MS
Morgan StanleyPrices 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 | 210 |
| Put Wall | 200 |
| GEX Flip | 215 |
| Net GEX | -$14.7M |
Cached snapshot as of 2026-09-16 06:12 UTC, live streaming data in the terminal.
MS 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 MS'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 MS option chain, not the whole book: the 30 strikes nearest spot out of 56 seen, 1,242 contract rows spanning 18 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 |
|---|---|---|---|---|
| 165 | -$453.0K | $0 | -$453.0K | |
| 170 | -$1.9M | $69.4K | -$2.0M | |
| 175 | -$1.5M | $86.4K | -$1.5M | |
| 180 | -$2.2M | $238.3K | -$2.4M | |
| 185 | -$2.2M | $606.0K | -$2.8M | |
| 187.5 | $0 | $0 | $0 | |
| 190 | -$4.5M | $545.0K | -$5.1M | |
| 192.5 | -$95.9K | $1.5K | -$97.3K | |
| 195 | -$3.2M | $1.3M | -$4.6M | |
| 197.5 | -$214.8K | $0 | -$214.8K | |
| 200PUT WALL | -$4.3M | $9.9M | -$14.2M | |
| 202.5 | -$5.6M | $37.2K | -$5.6M | |
| 205 | -$1.3M | $158.0K | -$1.5M | |
| 207.5SPOT | -$365.0K | $317.4K | -$682.5K | |
| 210CALL WALL | -$3.1M | $9.1M | -$12.2M | |
| 212.5 | -$1.0M | $423.1K | -$1.4M | |
| 215GEX FLIP | $1.4M | $1.6M | -$222.1K | |
| 217.5 | $616.7K | $616.7K | $0 | |
| 220 | $5.4M | $7.8M | -$2.5M | |
| 222.5 | $127.9K | $127.9K | $0 | |
| 225 | $353.0K | $353.0K | $0 | |
| 227.5 | $38.7K | $38.7K | $0 | |
| 230 | $4.8M | $5.1M | -$281.1K | |
| 232.5 | $21.7K | $21.7K | $0 | |
| 235 | $255.4K | $255.4K | $0 | |
| 237.5 | $0 | $0 | $0 | |
| 240 | $3.1M | $3.1M | -$6.6K | |
| 242.5 | $0 | $0 | $0 | |
| 245 | $7.4K | $7.4K | $0 | |
| 250 | $1.1M | $1.1M | $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 MS
Morgan Stanley operates in institutional securities (investment banking, trading), wealth management (advisor-led financial planning), and investment management. The acquisition of E*TRADE and Eaton Vance expanded its wealth and asset management reach significantly.
WHY TRACK MS ON SQUAWKFLOW
MS options flow reflects wealth management growth trends and institutional trading volumes. Wealth management fee-based asset flows are a key metric driving options positioning. Capital markets revenue expectations create earnings-related volatility.
MS DATA ON SQUAWKFLOW
Options Flow
MS options flow, unusual activity, and volume concentrations from the session chain
Latest Snapshot
Last MS price, change, volume, and the current dealer-gamma regime
GEX Dashboard
MS gamma exposure levels, call/put walls, and GEX flip
AI Narration
AI-powered analysis of MS market microstructure in real time
News Sentiment
MS news with AI sentiment scoring and impact analysis
Sector Context
Finance sector rotation and relative strength vs peers
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