Free ECHO GEX - Live EchoStar Gamma Exposure
Review free ECHO GEX for EchoStar by selecting the expirations you want to study. The chart compares modeled net GEX, call wall, put wall, gamma flip, and strike concentrations related to subscriber trends, pricing, network investment, and competition.
How to use the ECHO GEX tool
Search ECHO
ECHO 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. Need more?
Continue for free in the GEX demoWhat 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
ECHO GEX levels in detail
Data as of
Spot
$89.89
Call wall
$90
0.1% above spot
Put wall
$90
0.1% above spot
Gamma flip
$89.17
0.8% below spot
Net GEX
$15K
positive gamma
Largest gamma by strike
- $90 $34K
- $85 -$12K
- $86 -$10K
- $100 $9K
- $105 $7K
Since the previous session (Sep 29)
- Spot down 0.0% ($89.90 to $89.89)
- Call wall unchanged at $90
- Put wall unchanged at $90
- Net GEX $19K to $15K
Reviewed by the QuantWheel research team. Modeled from listed ECHO options data; not observed dealer inventory and not a forecast. Read how we compute ECHO GEX levels.
Build your ECHO GEX workspace
Add ECHO Heatmap, Max Pain and other GEX views to a custom multi-ticker workspace.
Understanding ECHO gamma exposure
The ECHO options chain represents EchoStar and its exposure to subscriber trends, pricing, network investment, and competition. Its GICS classification is Wireless Telecommunication Services. 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.
ECHO GEX methodology and limitations
QuantWheel calculates ECHO 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.
ECHO GEX FAQ
What is ECHO GEX?
ECHO GEX estimates gamma exposure across listed ECHO options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. ECHO GEX does not reveal actual dealer positions or predict where ECHO will trade.
How do I read the ECHO call wall and put wall?
QuantWheel labels the ECHO call wall as the strike with the largest positive modeled GEX and the ECHO put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the ECHO price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the ECHO gamma flip?
The ECHO gamma flip is the price where modeled net gamma crosses zero for the selected ECHO options data. Compare it with the current price and the shape of the strike chart. The ECHO gamma flip is a model output, not a trading signal.
Which expirations should I use for ECHO GEX?
Start with the nearest ECHO expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which ECHO contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the ECHO GEX calculator free?
Yes. You can run up to three free ECHO 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.