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GEX strike profile — MSFT spot $381.00 · flip $385.54 · 2026-07-23 · negative-gamma · 6 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 $
417.520
2,197+222965
415652
12,160+6M
412.5102
2,150+529689
4101,235
15,007+6M
407.5187
2,841+708770
4051,665
9,083+4M
402.5944
2,682+479932
400call wall2,645
26,066+18M
397.51,311
4,027+847368
3954,497
8,368+5M
392.51,291
6,362+8M
3903,722
12,839+19M
387.52,324
1,795-652365
385⊘ flip4,936
3,628-13M
382.52,650
482-21M
3808,297
3,368-44M
377.51,903
240-14M
3756,461
1,565-23M
372.51,440
121-4M
370put wall12,808
4,356-12M
367.51,519
202-1M
3656,337
1,405-5M
362.52,336
116-542193
3607,074
1,347-5M
357.51,963
78-187896
3554,777
655-2M
352.5581
175-83679
35012,181
1,689-6M
347.5325
15-104091
3454,450
333-2M

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