# XLI — 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 · 4 expiries)*

| Level | Value |
|---|---|
| Price | 168.79 |
| Call wall | 175.00 |
| Put wall | 170.00 |
| Gamma flip | — |
| Net GEX | -44.0 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 |
|---|---|---|
| 2026-11-13 | 0.3 M | 67 |
| 2026-11-20 | -44.2 M | 131 |
| 2026-11-27 | -0.1 M | 59 |
| 2026-12-04 | -0.0 M | 58 |
| 2026-12-11 | 0.3 M | 44 |
| 2026-12-18 | -4.3 M | 170 |

| Expiries folded in | Call wall | Put wall | Gamma flip |
|---|---|---|---|
| 1 | 176.00 | 162.00 | 175.96 |
| 2 | 175.00 | 170.00 | — |
| 3 | 175.00 | 170.00 | — |
| 4 | 175.00 | 170.00 | — |
| 5 | 175.00 | 170.00 | — |
| 6 | 195.00 | 170.00 | — |

## About these numbers

Computed by GammaGrid from the XLI options chain — dealer gamma exposure, max pain and the walls are GammaGrid's own arithmetic over open interest; the source data is delayed. Collected 2026-11-09T17:10:05.334788 UTC; this page follows the collection, roughly every fifteen minutes while the market is open.

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

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