ARKK GEX - Live Gamma Exposure
Live ARKK GEX levels for ARK Innovation ETF: net gamma exposure, call wall, put wall, and the gamma flip level — plus a free interactive ARKK GEX chart.
The calculator below is pre-filled with ARKK — hit search to compute the latest gamma exposure by strike from live options data. Prefer strikes and expirations in one view? Open the ARKK GEX heatmap.
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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
Understanding ARKK gamma exposure
ARKK is an actively managed fund, which makes its gamma exposure unusual among ETFs: the underlying basket changes as the manager trades, so the relationship between ARKK's options positioning and any fixed set of stocks is looser than it would be for an index product. What ARKK GEX does measure cleanly is speculative appetite for long-duration growth - the ETF has become shorthand for that trade, and its options market is where people express views on it.
Retail flow dominates the front of ARKK's curve, and the call-buying waves that arrive during growth rallies stack gamma above spot in exactly the pattern that produces reflexive melt-ups. The gamma flip level is a reasonable regime marker for the whole speculative-growth complex: ARKK below flip has generally coincided with the sharp, correlated drawdowns that its holdings are prone to, since dealer hedging and redemption-driven selling compound each other.
New to the concept? Start with our guides to gamma in options and the options Greeks.
ARKK GEX FAQ
What is ARKK GEX (gamma exposure)?
ARKK GEX measures the aggregate gamma that options market makers carry across all ARKK strikes and expirations. When ARKK GEX is positive, dealer hedging dampens price moves (selling rallies, buying dips); when it is negative, hedging amplifies moves. It is calculated from open interest and each contract's gamma across the ARK Innovation ETF options chain.
What is the ARKK call wall and put wall?
The ARKK call wall is the strike with the largest positive gamma exposure and often acts as resistance, while the ARKK put wall is the strike with the largest negative gamma exposure and often acts as support. As of the latest snapshot, the call wall is at $74, the put wall is at $73, the gamma flip level is near $75.93.
What is the ARKK gamma flip level?
The ARKK gamma flip (zero-gamma) level is the price where net dealer gamma crosses from positive to negative. Above it, market-maker hedging tends to suppress ARKK volatility; below it, the same hedging amplifies moves in both directions. The latest computed flip level is near $75.93.
How often is ARKK GEX data updated?
GEX levels on this page are recomputed from live options data throughout US market hours, and the interactive calculator below pulls fresh ARKK options chain data on demand. Open interest itself is published by OCC once daily before the open.
Is this ARKK GEX chart free?
Yes. The ARKK GEX levels on this page are free, and the interactive GEX calculator offers free daily lookups without an account. Creating a free QuantWheel account raises the daily limit, and the GEX Dashboard adds unlimited access, intraday tracking, and alerts.
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