Algonquin Power & Utilities Corp. (AQN) 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.
Algonquin Power & Utilities Corp. (AQN) operates in the Utilities sector, specifically the Renewable Utilities industry, with a market capitalization near $4.54B, listed on NYSE, employing roughly 3,786 people, carrying a beta of 0.88 to the broader market. Algonquin Power & Utilities Corp. Led by Roderick K. West, public since 2009-12-29.
Snapshot as of May 15, 2026.
- Spot Price
- $5.75
- Net Gamma
- $39.3K
- Net Delta
- -$1.6M
- Net Vega
- -$2.6K
- Gamma Concentration
- 0.71
As of May 15, 2026, Algonquin Power & Utilities Corp. (AQN) has positive net gamma exposure of $39.3K under the standard dealer-hedging convention. Net delta exposure is -$1.6M. 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.
AQN Strategy Sizing in the Current GEX Regime
Algonquin Power & Utilities Corp. is in a positive dealer-gamma regime ($39.3K). Net dealer delta of -$1.6M 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 AQN gamma exposure (gex) & greeks questions
- What is the current AQN gamma exposure (GEX)?
- As of May 15, 2026, Algonquin Power & Utilities Corp. (AQN) net gamma exposure is positive at $39.3K under the standard dealer-hedging convention. Net dealer delta exposure is -$1.6M. GEX aggregates the gamma sitting on dealer books across all listed strikes and expirations.
- Is AQN in positive or negative dealer gamma right now?
- AQN 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 AQN 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.