Cushman & Wakefield plc (CWK) 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.
Cushman & Wakefield plc (CWK) operates in the Real Estate sector, specifically the Real Estate - Services industry, with a market capitalization near $3.06B, listed on NYSE, employing roughly 52,000 people, carrying a beta of 1.50 to the broader market. Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. Led by Michelle Marie MacKay, public since 2018-08-02.
Snapshot as of May 15, 2026.
- Spot Price
- $12.43
- Net Gamma
- -$3.5K
- Net Delta
- -$23.9K
- Net Vega
- -$1.2K
- Gamma Concentration
- 0.40
As of May 15, 2026, Cushman & Wakefield plc (CWK) has negative net gamma exposure of $3.5K under the standard dealer-hedging convention. Net delta exposure is -$23.9K. Negative GEX means dealers are net short gamma: they must sell into weakness and buy into strength, amplifying realized volatility and accelerating directional moves.
CWK Strategy Sizing in the Current GEX Regime
Cushman & Wakefield plc is in a negative dealer-gamma regime ($3.5K). Net dealer delta of -$23.9K sets the size of the directional hedging flow that fires as spot moves. In this regime, momentum and breakout strategies fit the regime: long calls or puts, ratio backspreads, calendar spreads positioned for vol expansion. Realized volatility tends to overshoot implied during negative-gamma stretches, hurting indiscriminate short-vol exposure. 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 CWK gamma exposure (gex) & greeks questions
- What is the current CWK gamma exposure (GEX)?
- As of May 15, 2026, Cushman & Wakefield plc (CWK) net gamma exposure is negative at $3.5K under the standard dealer-hedging convention. Net dealer delta exposure is -$23.9K. GEX aggregates the gamma sitting on dealer books across all listed strikes and expirations.
- Is CWK in positive or negative dealer gamma right now?
- CWK is currently in negative dealer gamma. Dealers net short gamma must sell into weakness and buy into strength to maintain delta-neutrality, which amplifies realized volatility and tends to accelerate directional moves.
- What does CWK 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.