# XLRE — Volatility (IV) · 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 |

## Implied volatility

Volume-weighted average IV across the chain: **29.5%** at the latest collection, against 31.8% 365 days back at the start of the window (7 collections). The page draws the series and the IV by strike for every expiry.

## 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: [Overview](https://app.gammagrid.io/demo/t/XLRE.md) · [Max Pain / GEX](https://app.gammagrid.io/demo/t/XLRE/max-pain.md) · [GEX Heatmap](https://app.gammagrid.io/demo/t/XLRE/heatmap.md).

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