Free CNC GEX - Live Centene Gamma Exposure
Free CNC GEX shows where modeled gamma exposure is concentrated in Centene options. Change expirations to compare the call wall, put wall, gamma flip, and strike profile around membership, medical costs, pricing, and regulation.
How to use the CNC GEX tool
Search CNC
CNC 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. Need more?
Continue for free in the GEX demoWhat 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
CNC GEX levels in detail
Data as of
Spot
$62.29
Call wall
$65
4.4% above spot
Put wall
$60
3.7% below spot
Gamma flip
$62.20
0.1% below spot
Net GEX
-$40K
negative gamma
Largest gamma by strike
- $60 -$33K
- $62.50 -$7K
- $58 -$5K
- $65 $4K
- $61 -$4K
Since the previous session (Sep 28)
- Spot down 0.0% ($62.29 to $62.29)
- Call wall unchanged at $65
- Put wall unchanged at $60
- Net GEX -$38K to -$40K
Reviewed by the QuantWheel research team. Modeled from listed CNC options data; not observed dealer inventory and not a forecast. Read how we compute CNC GEX levels.
Build your CNC GEX workspace
Add CNC Heatmap, Max Pain and other GEX views to a custom multi-ticker workspace.
Understanding CNC gamma exposure
Centene operates in managed health care, so its options may reflect earnings alongside changes in membership, medical costs, pricing, and regulation. Review the full CNC 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.
CNC GEX methodology and limitations
QuantWheel calculates CNC 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.
CNC GEX FAQ
What is CNC GEX?
CNC GEX estimates gamma exposure across listed CNC options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. CNC GEX does not reveal actual dealer positions or predict where CNC will trade.
How do I read the CNC call wall and put wall?
QuantWheel labels the CNC call wall as the strike with the largest positive modeled GEX and the CNC put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the CNC price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the CNC gamma flip?
The CNC gamma flip is the price where modeled net gamma crosses zero for the selected CNC options data. Compare it with the current price and the shape of the strike chart. The CNC gamma flip is a model output, not a trading signal.
Which expirations should I use for CNC GEX?
Start with the nearest CNC expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which CNC contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the CNC GEX calculator free?
Yes. You can run up to three free CNC 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.