# XLU — GEX Heatmap · GammaGrid demo

**Gamma weather: Clear.** Positive gamma with the flip far off — dealer hedging is damping moves. *(next 25 days · 4 expiries)*

| Level | Value |
|---|---|
| Price | 43.87 |
| Call wall | 41.00 |
| Put wall | 40.00 |
| Gamma flip | 39.69 |
| Net GEX | 77.7 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 | -0.9 M | 41 |
| 2026-11-20 | 78.9 M | 55 |
| 2026-11-27 | 2.0 M | 33 |
| 2026-12-04 | -2.3 M | 33 |
| 2026-12-11 | -0.1 M | 28 |
| 2026-12-18 | 56.5 M | 143 |

| Expiries folded in | Call wall | Put wall | Gamma flip |
|---|---|---|---|
| 1 | 45.00 | 43.50 | — |
| 2 | 41.00 | 40.00 | 39.67 |
| 3 | 41.00 | 40.00 | 39.69 |
| 4 | 41.00 | 40.00 | 39.69 |
| 5 | 41.00 | 40.00 | 39.70 |
| 6 | 41.00 | 25.00 | 40.56 |

## About these numbers

Computed by GammaGrid from the XLU options chain — dealer gamma exposure, max pain and the walls are GammaGrid's own arithmetic over open interest; the source data is delayed. Collected 2026-11-09T17:11:08.128946 UTC; this page follows the collection, roughly every fifteen minutes while the market is open.

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

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