Guardant Health, Inc. (GH) Gamma Exposure

Net dealer gamma exposure in Guardant Health, Inc. (GH) options is $37.96M — dealers are net long gamma. Gamma exposure (GEX) estimates how much market makers must re-hedge as GH 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
$158.46
52-week range
$40.94 – $169.05
ATM IV (30d)
52.8%
IV rank
43 / 100
Moderate
Expected move
±$11.59 (±7.3%)
Put/call OI
0.82
Max pain
$120
↓ 24.3% below close
Next earnings
Aug 3, 2026

GH Gamma Exposure by Strike

-$116M-$58M$0$58M$116MCall GEXPut GEXCumulative GEXSpot120130140150160170180190

GH 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)$37.96M
Net delta exposure729.85K
Total call open interest12,920
Total put open interest10,639

Net dealer gamma exposure is $37.96M. 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 $155 strike, which often acts as a magnet or barrier while dealers hedge around it.

GH Net GEX History

-$8M$12M$33M$53M$73MFeb '26May '26Jul '26

GH net dealer gamma exposure, past year.

Net dealer gamma exposure has risen from $59.1K in Feb '26 to $38M today.

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GH Options FAQ

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

GH's net dealer gamma exposure is $37.96M 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 GH gamma exposure calculated?

OptiView multiplies each open GH 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.