Free PNW GEX Heatmap - Pinnacle West Capital Gamma Exposure
Use free PNW GEX Heatmap to compare modeled gamma exposure across strikes and expirations for Pinnacle West Capital. Generate the grid, then review call wall, put wall, gamma flip and expiration structure alongside business context that includes power demand, regulation, fuel costs, and interest rates.
How to use the PNW GEX Heatmap
Confirm PNW
PNW is already entered. Keep it or search another ticker.
Choose the formula
Keep the default formula or select the available calculation view.
Generate the Heatmap
Create the grid, then compare exposure across strikes and expirations.
Visualize gamma exposure across strike prices and expirations. Green = positive (call-heavy), purple = negative (put-heavy).
GEX Workspace
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Max Pain Calculator
Options pain strike by expiration
Key levels
PNW GEX heatmap levels in detail
Data as of
Spot
$97.25
Call wall
$95
2.3% below spot
Put wall
$95
2.3% below spot
Gamma flip
$90.40
7.0% below spot
Net GEX
$8K
positive gamma
Since the previous session (Oct 5)
- Spot up 0.9% ($96.33 to $97.25)
- Call wall unchanged at $95
- Put wall unchanged at $95
- Net GEX $6K to $8K
These are the levels across every expiration in the latest snapshot. The heatmap below breaks the same exposure out strike by strike and expiration by expiration, so you can see which expiry carries each level.
Reviewed by the QuantWheel research team. Modeled from listed PNW options data; not observed dealer inventory and not a forecast. Read how we compute PNW GEX heatmap levels.
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Understanding the PNW GEX heatmap
The PNW options chain represents Pinnacle West Capital. Evaluate its open-interest distribution alongside business context that includes power demand, regulation, fuel costs, and interest rates. Use the heatmap to compare modeled exposure by strike and expiration instead of reading one cell without the surrounding grid.
For PNW, compare nearby expiration columns with later expirations before interpreting the call wall, put wall or gamma flip. Changes in open interest and included contracts can alter the modeled grid. The result describes selected options data and does not predict where Pinnacle West Capital will trade.
PNW Heatmap methodology and limitations
The grid applies the selected formula to available PNW options data and organizes the modeled result by strike and expiration. The call wall, put wall and gamma flip summarize that model across the displayed data.
The heatmap does not observe market-maker positions, identify who owns a contract or predict the next PNW move. Use it as positioning context and compare the model with price, liquidity and your own risk plan.
Prefer a strike-level chart? Open the PNW GEX chart.
PNW GEX heatmap FAQ
What is a PNW GEX heatmap?
A PNW GEX heatmap is a grid of QuantWheel's modeled gamma exposure. Rows represent strikes, columns represent expirations, and color intensity represents the direction and relative size of the modeled exposure in each cell.
How do I read the PNW GEX heatmap?
Start with strikes near the PNW price, then compare the nearest expiration columns with later expirations. Read down one column to examine one expiration and across one row to see whether modeled exposure at a strike appears in several expirations.
What do the PNW GEX heatmap colors show?
Green cells show positive modeled net gamma and purple cells show negative modeled net gamma. Stronger color indicates a larger modeled value. The colors describe the calculation and are not guaranteed bullish, bearish, support, or resistance signals.
How are the PNW call wall, put wall and gamma flip modeled?
QuantWheel derives the displayed PNW levels from the selected formula and available options data. The call wall marks the largest positive modeled exposure, the put wall marks the largest negative modeled exposure, and the gamma flip estimates where aggregate modeled gamma changes sign.
How is the PNW GEX heatmap different from the PNW GEX chart?
The PNW heatmap separates modeled exposure by strike and expiration. The PNW GEX chart provides a strike-level profile in a chart view. Use the heatmap when the expiration breakdown matters and the chart when you want a simpler strike profile.
Is the PNW GEX heatmap free?
Yes. QuantWheel provides a limited number of free PNW GEX heatmap calculations. The tool shows the remaining free uses before you generate another heatmap.