Free AEP GEX - Live AEP Gamma Exposure
Free AEP GEX shows where modeled gamma exposure is concentrated in AEP options. Change expirations to compare the call wall, put wall, gamma flip, and strike profile around power demand, regulation, fuel costs, and financing conditions.
How to use the AEP GEX tool
Search AEP
AEP is already entered. Keep it or enter another ticker, then select Search.
Select expirations
Choose one or more expiration dates to include.
Generate GEX
Select Generate GEX to view the chart and key levels.
Run up to 3 free GEX calculations per day.
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 the largest put GEX, shown as the deepest negative bar (support)
- Gamma Flip: Where total GEX changes from negative to positive
Positive GEX: Market makers sell into rallies, buy into dips (stabilizing).
Negative GEX: Market makers buy into rallies, sell into dips (amplifying moves).
Select a ticker and expiration date, then click Generate GEX to see the analysis
Key levels
AEP GEX levels in detail
Data as of
Spot
$128.28
Call wall
$130
1.3% above spot
Put wall
$125
2.6% below spot
Gamma flip
$125.36
2.3% below spot
Net GEX
$27K
positive gamma
Largest gamma by strike
- $130 $32K
- $125 -$10K
- $135 $9K
- $120 -$4K
- $140 $1K
Since the previous session (Nov 6)
- Spot up 1.5% ($126.43 to $128.28)
- Call wall unchanged at $130
- Put wall unchanged at $125
- Net GEX $11K to $27K
Reviewed by the QuantWheel research team. Modeled from listed AEP options data; not observed dealer inventory and not a forecast. Read how we compute AEP GEX levels.
Continue with AEP options analysis
Try the GEX tools on sample tickers. No account needed.
$1 for 7 days • Cancel anytime • 14-day money-back guarantee
Want to compare strikes across expirations? View the AEP GEX heatmap.
Understanding AEP gamma exposure
AEP operates in electric utilities, so its options may reflect earnings alongside changes in power demand, regulation, fuel costs, and financing conditions. Review the full AEP strike profile, including both positive and negative modeled exposure, before interpreting the displayed walls.
New to the concept? Start with our guides to gamma in options and the options Greeks.
AEP GEX methodology and limitations
QuantWheel calculates AEP GEX from the selected expirations, available options data and the formula displayed in the calculator. The result summarizes modeled gamma exposure by strike.
GEX is a model output, not observed dealer inventory or a price forecast. Open interest does not identify who owns an option, and the displayed call wall, put wall and gamma flip can change when the inputs or selected expirations change.
AEP GEX FAQ
What is AEP GEX?
AEP GEX estimates gamma exposure across listed AEP options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. AEP GEX does not reveal actual dealer positions or predict where AEP will trade.
How do I read the AEP call wall and put wall?
QuantWheel labels the AEP call wall as the strike with the largest positive modeled GEX and the AEP put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the AEP price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the AEP gamma flip?
The AEP gamma flip is the price where modeled net gamma crosses zero for the selected AEP options data. Compare it with the current price and the shape of the strike chart. The AEP gamma flip is a model output, not a trading signal.
Which expirations should I use for AEP GEX?
Start with the nearest AEP expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which AEP contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the AEP GEX calculator free?
Yes. You can run up to three free AEP GEX calculations per day on the public tool. After using those calculations, continue for free in the GEX demo. Check the current QuantWheel pricing page for plan access details.