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GEX strike profile — DOV spot $197.80 · 2026-07-23 · negative-gamma · 1 expiries, 29–29 DTE

Each row is a strike, summed across ALL expiries in the window above (front ~3 weeks of the board — not 0DTE, not a single expiry). Bar = net dealer gamma at that strike (green right = positive/pinning, red left = negative/amplifying). Put OI / call OI show where contracts are actually open — the positioning distribution behind the walls. Highlighted row ≈ spot.

strikeput OInet γ per strikecall OIγ $
2204
196+92585
210call wall1,453
421-858035
20013
2-11394
195put wall162
1-153688
19017
0-14950
1852
0-1302
18019
1-8182
1750
1+354
17010
0-2740

Dealer-sign convention assumed (long calls / short puts); OI is end-of-day lagged. High-traffic zones, not prophecy.