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GEX strike profile — SPCX spot $118.23 · flip $128.33 · 2026-07-23 · negative-gamma · 3 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 $
130call wall12,043
24,311+2M
1291,565
2,879+255622
128⊘ flip2,166
5,120+476531
1272,012
3,775+502094
1262,093
3,137+567551
12520,212
13,252-1M
1243,835
4,431+206157
1233,870
4,695+740013
1225,960
3,514-2M
1214,128
2,053-2M
12026,030
8,916-9M
1193,932
1,623-1M
1183,888
2,214-1M
1176,525
2,232-5M
1164,217
1,068-2M
115put wall34,458
2,585-16M
1143,060
400-2M
1133,334
129-2M
1124,028
186-2M
1113,404
94-1M
11030,246
1,053-8M
1091,475
65-286672
1081,923
99-280097
1071,064
47-156363

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