# XLF — GEX Heatmap · GammaGrid demo

**Gamma weather: Clear.** Positive gamma with the flip far off — dealer hedging is damping moves. *(next 25 days · 8 expiries)*

| Level | Value |
|---|---|
| Price | 58.01 |
| Call wall | 56.00 |
| Put wall | 54.00 |
| Gamma flip | 59.76 |
| Net GEX | 30.8 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 | 8.0 M | 47 |
| 2026-11-11 | -1.5 M | 46 |
| 2026-11-13 | 5.2 M | 53 |
| 2026-11-16 | -0.2 M | 32 |
| 2026-11-18 | -0.4 M | 30 |
| 2026-11-20 | 20.3 M | 83 |

| Expiries folded in | Call wall | Put wall | Gamma flip |
|---|---|---|---|
| 1 | 59.00 | 54.00 | 57.72 |
| 2 | 58.00 | 53.00 | 57.82 |
| 3 | 60.00 | 55.00 | 57.93 |
| 4 | 60.00 | 55.00 | 57.96 |
| 5 | 60.00 | 55.00 | 57.97 |
| 6 | 56.00 | 54.00 | 59.74 |

## About these numbers

Computed by GammaGrid from the XLF options chain — dealer gamma exposure, max pain and the walls are GammaGrid's own arithmetic over open interest; the source data is delayed. Collected 2026-11-09T17:09:17.811971 UTC; this page follows the collection, roughly every fifteen minutes while the market is open.

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

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