LULU gamma exposure by strike

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

LULU closed at 99.94 on October 20, 2026 with dealers net long $4.5M of gamma. The call wall was 104 (+4.1%), the put wall 90 (−9.9%) and the apex, the single largest gamma strike, 104.

+$4.5M
Net gamma
104
Call wall
+4.1%
90
Put wall
−9.9%
103.5
Gamma flip
+3.6%

LULU largest gamma strikes within 4% of the close

Strikeshort ← dealer gamma → long
103
+$606K
102
+$683K
100
+$1.8M
— close 99.94 —
99
+$599K
98
−$562K
97
+$405K

The heaviest strike on the October 20, 2026 book was 100, carrying +$1.8M of dealer gamma, +0.1% from the close.

LULU closed with dealers short gamma on 33 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 LULU's map move live all session.

Common questions

What is LULU's gamma exposure?

At the October 20, 2026 close, LULU's net dealer gamma exposure was +$4.5M: long gamma.

Where is LULU's call wall?

104, +4.1% from the 99.94 close on October 20, 2026.

Where is LULU's put wall?

90, −9.9% 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.