BAC GEX - Live Gamma Exposure
Live BAC GEX levels for Bank of America Corporation: net gamma exposure, call wall, put wall, and the gamma flip level — plus a free interactive BAC GEX chart.
The calculator below is pre-filled with BAC — hit search to compute the latest gamma exposure by strike from live options data. Prefer strikes and expirations in one view? Open the BAC 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 BAC gamma exposure
Bank of America trades at a low enough nominal price that its options are genuinely accessible, and that gives BAC a mixed flow profile: institutional hedging in the monthlies, meaningful retail participation in the weeklies. Its gamma exposure is dense as a result - dollar strike spacing packs open interest into a narrow band, so the call wall and put wall sit close to spot and get tested constantly rather than serving as distant reference points.
What distinguishes BAC from JPM as a gamma market is its balance-sheet sensitivity to interest rates. The bank's large held-to-maturity securities portfolio makes it a more direct rate play, and its options market prices that: gamma builds noticeably into FOMC meetings and long-end yield moves. Read the gamma flip level as a rate-sentiment indicator for the consumer banking complex, and expect the put wall to firm up quickly whenever the market starts questioning deposit costs or unrealized securities losses.
New to the concept? Start with our guides to gamma in options and the options Greeks.
BAC GEX FAQ
What is BAC GEX (gamma exposure)?
BAC GEX measures the aggregate gamma that options market makers carry across all BAC strikes and expirations. When BAC 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 Bank of America Corporation options chain.
What is the BAC call wall and put wall?
The BAC call wall is the strike with the largest positive gamma exposure and often acts as resistance, while the BAC 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 $62, the put wall is at $62, the gamma flip level is near $60.46.
What is the BAC gamma flip level?
The BAC 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 BAC volatility; below it, the same hedging amplifies moves in both directions. The latest computed flip level is near $60.46.
How often is BAC 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 BAC options chain data on demand. Open interest itself is published by OCC once daily before the open.
Is this BAC GEX chart free?
Yes. The BAC 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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