term expirations with high gamma dominate the signal.
See also: GEX ABS (Absolute), GEX Call/Put (C/P)