FANG
Diamondback EnergyPrices and gamma are point-in-time snapshots taken at the time shown. Dealer positioning is an assumption, not an observable: open interest shows that a contract exists, never which side a dealer holds. How dealer gamma is computed.
LIVE MARKET SNAPSHOT
| Call Wall | 220 |
| Put Wall | 200 |
| GEX Flip | 210 |
| Vol Trigger | 210 |
| Net GEX | $9.7M |
Cached snapshot as of 2026-09-16 09:10 UTC, live streaming data in the terminal.
FANG DEALER GAMMA BY STRIKE
Part of the SquawkFlow GEX Calculator: gamma by strike for any US stock. Compare with SPX GEX.
Net gamma exposure at each strike near FANG's spot price, signed from the dealer perspective, calls positive, puts negative. Green strikes are where hedging tends to dampen moves; red is where it tends to amplify them. Dealer positioning is an assumption rather than an observable, so treat these as a map of where hedging pressure concentrates, not a forecast.
Unit: USD of dealer gamma per 1 percent move in spot. A window of the FANG option chain, not the whole book: 30 strikes around spot, 650 contract rows spanning 11 expirations. Gamma is taken as the chain publishes it per contract; nothing here is re-priced. Crossed with the open interest carried on that chain.
New to these levels? Start with the call wall and put wall, or the zero gamma level where the sign of dealer hedging flips.
| Strike | Net GEX | Call GEX | Put GEX | Concentration |
|---|---|---|---|---|
| 110 | $0 | $0 | $0 | |
| 115 | $0 | $0 | $0 | |
| 120 | -$12.0K | $0 | -$12.0K | |
| 125 | -$28.3K | $0 | -$28.3K | |
| 130 | -$34.4K | $0 | -$34.4K | |
| 135 | -$5.8K | $0 | -$5.8K | |
| 140 | -$8.8K | $0 | -$8.8K | |
| 145 | -$17.4K | $0 | -$17.4K | |
| 150 | $0 | $0 | $0 | |
| 155 | $0 | $0 | $0 | |
| 160 | -$13.4K | $0 | -$13.4K | |
| 165 | -$38.0K | $9.2K | -$47.2K | |
| 170 | -$127.4K | $0 | -$127.4K | |
| 175 | -$88.6K | $22.7K | -$111.4K | |
| 180 | -$71.5K | $0 | -$71.5K | |
| 185 | $9.4K | $20.6K | -$11.1K | |
| 190 | $68.1K | $424.7K | -$356.5K | |
| 195 | $368.5K | $630.1K | -$261.6K | |
| 200PUT WALL | -$315.4K | $1.3M | -$1.6M | |
| 210SPOTGEX FLIP | $2.8M | $3.7M | -$838.0K | |
| 220CALL WALL | $4.9M | $4.9M | $0 | |
| 230 | $1.4M | $1.4M | -$48.5K | |
| 240 | $649.2K | $649.2K | $0 | |
| 250 | $71.6K | $71.6K | $0 | |
| 260 | $69.0K | $69.0K | $0 | |
| 270 | $0 | $0 | $0 | |
| 280 | $0 | $0 | $0 | |
| 290 | $44.4K | $44.4K | $0 | |
| 300 | $83.2K | $83.2K | $0 | |
| 310 | $405 | $405 | $0 |
These levels were captured September 16, 2026 from the open interest carried on the option chain. New levels post before each market open. Today's SPX gamma levels.
ABOUT FANG
Diamondback Energy is a pure-play Permian Basin E&P company focused on the Midland and Delaware Basins in West Texas. Known for its low-cost operations and capital efficiency, Diamondback became one of the largest Permian operators through its merger with Endeavor Energy Resources, adding significant undeveloped acreage.
WHY TRACK FANG ON SQUAWKFLOW
FANG options flow is a concentrated Permian Basin production signal. Institutional call buying often appears ahead of well productivity data, and flow reflects real-time sentiment on Permian economics.
FANG DATA ON SQUAWKFLOW
Options Flow
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Latest Snapshot
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AI Narration
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