Free CNP GEX - Live CenterPoint Energy Gamma Exposure
Free CNP GEX shows where modeled gamma exposure is concentrated in CenterPoint Energy options. Change expirations to compare the call wall, put wall, gamma flip, and strike profile around power demand, regulation, fuel costs, and interest rates.
How to use the CNP GEX tool
Search CNP
CNP 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
CNP GEX levels in detail
Data as of
Spot
$38.61
Call wall
$40
3.6% above spot
Put wall
$39
1.0% above spot
Gamma flip
$36.55
5.3% below spot
Net GEX
$10K
positive gamma
Largest gamma by strike
- $40 $11K
- $38 -$1K
- $37 -$447
- $42 $403
- $39 -$182
Since the previous session (Oct 6)
- Spot up 2.1% ($37.83 to $38.61)
- Call wall $37 to $40
- Put wall $38 to $39
- Net GEX $38K to $10K
Reviewed by the QuantWheel research team. Modeled from listed CNP options data; not observed dealer inventory and not a forecast. Read how we compute CNP GEX levels.
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Understanding CNP gamma exposure
CenterPoint Energy is classified in Multi-Utilities within Utilities. CNP options can respond to company earnings and changes in power demand, regulation, fuel costs, and interest rates. Use the GEX chart to see whether modeled positive and negative exposure is concentrated at a few strikes or spread across the selected chain.
New to the concept? Start with our guides to gamma in options and the options Greeks.
CNP GEX methodology and limitations
QuantWheel calculates CNP 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.
CNP GEX FAQ
What is CNP GEX?
CNP GEX estimates gamma exposure across listed CNP options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. CNP GEX does not reveal actual dealer positions or predict where CNP will trade.
How do I read the CNP call wall and put wall?
QuantWheel labels the CNP call wall as the strike with the largest positive modeled GEX and the CNP put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the CNP price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the CNP gamma flip?
The CNP gamma flip is the price where modeled net gamma crosses zero for the selected CNP options data. Compare it with the current price and the shape of the strike chart. The CNP gamma flip is a model output, not a trading signal.
Which expirations should I use for CNP GEX?
Start with the nearest CNP expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which CNP contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the CNP GEX calculator free?
Yes. You can run up to three free CNP 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.