Mid-America Apartment Communities, Inc. (MAA) 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.
Mid-America Apartment Communities, Inc. (MAA) operates in the Real Estate sector, specifically the REIT - Residential industry, with a market capitalization near $15.05B, listed on NYSE, employing roughly 2,532 people, carrying a beta of 0.76 to the broader market. MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States. Led by Adrian Bradley Hill, public since 1994-01-28.
Snapshot as of May 15, 2026.
- Spot Price
- $125.44
- Net Gamma
- -$292.8K
- Net Delta
- $7.6M
- Net Vega
- -$77.7K
- Gamma Concentration
- 0.13
As of May 15, 2026, Mid-America Apartment Communities, Inc. (MAA) has negative net gamma exposure of $292.8K under the standard dealer-hedging convention. Net delta exposure is $7.6M. Negative GEX means dealers are net short gamma: they must sell into weakness and buy into strength, amplifying realized volatility and accelerating directional moves.
MAA Strategy Sizing in the Current GEX Regime
Mid-America Apartment Communities, Inc. is in a negative dealer-gamma regime ($292.8K). Net dealer delta of $7.6M 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 MAA gamma exposure (gex) & greeks questions
- What is the current MAA gamma exposure (GEX)?
- As of May 15, 2026, Mid-America Apartment Communities, Inc. (MAA) net gamma exposure is negative at $292.8K under the standard dealer-hedging convention. Net dealer delta exposure is $7.6M. GEX aggregates the gamma sitting on dealer books across all listed strikes and expirations.
- Is MAA in positive or negative dealer gamma right now?
- MAA 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 MAA 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.