DKNG GEX - Live Gamma Exposure
Live DKNG GEX levels for DraftKings Inc.: net gamma exposure, call wall, put wall, and the gamma flip level — plus a free interactive DKNG GEX chart.
The calculator below is pre-filled with DKNG — hit search to compute the latest gamma exposure by strike from live options data. Prefer strikes and expirations in one view? Open the DKNG 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 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
Understanding DKNG gamma exposure
DraftKings has a gamma profile shaped by something no other name on this list shares: the sports calendar. Revenue and customer acquisition concentrate around the NFL season and major tournaments, and the options market positions accordingly - gamma builds into the autumn quarters and around state-by-state legalization decisions rather than following an even quarterly cadence.
The stock retains a meaningful retail speculative following, so call-side gamma stacks in ladders during sector momentum phases and the call wall functions more as a squeeze target than a ceiling. Legalization headlines are the classic trigger: a single state approving mobile betting has repeatedly moved the stock enough to overrun several strikes of dealer hedging. Read the gamma flip level as a regulatory-sentiment marker, since DKNG's downside episodes have more often been driven by tax-rate or legislative news than by operating results.
New to the concept? Start with our guides to gamma in options and the options Greeks.
DKNG GEX FAQ
What is DKNG GEX (gamma exposure)?
DKNG GEX measures the aggregate gamma that options market makers carry across all DKNG strikes and expirations. When DKNG 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 DraftKings Inc. options chain.
What is the DKNG call wall and put wall?
The DKNG call wall is the strike with the largest positive gamma exposure and often acts as resistance, while the DKNG 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 $24.50, the put wall is at $22, the gamma flip level is near $22.90.
What is the DKNG gamma flip level?
The DKNG 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 DKNG volatility; below it, the same hedging amplifies moves in both directions. The latest computed flip level is near $22.90.
How often is DKNG 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 DKNG options chain data on demand. Open interest itself is published by OCC once daily before the open.
Is this DKNG GEX chart free?
Yes. The DKNG 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 DKNG 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