# XLRE — Overview · GammaGrid demo

**Gamma weather: Clear.** Positive gamma with the flip far off — dealer hedging is damping moves. *(next 39 days · 2 expiries)*

| Level | Value |
|---|---|
| Price | 44.77 |
| Call wall | 41.00 |
| Put wall | 40.00 |
| Gamma flip | 40.83 |
| Net GEX | 2.6 M |

## Put/call ratio

At the latest collection: by volume **0.37**, by open interest **1.22**. The page draws the ratio over 365 days and the implied-volatility surface.

## About these numbers

Computed by GammaGrid from the XLRE options chain — dealer gamma exposure, max pain and the walls are GammaGrid's own arithmetic over open interest; the source data is delayed. Collected 2026-11-09T17:14:10.655674 UTC; this page follows the collection, roughly every fifteen minutes while the market is open.

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

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