380
400
420
440
460
480
500
520
540
−$2.50
−$2.00
−$1.50
−$1.00
−$0.50
$0.00
$0.50
$1.00
Total Gamma: $-8.68 Bn per 1% SPY Move
Strike
Spot Gamma Exposure ($ billions/1% move)
plotly-logomark