SOXX gamma exposure by strike

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

SOXX closed at 500.01 on October 20, 2026 with dealers net short $149M of gamma. The call wall was 520 (+4.0%), the put wall 500 (at the close) and the apex, the single largest gamma strike, 500.

−$149M
Net gamma
520
Call wall
+4.0%
500
Put wall
at the close
None
Gamma flip
short at every strike

SOXX largest gamma strikes within 4% of the close

Strikeshort ← dealer gamma → long
520
+$8.9M
515
−$1.9M
512.5
+$2.1M
510
−$13.7M
505
−$3.5M
— close 500.01 —
500
−$38.1M
495
−$3.5M
490
−$14.4M
485
−$15.2M

The heaviest strike on the October 20, 2026 book was 500, carrying −$38.1M of dealer gamma, at the close from the close.

SOXX closed with dealers short gamma on 37 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 SOXX's map move live all session.

Common questions

What is SOXX's gamma exposure?

At the October 20, 2026 close, SOXX's net dealer gamma exposure was −$149M: short gamma.

Where is SOXX's call wall?

520, +4.0% from the 500.01 close on October 20, 2026.

Where is SOXX's put wall?

500, at the close 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.