# GLD — GEX Heatmap · GammaGrid demo

**Gamma weather: Clear.** Positive gamma with the flip far off — dealer hedging is damping moves. *(next 26 days · 9 expiries)*

| Level | Value |
|---|---|
| Price | 398.77 |
| Call wall | 430.00 |
| Put wall | 400.00 |
| Gamma flip | 414.04 |
| Net GEX | 192.4 M |

## Gamma exposure across expiries

Net dealer gamma per expiry (the columns of the heatmap), and the walls and the gamma flip as they stand with more expiries folded in — the heatmap's depth slider.

| Expiry | Net GEX | Contracts |
|---|---|---|
| 2026-09-14 | -0.3 M | 38 |
| 2026-09-15 | 0.4 M | 59 |
| 2026-09-16 | 0.2 M | 55 |
| 2026-09-17 | -4.5 M | 35 |
| 2026-09-18 | 202.4 M | 433 |
| 2026-09-25 | -5.5 M | 260 |

| Expiries folded in | Call wall | Put wall | Gamma flip |
|---|---|---|---|
| 1 | 420.00 | 390.00 | — |
| 2 | 420.00 | 390.00 | 420.43 |
| 3 | 420.00 | 390.00 | 419.75 |
| 4 | 420.00 | 405.00 | — |
| 5 | 430.00 | 400.00 | 409.57 |
| 6 | 430.00 | 400.00 | 409.90 |

## About these numbers

Computed by GammaGrid from the GLD options chain — dealer gamma exposure, max pain and the walls are GammaGrid's own arithmetic over open interest; the source data is delayed. Collected 2026-09-13T04:09:44.496588 UTC; this page follows the collection, roughly every fifteen minutes while the market is open.

Other views of GLD: [Overview](https://app.gammagrid.io/demo/t/GLD.md) · [Max Pain / GEX](https://app.gammagrid.io/demo/t/GLD/max-pain.md) · [Volatility (IV)](https://app.gammagrid.io/demo/t/GLD/volatility.md).

Canonical page: <https://app.gammagrid.io/demo/t/GLD/heatmap> · The demo shows the free list only; a GammaGrid account watches any US-listed ticker with options, replays earlier collections and opens every contract: <https://app.gammagrid.io/>