What are the WTW aggregate Greek exposures?

As of Jun 30, 2026, Willis Towers Watson Public Limited Company (WTW) snapshot Greeks are net delta $150.0K, net gamma $49.8K, net vega -$92.5K. These aggregate the dealer book across all listed strikes and expirations under the standard customer-versus-dealer sign convention.

What does the WTW net dealer delta tell us?

Net dealer delta of $150.0K represents the directional exposure dealers carry from their option inventory. Dealers continuously hedge this exposure with stock, futures, or correlated instruments, so the size of net delta is also the size of hedge flow that will execute as spot moves.

How do WTW Greeks inform hedging?

Delta tracks first-order directional exposure; gamma tracks how quickly delta changes; vega tracks IV sensitivity. Aggregated dealer Greeks let traders read the dealer-positioning regime: long-gamma regimes mean-revert moves; short-gamma regimes amplify them. Vega exposure indicates how dealer P&L responds to vol shocks and hence the direction of vol-shock hedging flows.

Willis Towers Watson Public Limited Company (WTW) Options Greeks

Options Greeks measure sensitivity to various factors: Delta (price), Gamma (delta change), Theta (time decay), and Vega (volatility). They are essential for risk management and position sizing.

Willis Towers Watson Public Limited Company (WTW) operates in the Financial Services sector, specifically the Insurance - Brokers industry, with a market capitalization near $25.07B, listed on NASDAQ, employing roughly 49,000 people, carrying a beta of 0.45 to the broader market. Willis Towers Watson Public Limited Company (WTW) functions as a global provider of comprehensive consulting, brokerage, and solutions services. Led by Carl Aaron Hess, public since 2001-06-12.

Snapshot as of Jun 30, 2026.

Spot Price: $261.76
Net Gamma: $49.8K
Net Delta: $150.0K
Net Vega: -$92.5K
ATM IV: 31.0%
Gamma Concentration: 0.15

As of Jun 30, 2026, Willis Towers Watson Public Limited Company (WTW) aggregate Greeks are net delta $150.0K, net gamma $49.8K, net vega -$92.5K, ATM IV 31.0%. Gamma concentration is 0.15: gamma is more dispersed, reducing any single-strike pinning force. Delta measures directional exposure, gamma measures the rate of delta change, and vega measures sensitivity to implied volatility. Net aggregate Greeks summarize the total dealer book across all strikes and expirations.

How WTW options greeks Data Feeds Strategy Selection

Strategy selection on Willis Towers Watson Public Limited Company options does not derive from any single metric in isolation. The options greeks view above sits inside a broader read: ATM IV currently sits at 31.0% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the options greeks data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.

How to read the WTW Greeks profile

The chart above shows per-strike dealer-Greek exposures aggregated across calls and puts for the front expiration. Current net dealer gamma is $49.8K - a positive (mean-reverting) hedging regime. Net dealer delta of $150.0K indicates long-delta dealer book - dealers are net long the underlying as a hedge. Net vega of -$92.5K measures dealer P&L sensitivity to IV shifts - a 1-point IV move shifts book value by approximately $92.5K.

WTW Greeks regime and dealer hedging

Aggregate dealer Greeks compress 4 sensitivities (delta, gamma, theta, vega) into a single read on hedging behavior. In the current positive-gamma regime, dealer hedging is structurally mean-reverting: as WTW moves higher, dealers sell into rallies; as it moves lower, dealers buy into dips. This is the mechanical basis for the "pin to max pain" pattern. Gamma decays as expiration approaches; near-dated Greek exposures dominate the hedging flow.

Using WTW Greeks data for strategy selection

The Greeks profile is the input to most quantitative options strategies. Premium-selling structures (covered calls, iron condors, cash-secured puts) are negative-gamma, positive-theta, negative-vega - they pay you for being patient about realized volatility but get hit when realized exceeds implied. Premium-buying structures (long calls, long puts, long straddles, ratio backspreads) are positive-gamma, negative-theta, positive-vega - they pay you when realized exceeds implied but bleed time decay otherwise. Combine the regime read with the Greeks decomposition on this page to size structures correctly.

Learn how options Greeks is reported and how to read the data →

Frequently asked WTW options greeks questions

What are the WTW aggregate Greek exposures?: As of Jun 30, 2026, Willis Towers Watson Public Limited Company (WTW) snapshot Greeks are net delta $150.0K, net gamma $49.8K, net vega -$92.5K. These aggregate the dealer book across all listed strikes and expirations under the standard customer-versus-dealer sign convention.
What does the WTW net dealer delta tell us?: Net dealer delta of $150.0K represents the directional exposure dealers carry from their option inventory. Dealers continuously hedge this exposure with stock, futures, or correlated instruments, so the size of net delta is also the size of hedge flow that will execute as spot moves.
How do WTW Greeks inform hedging?: Delta tracks first-order directional exposure; gamma tracks how quickly delta changes; vega tracks IV sensitivity. Aggregated dealer Greeks let traders read the dealer-positioning regime: long-gamma regimes mean-revert moves; short-gamma regimes amplify them. Vega exposure indicates how dealer P&L responds to vol shocks and hence the direction of vol-shock hedging flows.