What are the KCE aggregate Greek exposures?

As of May 14, 2026, State Street SPDR S&P Capital Markets ETF (KCE) snapshot Greeks are net delta -$205.0K, net gamma $17.8K, net vega -$1.3K. These aggregate the dealer book across all listed strikes and expirations under the standard customer-versus-dealer sign convention.

What does the KCE net dealer delta tell us?

Net dealer delta of -$205.0K represents the directional exposure dealers carry from their option inventory. Dealers continuously hedge this exposure with stock, futures, or correlated instruments, so the size of net delta is also the size of hedge flow that will execute as spot moves.

How do KCE Greeks inform hedging?

Delta tracks first-order directional exposure; gamma tracks how quickly delta changes; vega tracks IV sensitivity. Aggregated dealer Greeks let traders read the dealer-positioning regime: long-gamma regimes mean-revert moves; short-gamma regimes amplify them. Vega exposure indicates how dealer P&L responds to vol shocks and hence the direction of vol-shock hedging flows.

State Street SPDR S&P Capital Markets ETF (KCE) Options Greeks

Options Greeks measure sensitivity to various factors: Delta (price), Gamma (delta change), Theta (time decay), and Vega (volatility). They are essential for risk management and position sizing.

State Street SPDR S&P Capital Markets ETF (KCE) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $458.0M, listed on AMEX, carrying a beta of 1.22 to the broader market. The State Street SPDR S&P Capital Markets ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Capital Markets Select Industry Index (the "Index")Seeks to provide exposure to the capital markets segment of the S&P TMI, which comprises the following sub-industries: Asset Management & Custody Banks, Diversified Capital Markets, Financial Exchanges & Data, and Investment Banking & BrokerageSeeks to track a modified equal weighted index which provides the potential for unconcentrated industry exposure across large, mid and small cap stocksAllows investors to take strategic or tactical positions at a more targeted level than traditional sector based investing public since 2005-11-15.

Snapshot as of May 14, 2026.

Spot Price: $154.41
Net Gamma: $17.8K
Net Delta: -$205.0K
Net Vega: -$1.3K
ATM IV: 20.1%
Gamma Concentration: 0.10

As of May 14, 2026, State Street SPDR S&P Capital Markets ETF (KCE) aggregate Greeks are net delta -$205.0K, net gamma $17.8K, net vega -$1.3K, ATM IV 20.1%. Gamma concentration is 0.10: gamma is more dispersed, reducing any single-strike pinning force. Delta measures directional exposure, gamma measures the rate of delta change, and vega measures sensitivity to implied volatility. Net aggregate Greeks summarize the total dealer book across all strikes and expirations.

How KCE options greeks Data Feeds Strategy Selection

Strategy selection on State Street SPDR S&P Capital Markets ETF options does not derive from any single metric in isolation. The options greeks view above sits inside a broader read: ATM IV currently sits at 20.1% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the options greeks data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.

Learn how options Greeks is reported and how to read the data →

Frequently asked KCE options greeks questions

What are the KCE aggregate Greek exposures?: As of May 14, 2026, State Street SPDR S&P Capital Markets ETF (KCE) snapshot Greeks are net delta -$205.0K, net gamma $17.8K, net vega -$1.3K. These aggregate the dealer book across all listed strikes and expirations under the standard customer-versus-dealer sign convention.
What does the KCE net dealer delta tell us?: Net dealer delta of -$205.0K represents the directional exposure dealers carry from their option inventory. Dealers continuously hedge this exposure with stock, futures, or correlated instruments, so the size of net delta is also the size of hedge flow that will execute as spot moves.
How do KCE Greeks inform hedging?: Delta tracks first-order directional exposure; gamma tracks how quickly delta changes; vega tracks IV sensitivity. Aggregated dealer Greeks let traders read the dealer-positioning regime: long-gamma regimes mean-revert moves; short-gamma regimes amplify them. Vega exposure indicates how dealer P&L responds to vol shocks and hence the direction of vol-shock hedging flows.