Gamma Exposure

Analyze gamma exposure by strike price (limited to SPY & QQQ in sandbox mode)

Compute GEX Levels for

What is Gamma Exposure (GEX)?

Gamma Exposure represents the sensitivity of an option's delta to changes in the underlying price. Market makers hedge their gamma exposure, creating support/resistance at high GEX strikes.

Key Levels:

Call Wall: Strike with highest positive GEX (resistance)
Put Wall: Strike with most negative GEX (support)
Gamma Flip: Where total GEX changes from negative to positive

Select a ticker and expiration date, then click Generate GEX to see the analysis