Free DOW GEX - Live Dow Gamma Exposure
Explore free DOW GEX for Dow 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 industrial demand, capacity, raw-material costs, and pricing.
How to use the DOW GEX tool
Search DOW
DOW 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
DOW GEX levels in detail
Data as of
Spot
$28.79
Call wall
$30
4.2% above spot
Put wall
$30
4.2% above spot
Gamma flip
$28.27
1.8% below spot
Net GEX
$280K
positive gamma
Largest gamma by strike
- $29 $97K
- $30 $96K
- $29.50 $44K
- $28.50 $33K
- $27.50 -$32K
Since the previous session (Oct 8)
- Spot up 0.8% ($28.55 to $28.79)
- Call wall $29 to $30
- Put wall $28 to $30
- Net GEX $264K to $280K
Reviewed by the QuantWheel research team. Modeled from listed DOW options data; not observed dealer inventory and not a forecast. Read how we compute DOW GEX levels.
Continue with DOW options analysis
Try the GEX tools on sample tickers. No account needed.
$1 for 7 days • Cancel anytime • 14-day money-back guarantee
Want to compare strikes across expirations? View the DOW GEX heatmap.
Understanding DOW gamma exposure
The business exposure behind DOW includes commodity chemicals. That connects the options chain with industrial demand, capacity, raw-material costs, and pricing. 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.
DOW GEX methodology and limitations
QuantWheel calculates DOW 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.
DOW GEX FAQ
What is DOW GEX?
DOW GEX estimates gamma exposure across listed DOW options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. DOW GEX does not reveal actual dealer positions or predict where DOW will trade.
How do I read the DOW call wall and put wall?
QuantWheel labels the DOW call wall as the strike with the largest positive modeled GEX and the DOW put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the DOW price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the DOW gamma flip?
The DOW gamma flip is the price where modeled net gamma crosses zero for the selected DOW options data. Compare it with the current price and the shape of the strike chart. The DOW gamma flip is a model output, not a trading signal.
Which expirations should I use for DOW GEX?
Start with the nearest DOW expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which DOW contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the DOW GEX calculator free?
Yes. You can run up to three free DOW 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.