What are the SPYV aggregate Greek exposures?

As of May 15, 2026, State Street SPDR Portfolio S&P 500 Value ETF (SPYV) snapshot Greeks are net delta -$4.5M, net gamma $239.2K, net vega -$6.9K. These aggregate the dealer book across all listed strikes and expirations under the standard customer-versus-dealer sign convention.

What does the SPYV net dealer delta tell us?

Net dealer delta of -$4.5M 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 SPYV 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 Portfolio S&P 500 Value ETF (SPYV) 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 Portfolio S&P 500 Value ETF (SPYV) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $34.08B, listed on AMEX, carrying a beta of 0.83 to the broader market. The State Street SPDR Portfolio S&P 500 Value ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 500 Value Index (the "Index")A low cost ETF that seeks to offer exposure to S&P 500 companies that could be undervalued relative to the broader marketThe Index contains stocks that exhibit the strongest value characteristics based on: book value to price ratio; earnings to price ratio; and sales to price ratioOne of the low cost core State Street SPDR Portfolio ETFs, a suite of portfolio building blocks designed to provide broad, diversified exposure to core asset classes public since 2000-10-02.

Snapshot as of May 15, 2026.

Spot Price: $59.89
Net Gamma: $239.2K
Net Delta: -$4.5M
Net Vega: -$6.9K
ATM IV: 12.9%
Gamma Concentration: 0.21

As of May 15, 2026, State Street SPDR Portfolio S&P 500 Value ETF (SPYV) aggregate Greeks are net delta -$4.5M, net gamma $239.2K, net vega -$6.9K, ATM IV 12.9%. Gamma concentration is 0.21: 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 SPYV options greeks Data Feeds Strategy Selection

Strategy selection on State Street SPDR Portfolio S&P 500 Value 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 12.9% 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 SPYV options greeks questions

What are the SPYV aggregate Greek exposures?: As of May 15, 2026, State Street SPDR Portfolio S&P 500 Value ETF (SPYV) snapshot Greeks are net delta -$4.5M, net gamma $239.2K, net vega -$6.9K. These aggregate the dealer book across all listed strikes and expirations under the standard customer-versus-dealer sign convention.
What does the SPYV net dealer delta tell us?: Net dealer delta of -$4.5M 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 SPYV 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.