Free BMY GEX - Live Bristol Myers Squibb Gamma Exposure
Free BMY GEX shows where modeled gamma exposure is concentrated in Bristol Myers Squibb options. Change expirations to compare the call wall, put wall, gamma flip, and strike profile around drug demand, clinical results, regulation, and product pipelines.
How to use the BMY GEX tool
Search BMY
BMY 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
BMY GEX levels in detail
Data as of
Spot
$63.01
Call wall
$63
0.0% below spot
Put wall
$58
7.9% below spot
Gamma flip
$61.20
2.9% below spot
Net GEX
$516K
positive gamma
Largest gamma by strike
- $65 $199K
- $63 $136K
- $62 $76K
- $70 $34K
- $66 $33K
Since the previous session (Oct 21)
- Spot up 3.1% ($61.12 to $63.01)
- Call wall $62 to $63
- Put wall $60 to $58
- Net GEX $181K to $516K
Reviewed by the QuantWheel research team. Modeled from listed BMY options data; not observed dealer inventory and not a forecast. Read how we compute BMY GEX levels.
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Want to compare strikes across expirations? View the BMY GEX heatmap.
Understanding BMY gamma exposure
Bristol Myers Squibb operates in pharmaceuticals, so its options may reflect earnings alongside changes in drug demand, clinical results, regulation, and product pipelines. Review the full BMY strike profile, including both positive and negative modeled exposure, before interpreting the displayed walls.
New to the concept? Start with our guides to gamma in options and the options Greeks.
BMY GEX methodology and limitations
QuantWheel calculates BMY 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.
BMY GEX FAQ
What is BMY GEX?
BMY GEX estimates gamma exposure across listed BMY options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. BMY GEX does not reveal actual dealer positions or predict where BMY will trade.
How do I read the BMY call wall and put wall?
QuantWheel labels the BMY call wall as the strike with the largest positive modeled GEX and the BMY put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the BMY price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the BMY gamma flip?
The BMY gamma flip is the price where modeled net gamma crosses zero for the selected BMY options data. Compare it with the current price and the shape of the strike chart. The BMY gamma flip is a model output, not a trading signal.
Which expirations should I use for BMY GEX?
Start with the nearest BMY expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which BMY contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the BMY GEX calculator free?
Yes. You can run up to three free BMY 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.