JPMorgan BetaBuilders International Equity ETF (BBIN) Gamma Exposure (GEX) & Greeks
Gamma exposure (GEX) analysis shows how options positioning creates dealer hedging pressure across strikes. Includes delta, vanna, charm, vomma, and vega exposure by strike price.
JPMorgan BetaBuilders International Equity ETF (BBIN) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $6.37B, listed on CBOE, carrying a beta of 0.89 to the broader market. The fund will invest at least 80% of its assets in securities included in the underlying index. public since 2019-12-09.
Snapshot as of May 15, 2026.
- Spot Price
- $76.58
- Net Gamma
- -$571
- Net Delta
- $1.5K
- Net Vega
- -$45
- Gamma Concentration
- 0.28
As of May 15, 2026, JPMorgan BetaBuilders International Equity ETF (BBIN) has negative net gamma exposure of $571 under the standard dealer-hedging convention. Net delta exposure is $1.5K. Negative GEX means dealers are net short gamma: they must sell into weakness and buy into strength, amplifying realized volatility and accelerating directional moves.
BBIN Strategy Sizing in the Current GEX Regime
JPMorgan BetaBuilders International Equity ETF is in a negative dealer-gamma regime ($571). Net dealer delta of $1.5K sets the size of the directional hedging flow that fires as spot moves. In this regime, momentum and breakout strategies fit the regime: long calls or puts, ratio backspreads, calendar spreads positioned for vol expansion. Realized volatility tends to overshoot implied during negative-gamma stretches, hurting indiscriminate short-vol exposure. The gamma-flip level - the spot price at which net dealer gamma changes sign - is the most actionable anchor for sizing: through-flip moves trigger qualitatively different hedging behavior than within-regime moves, so risk-defined structures sized to the current spot may not stay sized correctly if a flip is near.
Learn how gamma exposure is reported and how to read the data →
Frequently asked BBIN gamma exposure (gex) & greeks questions
- What is the current BBIN gamma exposure (GEX)?
- As of May 15, 2026, JPMorgan BetaBuilders International Equity ETF (BBIN) net gamma exposure is negative at $571 under the standard dealer-hedging convention. Net dealer delta exposure is $1.5K. GEX aggregates the gamma sitting on dealer books across all listed strikes and expirations.
- Is BBIN in positive or negative dealer gamma right now?
- BBIN is currently in negative dealer gamma. Dealers net short gamma must sell into weakness and buy into strength to maintain delta-neutrality, which amplifies realized volatility and tends to accelerate directional moves.
- What does BBIN GEX tell options traders?
- GEX is a regime indicator: positive-gamma regimes favor mean-reverting strategies (premium-selling near established ranges); negative-gamma regimes favor momentum and breakout strategies. The same options-strategy structure can be appropriate or inappropriate depending on the dealer-gamma regime, so reading the sign and magnitude of net GEX before sizing positions is standard practice.