# XLY — Volatility (IV) · 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 | 121.11 |
| Call wall | 114.00 |
| Put wall | 105.00 |
| Gamma flip | 113.89 |
| Net GEX | 4.9 M |

## Implied volatility

Volume-weighted average IV across the chain: **42.5%** at the latest collection, against 42.5% 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 XLY options chain — dealer gamma exposure, max pain and the walls are GammaGrid's own arithmetic over open interest; the source data is delayed. Collected 2026-11-09T17:11:02.397077 UTC; this page follows the collection, roughly every fifteen minutes while the market is open.

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

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