Expiration Concentration Charts | SpotGamma

The Expiration Concentration uses histograms to graphically depict the deltas of puts and calls for every expiration across the major US Indices and ETFs. The x-axis reflects every expiration over the next two years while the y-axis reflects the assumed delta notional hedging level tied to each of those expirations. Calls are reflected in orange and puts are reflected in blue. The purpose of this chart is to let you see at a glance which options expirations are the most significant. Typically quarterly expirations have the largest impact.

To customize this chart, you can filter these results to see where the largest expirations lie for specific major indices and ETFs. To do this, you click on the box in the upper left corner if you want to see a different index.

This Expiration Concentration chart is very helpful to see which dates are the most impactful, and whether controlled by Calls or Puts. This empowers you to know when to expect more volatility coming out of these expirations if options do not get rolled forward and fill in the surrounding complex.

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At SpotGamma, our mission is to empower traders to make confident decisions by pairing precise data with clear insights. We do this by monitoring the options market and publishing actionable metrics for traders and investors at all levels.

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*Note: This presentation is intended for general information and entertainment purposes only. No mention of company names, trading strategies or illustrative examples constitute investment advice. SpotGamma advises you to seek investment advice from a licensed professional.

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Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.