O-I Glass, Inc. (OI) 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.
O-I Glass, Inc. (OI) operates in the Consumer Cyclical sector, specifically the Packaging & Containers industry, with a market capitalization near $1.38B, listed on NYSE, employing roughly 21,000 people, carrying a beta of 0.65 to the broader market. O-I Glass, Inc. Led by Gordon J. Hardie, public since 1991-12-11.
Snapshot as of May 15, 2026.
- Spot Price
- $8.37
- Net Gamma
- $237.9K
- Net Delta
- -$11.0M
- Net Vega
- -$81.2K
- Gamma Concentration
- 0.42
As of May 15, 2026, O-I Glass, Inc. (OI) has positive net gamma exposure of $237.9K under the standard dealer-hedging convention. Net delta exposure is -$11.0M. 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.
OI Strategy Sizing in the Current GEX Regime
O-I Glass, Inc. is in a positive dealer-gamma regime ($237.9K). Net dealer delta of -$11.0M 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 →
OI largest gamma exposure contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| CALL | $10.00 | Dec 18, 2026 | 574 | 17.3K | 58.2% | $1.00 | $1.15 |
Top 1 contracts from the ORATS-sourced nightly scan; ranked by gex within the broader S&P 500/400/600 + ETF universe.
Frequently asked OI gamma exposure (gex) & greeks questions
- What is the current OI gamma exposure (GEX)?
- As of May 15, 2026, O-I Glass, Inc. (OI) net gamma exposure is positive at $237.9K under the standard dealer-hedging convention. Net dealer delta exposure is -$11.0M. GEX aggregates the gamma sitting on dealer books across all listed strikes and expirations.
- Is OI in positive or negative dealer gamma right now?
- OI 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 OI 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.