ASO gamma exposure by strike

From the closing options book · October 20, 2026 · updated after every close

ASO closed at 59.65 on October 20, 2026 with dealers net long $587K of gamma. The call wall was 60 (+0.6%), the put wall 50 (−16.2%) and the apex, the single largest gamma strike, 60.

+$587K
Net gamma
60
Call wall
+0.6%
50
Put wall
−16.2%
54.5
Gamma flip
−8.6%

ASO largest gamma strikes within 4% of the close

Strikeshort ← dealer gamma → long
62
+$29K
60
+$305K
— close 59.65 —
59
+$8K
58
+$106K
57.5
+$8K

The heaviest strike on the October 20, 2026 book was 60, carrying +$305K of dealer gamma, +0.6% from the close.

ASO closed with dealers short gamma on 20 of the last 60 sessions. In short gamma, dealer hedging buys rallies and sells drops, which tends to extend moves; in long gamma it leans against them.

Positive (green) strikes are where dealers are long gamma and hedge against the move; negative (pink) strikes are where they are short and hedge with it. These are closing levels: where hedging was concentrated last night, not targets.

These are the October 20, 2026 closing numbers. Members see ASO's map move live all session.

Common questions

What is ASO's gamma exposure?

At the October 20, 2026 close, ASO's net dealer gamma exposure was +$587K: long gamma.

Where is ASO's call wall?

60, +0.6% from the 59.65 close on October 20, 2026.

Where is ASO's put wall?

50, −16.2% from the close on October 20, 2026.

Compare: gamma exposure by strike on other tickers

Measured from the closing options book and rebuilt after every close. Nothing on this page is live. Levels are where dealer hedging is concentrated, not targets or forecasts. Not investment advice.