Free CVS GEX - Live CVS Health Gamma Exposure
Explore free CVS GEX for CVS Health across the expirations you select. Use the strike chart to compare modeled net exposure, call and put walls, and the gamma flip in the context of product demand, regulatory decisions, clinical developments, and reimbursement trends.
How to use the CVS GEX tool
Search CVS
CVS 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
CVS GEX levels in detail
Data as of
Spot
$90.36
Call wall
$91
0.7% above spot
Put wall
$90
0.4% below spot
Gamma flip
$82.89
8.3% below spot
Net GEX
$41K
positive gamma
Largest gamma by strike
- $91 $29K
- $85 -$21K
- $95 $15K
- $90 -$14K
- $100 $13K
Since the previous session (Oct 29)
- Spot up 0.0% ($90.32 to $90.36)
- Call wall $94 to $91
- Put wall $87 to $90
- Net GEX $12K to $41K
Reviewed by the QuantWheel research team. Modeled from listed CVS options data; not observed dealer inventory and not a forecast. Read how we compute CVS GEX levels.
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Want to compare strikes across expirations? View the CVS GEX heatmap.
Understanding CVS gamma exposure
The business exposure behind CVS includes health care services. That connects the options chain with product demand, regulatory decisions, clinical developments, and reimbursement trends. Compare the positive and negative GEX bars by strike instead of reading one wall without the rest of the selected profile.
New to the concept? Start with our guides to gamma in options and the options Greeks.
CVS GEX methodology and limitations
QuantWheel calculates CVS 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.
CVS GEX FAQ
What is CVS GEX?
CVS GEX estimates gamma exposure across listed CVS options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. CVS GEX does not reveal actual dealer positions or predict where CVS will trade.
How do I read the CVS call wall and put wall?
QuantWheel labels the CVS call wall as the strike with the largest positive modeled GEX and the CVS put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the CVS price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the CVS gamma flip?
The CVS gamma flip is the price where modeled net gamma crosses zero for the selected CVS options data. Compare it with the current price and the shape of the strike chart. The CVS gamma flip is a model output, not a trading signal.
Which expirations should I use for CVS GEX?
Start with the nearest CVS expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which CVS contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the CVS GEX calculator free?
Yes. You can run up to three free CVS 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.