Net gamma exposure for Northrop Grumman Corp (NOC) options was negative at the Nov 4, 2026 close, about $2.06M per 1% move in the stock. It has been positive on 12 of the last 20 trading days. With negative gamma, dealer hedging tends to follow price moves, which can make swings larger.
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Gamma Exposure by Strike
Showing results for NOC, 2026-11-20(m), calls & puts
Gamma Exposure Stats
Showing results for NOC, 2026-11-20(m), calls & puts
Net Gamma Exposure by Expiration
Showing results for NOC, 2026-11-20(m), calls & puts. View all expiries
| Expiration | Net GEX | Call GEX | Put GEX | Call Wall | Put Wall | Gamma Flip |
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NOC 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 NOC gamma exposure positive or negative?
Northrop Grumman net gamma exposure was negative on Nov 4, 2026, at -$2.06M. It has been positive on 12 of the last 20 trading days.
How has NOC gamma exposure changed recently?
Northrop Grumman net gamma exposure went from -$6.97M on Oct 7, 2026 to -$2.06M on Nov 4, 2026. See the NOC gamma exposure history for a longer view.
What is Northrop Grumman Corp?
Northrop Grumman is a diversified defense contractor providing aeronautics, defense, and space systems.