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GEX strike profile — GOOGL spot $317.70 · 2026-07-23 · negative-gamma · 7 expiries, 1–15 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 $
347.5call wall3,166
8,404+550712
34515,832
3,882-4M
342.51,002
1,316-269602
3406,613
2,454-787013
337.51,351
204-391527
3357,632
457-4M
332.52,028
93-2M
3309,495
566-8M
327.52,703
172-2M
3258,511
314-18M
322.53,192
42-14M
32011,649
266-70M
317.54,629
62-39M
3156,342
208-33M
312.51,758
35-8M
310put wall10,075
320-22M
307.51,416
24-1M
3053,807
130-4M
302.5868
21-287259
3006,144
314-3M
297.5254
25-8158
2951,699
288-520650
292.5578
0-22780
2902,026
244-189495

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