KE Holdings Inc. (BEKE) Gamma Exposure

Net dealer gamma exposure in KE Holdings Inc. (BEKE) options is $11.02M — dealers are net long gamma. Gamma exposure (GEX) estimates how much market makers must re-hedge as BEKE moves. This page maps that exposure strike by strike, marks the gamma flip level, and explains what the hedging pressure means for price behavior in plain English.

Data as of Jul 10, 2026, 8:00 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close
$15.66
52-week range
$14.01 – $20.40
ATM IV (30d)
56.1%
IV rank
20 / 100
Low
Expected move
±$1.22 (±7.8%)
Put/call OI
0.44
Call-heavy
Max pain
$17
↑ 8.6% above close

BEKE Gamma Exposure by Strike

-$29M-$14M$0$14M$29MCall GEXPut GEXCumulative GEXSpot1213141516171819

BEKE call GEX (green, above) and put GEX (red, below) by strike, with the cumulative net GEX line (blue). The line crosses zero at the gamma flip level — where net dealer positioning switches from stabilising to amplifying.

Net gamma exposure (GEX)$11.02M
Net delta exposure-45.68K
Total call open interest44,586
Total put open interest19,422

Net dealer gamma exposure is $11.02M. When dealers are long gamma they sell into rallies and buy dips to stay hedged, which tends to dampen price swings. The single largest gamma concentration sits at the $15 strike, which often acts as a magnet or barrier while dealers hedge around it.

BEKE Net GEX History

-$2M$2M$5M$9M$12MFeb '26May '26Jul '26

BEKE net dealer gamma exposure, past year.

Net dealer gamma exposure has risen from $1.1M in Feb '26 to $11M today.

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BEKE Options FAQ

What is BEKE's gamma exposure (GEX) today?

BEKE's net dealer gamma exposure is $11.02M as of Jul 10, 2026. Positive GEX means dealer hedging leans against the market — selling rallies and buying dips — which tends to dampen swings.

How is BEKE gamma exposure calculated?

OptiView multiplies each open BEKE contract's gamma by its open interest, contract size, and the square of the share price, counting calls as positive and puts as negative dealer exposure. Summing across all strikes and expirations gives net GEX; the per-strike breakdown is shown in the chart above.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.