Free DVN GEX - Live Devon Energy Gamma Exposure
Explore free DVN GEX for Devon Energy 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 oil and gas prices, production, capital spending, and energy demand.
How to use the DVN GEX tool
Search DVN
DVN 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
DVN GEX levels in detail
Data as of
Spot
$50.77
Call wall
$50
1.5% below spot
Put wall
$47.50
6.4% below spot
Gamma flip
$46.43
8.6% below spot
Net GEX
$649K
positive gamma
Largest gamma by strike
- $50 $410K
- $52.50 $105K
- $55 $41K
- $53 $34K
- $47.50 -$29K
Since the previous session (Oct 26)
- Spot down 1.4% ($51.48 to $50.77)
- Call wall unchanged at $50
- Put wall unchanged at $47.50
- Net GEX $629K to $649K
Reviewed by the QuantWheel research team. Modeled from listed DVN options data; not observed dealer inventory and not a forecast. Read how we compute DVN GEX levels.
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Want to compare strikes across expirations? View the DVN GEX heatmap.
Understanding DVN gamma exposure
The DVN options chain represents Devon Energy and its exposure to oil and gas prices, production, capital spending, and energy demand. Its GICS classification is Oil and Gas Exploration and Production. Use the chart to identify where modeled exposure is concentrated and whether that concentration is consistent across expiration choices.
New to the concept? Start with our guides to gamma in options and the options Greeks.
DVN GEX methodology and limitations
QuantWheel calculates DVN 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.
DVN GEX FAQ
What is DVN GEX?
DVN GEX estimates gamma exposure across listed DVN options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. DVN GEX does not reveal actual dealer positions or predict where DVN will trade.
How do I read the DVN call wall and put wall?
QuantWheel labels the DVN call wall as the strike with the largest positive modeled GEX and the DVN put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the DVN price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the DVN gamma flip?
The DVN gamma flip is the price where modeled net gamma crosses zero for the selected DVN options data. Compare it with the current price and the shape of the strike chart. The DVN gamma flip is a model output, not a trading signal.
Which expirations should I use for DVN GEX?
Start with the nearest DVN expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which DVN contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the DVN GEX calculator free?
Yes. You can run up to three free DVN 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.