# XLE — GEX Heatmap · GammaGrid demo

**Gamma weather: Storm.** This chain has no gamma flip within 25% of the price, so only the sign of gamma is known — negative, hedging amplifies moves. *(next 25 days · 8 expiries)*

| Level | Value |
|---|---|
| Price | 62.08 |
| Call wall | 70.00 |
| Put wall | 60.00 |
| Gamma flip | — |
| Net GEX | -108.5 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 |
|---|---|---|
| 2026-11-09 | -19.3 M | 37 |
| 2026-11-11 | -3.7 M | 27 |
| 2026-11-13 | -22.6 M | 71 |
| 2026-11-16 | 0.0 M | 22 |
| 2026-11-18 | 0.0 M | 25 |
| 2026-11-20 | -52.8 M | 107 |

| Expiries folded in | Call wall | Put wall | Gamma flip |
|---|---|---|---|
| 1 | 64.00 | 60.00 | — |
| 2 | 64.00 | 60.00 | — |
| 3 | 62.00 | 60.00 | — |
| 4 | 62.00 | 60.00 | — |
| 5 | 62.00 | 60.00 | — |
| 6 | 70.00 | 60.00 | — |

## About these numbers

Computed by GammaGrid from the XLE options chain — dealer gamma exposure, max pain and the walls are GammaGrid's own arithmetic over open interest; the source data is delayed. Collected 2026-11-09T17:07:22.586034 UTC; this page follows the collection, roughly every fifteen minutes while the market is open.

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

Canonical page: <https://app.gammagrid.io/demo/t/XLE/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/>