Net gamma exposure for Grayscale Bitcoin Trust ETF (GBTC) options was positive at the Nov 11, 2026 close, about $947.29K per 1% move in the stock. It has been positive on 20 of the last 20 trading days. With positive gamma, dealer hedging tends to lean against price moves, which can dampen swings.
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Gamma Exposure by Strike
Showing results for GBTC, 2026-11-13(w), calls & puts
Gamma Exposure Stats
Showing results for GBTC, 2026-11-13(w), calls & puts
| Net GEX ($ per 1% move) | $125.55K |
|---|---|
| Call GEX ($ per 1% move) | $196.43K |
| Put GEX ($ per 1% move) | -$70.87K |
| Call Wall | |
| Put Wall | |
| Gamma Flip (Zero Gamma) |
Net Gamma Exposure by Expiration
Showing results for GBTC, 2026-11-13(w), calls & puts. View all expiries
| Expiration | Net GEX | Call GEX | Put GEX | Call Wall | Put Wall | Gamma Flip |
|---|---|---|---|---|---|---|
| Nov 13, 2026 0 DTE weekly | $125.55K | $196.43K | -$70.87K |
GBTC Gamma Exposure FAQ
What is gamma exposure (GEX)?
Gamma exposure estimates how much stock option dealers must buy or sell to stay hedged for each 1% move in the underlying.
Is GBTC gamma exposure positive or negative?
GBTC net gamma exposure was positive on Nov 11, 2026, at $947.29K. It has been positive on 20 of the last 20 trading days.
How has GBTC gamma exposure changed recently?
GBTC net gamma exposure went from $2.52M on Oct 14, 2026 to $947.29K on Nov 11, 2026. See the GBTC gamma exposure history for a longer view.