XLF
Financial Select Sector SPDR FundPrices 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 | 57 |
| Put Wall | 56 |
| GEX Flip | 57.5 |
| Net GEX | -$183.9M |
Cached snapshot as of 2026-09-16 06:05 UTC, live streaming data in the terminal.
XLF 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 XLF'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 XLF option chain, not the whole book: the 30 strikes nearest spot out of 58 seen, 2,088 contract rows spanning 29 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 |
|---|---|---|---|---|
| 50 | -$21.1M | $3.1M | -$24.2M | |
| 50.5 | $0 | $0 | $0 | |
| 51 | -$5.6M | $18.0K | -$5.6M | |
| 51.5 | $0 | $0 | $0 | |
| 52 | -$9.1M | $4.9M | -$13.9M | |
| 52.5 | $0 | $0 | $0 | |
| 53 | -$5.2M | $6.9M | -$12.1M | |
| 53.5 | -$4.6K | $0 | -$4.6K | |
| 54 | -$19.2M | $11.4M | -$30.6M | |
| 54.5 | -$338.5K | $7.4K | -$345.9K | |
| 55 | $25.7M | $81.8M | -$56.2M | |
| 55.5 | -$1.5M | $17.3K | -$1.5M | |
| 56PUT WALL | -$139.3M | $44.9M | -$184.2M | |
| 56.5 | -$8.2M | $759.3K | -$9.0M | |
| 57SPOTCALL WALL | -$70.4M | $113.0M | -$183.4M | |
| 57.5GEX FLIP | $2.2M | $4.3M | -$2.1M | |
| 58 | -$13.8M | $70.7M | -$84.5M | |
| 58.5 | $872.9K | $873.7K | -$777 | |
| 59 | $17.9M | $18.7M | -$815.6K | |
| 59.5 | $31.3K | $31.3K | $0 | |
| 60 | $40.2M | $40.8M | -$617.4K | |
| 60.5 | $8.3M | $8.3M | $0 | |
| 61 | $2.8M | $2.8M | -$6.1K | |
| 61.5 | $0 | $0 | $0 | |
| 62 | $10.8M | $11.2M | -$390.0K | |
| 62.5 | $0 | $0 | $0 | |
| 63 | $762.8K | $762.8K | $0 | |
| 63.5 | $0 | $0 | $0 | |
| 64 | $352.7K | $352.7K | $0 | |
| 64.5 | $0 | $0 | $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 XLF
XLF tracks the financial sector of the S&P 500, including major banks (JPMorgan, Bank of America, Wells Fargo), insurance companies (Berkshire Hathaway), asset managers, and capital markets firms. It is the primary vehicle for expressing directional views on the U.S. financial sector.
WHY TRACK XLF ON SQUAWKFLOW
XLF options flow is the primary financial sector directional signal. Put/call ratios shift heavily around Fed rate decisions, bank earnings season, and credit stress events, making it essential for monitoring systemic risk sentiment.
XLF DATA ON SQUAWKFLOW
Options Flow
XLF options flow, unusual activity, and volume concentrations from the session chain
Latest Snapshot
Last XLF price, change, volume, and the current dealer-gamma regime
GEX Dashboard
XLF gamma exposure levels, call/put walls, and GEX flip
AI Narration
AI-powered analysis of XLF market microstructure in real time
News Sentiment
XLF news with AI sentiment scoring and impact analysis
Sector Context
ETFs/Indices sector rotation and relative strength vs peers
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