Free APD GEX - Live Air Products Gamma Exposure
Free APD GEX maps modeled gamma exposure across Air Products options. Select expirations to compare the call wall, put wall, gamma flip, and strike-level exposure around commodity prices, industrial demand, capacity, and input costs.
How to use the APD GEX tool
Search APD
APD 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
APD GEX levels in detail
Data as of
Spot
$300
Call wall
$300
0.0% above spot
Put wall
$300
0.0% above spot
Gamma flip
$290.37
3.2% below spot
Net GEX
$3K
positive gamma
Largest gamma by strike
- $300 $4K
- $310 $891
- $320 $242
- $290 -$205
- $270 -$130
Since the previous session (Oct 15)
- Spot up 1.5% ($295.60 to $300)
- Call wall $290 to $300
- Put wall $290 to $300
- Net GEX $2K to $3K
Reviewed by the QuantWheel research team. Modeled from listed APD options data; not observed dealer inventory and not a forecast. Read how we compute APD GEX levels.
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Understanding APD gamma exposure
APD provides options exposure to Air Products, which operates in industrial gases. Earnings and shifts in commodity prices, industrial demand, capacity, and input costs can change option pricing and open interest. The GEX chart shows how modeled exposure is distributed for the contracts and expirations you include.
For APD, compare a single expiration with a combined view before interpreting the call wall, put wall, or gamma flip. Changes in open interest and the contracts selected can shift the modeled profile. These levels describe the selected options data and do not predict where Air Products will trade.
New to the concept? Start with our guides to gamma in options and the options Greeks.
APD GEX methodology and limitations
QuantWheel calculates APD 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.
APD GEX FAQ
What is APD GEX?
APD GEX estimates gamma exposure across listed APD options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. APD GEX does not reveal actual dealer positions or predict where APD will trade.
How do I read the APD call wall and put wall?
QuantWheel labels the APD call wall as the strike with the largest positive modeled GEX and the APD put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the APD price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the APD gamma flip?
The APD gamma flip is the price where modeled net gamma crosses zero for the selected APD options data. Compare it with the current price and the shape of the strike chart. The APD gamma flip is a model output, not a trading signal.
Which expirations should I use for APD GEX?
Start with the nearest APD expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which APD contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the APD GEX calculator free?
Yes. You can run up to three free APD 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.