Free APP GEX - Live AppLovin Gamma Exposure
Free APP GEX shows where modeled gamma exposure is concentrated in AppLovin options. Change expirations to compare the call wall, put wall, gamma flip, and strike profile around advertising demand, subscriber activity, content spending, and product changes.
How to use the APP GEX tool
Search APP
APP 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
APP GEX levels in detail
Data as of
Spot
$277.20
Call wall
$300
8.2% above spot
Put wall
$280
1.0% above spot
Gamma flip
$294.29
6.2% above spot
Net GEX
-$18K
negative gamma
Largest gamma by strike
- $275 -$10K
- $270 -$6K
- $277.50 -$4K
- $260 -$4K
- $265 -$3K
Since the previous session (Oct 8)
- Spot down 0.8% ($279.46 to $277.20)
- Call wall unchanged at $300
- Put wall unchanged at $280
- Net GEX -$30K to -$18K
Reviewed by the QuantWheel research team. Modeled from listed APP options data; not observed dealer inventory and not a forecast. Read how we compute APP GEX levels.
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Understanding APP gamma exposure
The business exposure behind APP includes advertising. That connects the options chain with advertising demand, subscriber activity, content spending, and product changes. Compare the positive and negative GEX bars by strike instead of reading one wall without the rest of the selected profile.
New to the concept? Start with our guides to gamma in options and the options Greeks.
APP GEX methodology and limitations
QuantWheel calculates APP 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.
APP GEX FAQ
What is APP GEX?
APP GEX estimates gamma exposure across listed APP options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. APP GEX does not reveal actual dealer positions or predict where APP will trade.
How do I read the APP call wall and put wall?
QuantWheel labels the APP call wall as the strike with the largest positive modeled GEX and the APP put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the APP price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the APP gamma flip?
The APP gamma flip is the price where modeled net gamma crosses zero for the selected APP options data. Compare it with the current price and the shape of the strike chart. The APP gamma flip is a model output, not a trading signal.
Which expirations should I use for APP GEX?
Start with the nearest APP expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which APP contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the APP GEX calculator free?
Yes. You can run up to three free APP 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.