Paramount Skydance Corporation Class B Common Stock (PSKY) 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.
Paramount Skydance Corporation Class B Common Stock (PSKY) operates in the Communication Services sector, specifically the Entertainment industry, with a market capitalization near $11.39B, listed on NASDAQ, employing roughly 18,600 people, carrying a beta of 1.45 to the broader market. Paramount Skydance Corporation operates as a media, streaming, and entertainment company worldwide. Led by David Ellison, public since 2005-12-05.
Snapshot as of May 15, 2026.
- Spot Price
- $9.91
- Net Gamma
- -$1.6M
- Net Delta
- $175.9M
- Net Vega
- -$2.4M
- Gamma Concentration
- 0.27
As of May 15, 2026, Paramount Skydance Corporation Class B Common Stock (PSKY) has negative net gamma exposure of $1.6M under the standard dealer-hedging convention. Net delta exposure is $175.9M. Negative GEX means dealers are net short gamma: they must sell into weakness and buy into strength, amplifying realized volatility and accelerating directional moves.
PSKY Strategy Sizing in the Current GEX Regime
Paramount Skydance Corporation Class B Common Stock is in a negative dealer-gamma regime ($1.6M). Net dealer delta of $175.9M 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 →
PSKY largest gamma exposure contracts
| Type | Strike | Expiration | Volume | OI | IV | Bid | Ask |
|---|---|---|---|---|---|---|---|
| PUT | $10.00 | Jan 21, 2028 | 0 | 124.1K | 53.3% | $2.19 | $2.77 |
| PUT | $8.00 | Jan 15, 2027 | 2 | 70.6K | 57.8% | $0.84 | $0.96 |
| CALL | $17.00 | Jan 15, 2027 | 23 | 58.0K | 56.9% | $0.34 | $0.40 |
| PUT | $12.00 | Jan 15, 2027 | 1 | 57.3K | 55.4% | $2.94 | $3.20 |
Top 4 contracts from the ORATS-sourced nightly scan; ranked by gex within the broader S&P 500/400/600 + ETF universe.
Frequently asked PSKY gamma exposure (gex) & greeks questions
- What is the current PSKY gamma exposure (GEX)?
- As of May 15, 2026, Paramount Skydance Corporation Class B Common Stock (PSKY) net gamma exposure is negative at $1.6M under the standard dealer-hedging convention. Net dealer delta exposure is $175.9M. GEX aggregates the gamma sitting on dealer books across all listed strikes and expirations.
- Is PSKY in positive or negative dealer gamma right now?
- PSKY 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 PSKY 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.