BABA GEX — Live Gamma Exposure
Live BABA GEX levels for Alibaba Group Holding Limited: net gamma exposure, call wall, put wall, and the gamma flip level — plus a free interactive BABA GEX chart.
The calculator below is pre-filled with BABA — hit search to compute the latest gamma exposure by strike from live options data. Prefer strikes and expirations in one view? Open the BABA GEX heatmap.
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Strike-level gamma by expiration
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Options pain strike by expiration
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 most negative GEX (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 BABA gamma exposure
BABA is the highest-volume vehicle for trading China exposure in US options, and its gamma profile is shaped by policy headlines as much as fundamentals: stimulus announcements, regulatory shifts, and delisting scares each trigger waves of repositioning. BABA call buying tends to arrive in violent bursts on China-stimulus news, stacking gamma above the price faster than almost any comparable large cap.
The stock's history of prolonged drawdowns punctuated by explosive short-covering rallies makes its GEX levels particularly actionable: the call wall marks where stimulus-driven rallies have repeatedly stalled, while the put wall during pessimistic stretches shows where hedging demand saturates. BABA frequently opens with gaps driven by overnight news from Asia, so the pre-open gamma map frames the day.
New to the concept? Start with our guides to gamma in options and the options Greeks.
BABA GEX FAQ
What is BABA GEX (gamma exposure)?
BABA GEX measures the aggregate gamma that options market makers carry across all BABA strikes and expirations. When BABA 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 Alibaba Group Holding Limited options chain.
What is the BABA call wall and put wall?
The BABA call wall is the strike with the largest positive gamma exposure and often acts as resistance, while the BABA 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 $100, the put wall is at $85, the gamma flip level is near $94.00.
What is the BABA gamma flip level?
The BABA 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 BABA volatility; below it, the same hedging amplifies moves in both directions. The latest computed flip level is near $94.00.
How often is BABA 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 BABA options chain data on demand. Open interest itself is published by OCC once daily before the open.
Is this BABA GEX chart free?
Yes. The BABA 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.
Track BABA GEX all day, automatically
The QuantWheel GEX Dashboard adds unlimited lookups, intraday gamma tracking, wall-movement alerts, and a multi-ticker workspace.
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