OUST gamma exposure by strike

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

OUST closed at 29.65 on October 20, 2026 with dealers net short $242K of gamma. The call wall was 31.5 (+6.2%), the put wall 30 (+1.2%) and the apex, the single largest gamma strike, 30.

−$242K
Net gamma
31.5
Call wall
+6.2%
30
Put wall
+1.2%
None
Gamma flip
short at every strike

OUST largest gamma strikes within 4% of the close

Strikeshort ← dealer gamma → long
30.5
+$6K
30
−$110K
— close 29.65 —
29.5
+$3K
29
−$109K
28.5
−$19K

The heaviest strike on the October 20, 2026 book was 30, carrying −$110K of dealer gamma, +1.2% from the close.

OUST closed with dealers short gamma on 23 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 OUST's map move live all session.

Common questions

What is OUST's gamma exposure?

At the October 20, 2026 close, OUST's net dealer gamma exposure was −$242K: short gamma.

Where is OUST's call wall?

31.5, +6.2% from the 29.65 close on October 20, 2026.

Where is OUST's put wall?

30, +1.2% 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.