COIN GEX — Live Gamma Exposure
Live COIN GEX levels for Coinbase Global, Inc.: net gamma exposure, call wall, put wall, and the gamma flip level — plus a free interactive COIN GEX chart.
The calculator below is pre-filled with COIN — hit search to compute the latest gamma exposure by strike from live options data. Prefer strikes and expirations in one view? Open the COIN GEX heatmap.
3 free calculations remaining today • Sign up for unlimited access
GEX Workspace
Multi-ticker dashboard with alerts
GEX Heatmap
Strike-level gamma by expiration
GEX Intraday PlayTape
Intraday gamma movement & replay
Max Pain Calculator
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 COIN gamma exposure
COIN is the equity market's highest-beta liquid proxy for crypto, and its gamma exposure profile inherits Bitcoin's volatility regime. When crypto runs, COIN call buying explodes and positive gamma stacks above the price in wide bands; when crypto breaks down, COIN's gamma flips negative fast and the stock's already-large moves get amplified by dealer hedging. Few names spend as much time in genuinely negative gamma as COIN.
COIN's wide strike spacing and high implied volatility mean its call wall and put wall sit further from spot (in percentage terms) than a typical stock's — but they are still respected levels, particularly the put wall during crypto drawdowns. Traders often read COIN GEX alongside Bitcoin's own derivatives data for a fuller picture of crypto-complex positioning.
New to the concept? Start with our guides to gamma in options and the options Greeks.
COIN GEX FAQ
What is COIN GEX (gamma exposure)?
COIN GEX measures the aggregate gamma that options market makers carry across all COIN strikes and expirations. When COIN 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 Coinbase Global, Inc. options chain.
What is the COIN call wall and put wall?
The COIN call wall is the strike with the largest positive gamma exposure and often acts as resistance, while the COIN 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 $167.50, the put wall is at $157.50, the gamma flip level is near $145.68.
What is the COIN gamma flip level?
The COIN 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 COIN volatility; below it, the same hedging amplifies moves in both directions. The latest computed flip level is near $145.68.
How often is COIN 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 COIN options chain data on demand. Open interest itself is published by OCC once daily before the open.
Is this COIN GEX chart free?
Yes. The COIN 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 COIN GEX all day, automatically
The QuantWheel GEX Dashboard adds unlimited lookups, intraday gamma tracking, wall-movement alerts, and a multi-ticker workspace.
Open the GEX Dashboard