What is the current KOMP gamma exposure (GEX)?

As of May 15, 2026, State Street SPDR S&P Kensho New Economies Composite ETF (KOMP) net gamma exposure is positive at $3.2K under the standard dealer-hedging convention. Net dealer delta exposure is -$239.5K. GEX aggregates the gamma sitting on dealer books across all listed strikes and expirations.

Is KOMP in positive or negative dealer gamma right now?

KOMP is currently in positive dealer gamma. Dealers net long gamma buy underlying weakness and sell into rallies to maintain delta-neutrality, which dampens realized volatility and tends to pin price near heavy open-interest strikes.

What does KOMP 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.

State Street SPDR S&P Kensho New Economies Composite ETF (KOMP) 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.

State Street SPDR S&P Kensho New Economies Composite ETF (KOMP) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $2.66B, listed on AMEX, carrying a beta of 1.58 to the broader market. The State Street SPDR S&P Kensho New Economies Composite ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho New Economies Composite Index (the "Index")Seeks to track an index utilizing artificial intelligence and a quantitative weighting methodology to pursue the potential of a new economy fueled by innovative companies disrupting traditional industries by leveraging advancements in exponential processing power, artificial intelligence, robotics, and automationMay provide an effective way to pursue long-term growth potential by targeting companies within the sectors driving innovation within the new economy public since 2018-10-23.

Snapshot as of May 15, 2026.

Spot Price: $68.13
Net Gamma: $3.2K
Net Delta: -$239.5K
Net Vega: -$161
Gamma Concentration: 0.29

As of May 15, 2026, State Street SPDR S&P Kensho New Economies Composite ETF (KOMP) has positive net gamma exposure of $3.2K under the standard dealer-hedging convention. Net delta exposure is -$239.5K. Positive GEX means dealers are net long gamma: they buy into dips and sell into rallies, damping realized volatility and often causing price to pin near heavy open-interest strikes.

KOMP Strategy Sizing in the Current GEX Regime

State Street SPDR S&P Kensho New Economies Composite ETF is in a positive dealer-gamma regime ($3.2K). Net dealer delta of -$239.5K sets the size of the directional hedging flow that fires as spot moves. In this regime, mean-reverting strategies fit the regime: credit spreads, iron condors, covered calls near established ranges. Realized volatility tends to undershoot implied during positive-gamma stretches, supporting the short-vol structures. 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 KOMP gamma exposure (gex) & greeks questions

What is the current KOMP gamma exposure (GEX)?: As of May 15, 2026, State Street SPDR S&P Kensho New Economies Composite ETF (KOMP) net gamma exposure is positive at $3.2K under the standard dealer-hedging convention. Net dealer delta exposure is -$239.5K. GEX aggregates the gamma sitting on dealer books across all listed strikes and expirations.
Is KOMP in positive or negative dealer gamma right now?: KOMP is currently in positive dealer gamma. Dealers net long gamma buy underlying weakness and sell into rallies to maintain delta-neutrality, which dampens realized volatility and tends to pin price near heavy open-interest strikes.
What does KOMP 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.