Free ARE GEX - Live Alexandria Real Estate Gamma Exposure
Free ARE GEX maps modeled gamma exposure across Alexandria Real Estate options. Select expirations to compare the call wall, put wall, gamma flip, and strike-level exposure around occupancy, property demand, financing costs, and interest rates.
How to use the ARE GEX tool
Search ARE
ARE 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
ARE GEX levels in detail
Data as of
Spot
$42.69
Call wall
$42.50
0.4% below spot
Put wall
$42.50
0.4% below spot
Gamma flip
$43.90
2.9% above spot
Net GEX
-$28K
negative gamma
Largest gamma by strike
- $42.50 -$14K
- $40 -$9K
- $55 $3K
- $37.50 -$2K
- $52.50 $2K
Since the previous session (Oct 14)
- Spot up 2.5% ($41.65 to $42.69)
- Call wall $55 to $42.50
- Put wall unchanged at $42.50
- Net GEX -$27K to -$28K
Reviewed by the QuantWheel research team. Modeled from listed ARE options data; not observed dealer inventory and not a forecast. Read how we compute ARE GEX levels.
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Want to compare strikes across expirations? View the ARE GEX heatmap.
Understanding ARE gamma exposure
The ARE options chain represents Alexandria Real Estate and its exposure to occupancy, property demand, financing costs, and interest rates. Its GICS classification is Office REITs. Use the chart to identify where modeled exposure is concentrated and whether that concentration is consistent across expiration choices.
For ARE, 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 Alexandria Real Estate will trade.
New to the concept? Start with our guides to gamma in options and the options Greeks.
ARE GEX methodology and limitations
QuantWheel calculates ARE 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.
ARE GEX FAQ
What is ARE GEX?
ARE GEX estimates gamma exposure across listed ARE options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. ARE GEX does not reveal actual dealer positions or predict where ARE will trade.
How do I read the ARE call wall and put wall?
QuantWheel labels the ARE call wall as the strike with the largest positive modeled GEX and the ARE put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the ARE price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the ARE gamma flip?
The ARE gamma flip is the price where modeled net gamma crosses zero for the selected ARE options data. Compare it with the current price and the shape of the strike chart. The ARE gamma flip is a model output, not a trading signal.
Which expirations should I use for ARE GEX?
Start with the nearest ARE expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which ARE contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the ARE GEX calculator free?
Yes. You can run up to three free ARE 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.