Kimberly-Clark Corporation (KMB) 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.
Kimberly-Clark Corporation (KMB) operates in the Consumer Defensive sector, specifically the Household & Personal Products industry, with a market capitalization near $32.21B, listed on NASDAQ, employing roughly 38,000 people, carrying a beta of 0.31 to the broader market. Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. Led by Michael D. Hsu, public since 1980-03-17.
Snapshot as of May 15, 2026.
- Spot Price
- $96.19
- Net Gamma
- -$4.6M
- Net Delta
- $7.3M
- Net Vega
- -$1.4M
- Gamma Concentration
- 0.16
As of May 15, 2026, Kimberly-Clark Corporation (KMB) has negative net gamma exposure of $4.6M under the standard dealer-hedging convention. Net delta exposure is $7.3M. Negative GEX means dealers are net short gamma: they must sell into weakness and buy into strength, amplifying realized volatility and accelerating directional moves.
KMB Strategy Sizing in the Current GEX Regime
Kimberly-Clark Corporation is in a negative dealer-gamma regime ($4.6M). Net dealer delta of $7.3M 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 →
KMB largest gamma exposure contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $101.00 | May 22, 2026 | 2.5K | 172 | 25.8% | $0.05 | $0.20 |
Top 1 contracts from the ORATS-sourced nightly scan; ranked by gex within the broader S&P 500/400/600 + ETF universe.
Frequently asked KMB gamma exposure (gex) & greeks questions
- What is the current KMB gamma exposure (GEX)?
- As of May 15, 2026, Kimberly-Clark Corporation (KMB) net gamma exposure is negative at $4.6M under the standard dealer-hedging convention. Net dealer delta exposure is $7.3M. GEX aggregates the gamma sitting on dealer books across all listed strikes and expirations.
- Is KMB in positive or negative dealer gamma right now?
- KMB 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 KMB 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.