XLK
Technology 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 | 185 |
| Put Wall | 175 |
| GEX Flip | 186 |
| Net GEX | -$59.3M |
Cached snapshot as of 2026-09-16 09:09 UTC, live streaming data in the terminal.
XLK 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 XLK'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 XLK option chain, not the whole book: the 30 strikes nearest spot out of 92 seen, 1,430 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 |
|---|---|---|---|---|
| 172.5 | -$708.3K | $111.4K | -$819.7K | |
| 173 | -$36.1K | $1.1K | -$37.2K | |
| 174 | -$15.0K | $0 | -$15.0K | |
| 175PUT WALL | -$12.7M | $455.4K | -$13.1M | |
| 176 | -$1.4M | $0 | -$1.4M | |
| 177 | -$1.1M | $0 | -$1.1M | |
| 177.5 | -$1.2M | $1.2M | -$2.4M | |
| 178 | -$11.6M | $6.0K | -$11.6M | |
| 179 | -$2.0M | $0 | -$2.0M | |
| 180 | -$6.0M | $5.8M | -$11.8M | |
| 181 | -$711.6K | $0 | -$711.6K | |
| 182 | -$4.0M | $54.0K | -$4.0M | |
| 182.5 | -$8.7M | $0 | -$8.7M | |
| 183 | -$1.1M | $152.5K | -$1.3M | |
| 184 | -$2.2M | $1.3M | -$3.5M | |
| 185SPOTCALL WALL | -$15.3M | $14.9M | -$30.2M | |
| 186GEX FLIP | $196.4K | $380.1K | -$183.7K | |
| 187 | $359.6K | $629.8K | -$270.2K | |
| 187.5 | $1.5M | $3.5M | -$1.9M | |
| 188 | $591.6K | $852.5K | -$261.0K | |
| 189 | $487.5K | $933.2K | -$445.7K | |
| 190 | $1.1M | $11.2M | -$10.1M | |
| 191 | $266.4K | $266.4K | $0 | |
| 192 | $275.3K | $286.2K | -$10.9K | |
| 192.5 | $1.2M | $1.2M | $0 | |
| 193 | $645.8K | $645.8K | $0 | |
| 194 | $488.7K | $488.7K | $0 | |
| 195 | $2.1M | $2.8M | -$738.8K | |
| 196 | $69.7K | $69.7K | $0 | |
| 197 | $165.1K | $165.1K | $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 XLK
XLK tracks the technology sector of the S&P 500, with Apple and Microsoft together comprising a significant portion of the fund. Unlike QQQ, XLK is a pure technology sector play that excludes consumer discretionary and communication services names like Amazon, Alphabet, and Meta.
WHY TRACK XLK ON SQUAWKFLOW
XLK options flow is a pure tech sector signal, distinct from QQQ. Institutional rotation between XLK and other sector SPDRs signals factor and sector allocation shifts in real time.
XLK DATA ON SQUAWKFLOW
Options Flow
XLK options flow, unusual activity, and volume concentrations from the session chain
Latest Snapshot
Last XLK price, change, volume, and the current dealer-gamma regime
GEX Dashboard
XLK gamma exposure levels, call/put walls, and GEX flip
AI Narration
AI-powered analysis of XLK market microstructure in real time
News Sentiment
XLK news with AI sentiment scoring and impact analysis
Sector Context
ETFs/Indices sector rotation and relative strength vs peers
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What is Gamma Exposure (GEX)? A Complete GuideUnderstanding gamma exposure and how dealer hedging creates support and resistance levels in the market.