Free AES GEX - Live AES Gamma Exposure
Free AES GEX maps modeled gamma exposure across AES options. Select expirations to compare the call wall, put wall, gamma flip, and strike-level exposure around power demand, regulation, fuel costs, and interest rates.
How to use the AES GEX tool
Search AES
AES 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. Need more?
Continue for free in the GEX demoWhat 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
AES GEX levels in detail
Data as of
Spot
$14.89
Call wall
$15
0.7% above spot
Put wall
$14
6.0% below spot
Gamma flip
No level
Net GEX
$249K
positive gamma
Largest gamma by strike
- $15 $215K
- $14 -$3K
- $13 $528
- $11 $470
- $12 $440
Since the previous session (Sep 24)
- Spot up 0.6% ($14.81 to $14.89)
- Call wall unchanged at $15
- Put wall unchanged at $14
- Net GEX $148K to $249K
Reviewed by the QuantWheel research team. Modeled from listed AES options data; not observed dealer inventory and not a forecast. Read how we compute AES GEX levels.
Build your AES GEX workspace
Add AES Heatmap, Max Pain and other GEX views to a custom multi-ticker workspace.
Understanding AES gamma exposure
AES operates in independent power producers and energy traders, so its options may reflect earnings alongside changes in power demand, regulation, fuel costs, and interest rates. Review the full AES 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.
AES GEX methodology and limitations
QuantWheel calculates AES 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.
AES GEX FAQ
What is AES GEX?
AES GEX estimates gamma exposure across listed AES options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. AES GEX does not reveal actual dealer positions or predict where AES will trade.
How do I read the AES call wall and put wall?
QuantWheel labels the AES call wall as the strike with the largest positive modeled GEX and the AES put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the AES price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the AES gamma flip?
The AES gamma flip is the price where modeled net gamma crosses zero for the selected AES options data. Compare it with the current price and the shape of the strike chart. The AES gamma flip is a model output, not a trading signal.
Which expirations should I use for AES GEX?
Start with the nearest AES expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which AES contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the AES GEX calculator free?
Yes. You can run up to three free AES 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.