Curtiss-Wright Corporation (CW) 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.
Curtiss-Wright Corporation (CW) operates in the Industrials sector, specifically the Aerospace & Defense industry, with a market capitalization near $27.74B, listed on NYSE, employing roughly 8,900 people, carrying a beta of 0.86 to the broader market. Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide. Led by Lynn Bamford, public since 1980-03-17.
Snapshot as of May 15, 2026.
- Spot Price
- $720.06
- Net Gamma
- $7.5M
- Net Delta
- -$30.0M
- Net Vega
- -$204.1K
- Gamma Concentration
- 0.61
As of May 15, 2026, Curtiss-Wright Corporation (CW) has positive net gamma exposure of $7.5M under the standard dealer-hedging convention. Net delta exposure is -$30.0M. 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.
CW Strategy Sizing in the Current GEX Regime
Curtiss-Wright Corporation is in a positive dealer-gamma regime ($7.5M). Net dealer delta of -$30.0M 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 →
CW largest gamma exposure contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| PUT | $700.00 | Jun 18, 2026 | 0 | 403 | 38.7% | $21.30 | $25.80 |
Top 1 contracts from the ORATS-sourced nightly scan; ranked by gex within the broader S&P 500/400/600 + ETF universe.
Frequently asked CW gamma exposure (gex) & greeks questions
- What is the current CW gamma exposure (GEX)?
- As of May 15, 2026, Curtiss-Wright Corporation (CW) net gamma exposure is positive at $7.5M under the standard dealer-hedging convention. Net dealer delta exposure is -$30.0M. GEX aggregates the gamma sitting on dealer books across all listed strikes and expirations.
- Is CW in positive or negative dealer gamma right now?
- CW 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 CW 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.