Free EVRG GEX - Live Evergy Gamma Exposure
Free EVRG GEX maps modeled gamma exposure across Evergy options. Select expirations to compare the call wall, put wall, gamma flip, and strike-level exposure around power demand, regulation, fuel costs, and financing conditions.
How to use the EVRG GEX tool
Search EVRG
EVRG 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
EVRG GEX levels in detail
Data as of
Spot
$79.17
Call wall
$82.50
4.2% above spot
Put wall
$77.50
2.1% below spot
Gamma flip
$82.55
4.3% above spot
Net GEX
-$39K
negative gamma
Largest gamma by strike
- $77.50 -$31K
- $80 -$15K
- $82.50 $5K
- $85 $4K
- $70 -$1K
Since the previous session (Oct 1)
- Spot up 0.5% ($78.80 to $79.17)
- Call wall unchanged at $82.50
- Put wall unchanged at $77.50
- Net GEX -$36K to -$39K
Reviewed by the QuantWheel research team. Modeled from listed EVRG options data; not observed dealer inventory and not a forecast. Read how we compute EVRG GEX levels.
Build your EVRG GEX workspace
Add EVRG Heatmap, Max Pain and other GEX views to a custom multi-ticker workspace.
Understanding EVRG gamma exposure
Evergy operates in electric utilities, so its options may reflect earnings alongside changes in power demand, regulation, fuel costs, and financing conditions. Review the full EVRG strike profile, including both positive and negative modeled exposure, before interpreting the displayed walls.
New to the concept? Start with our guides to gamma in options and the options Greeks.
EVRG GEX methodology and limitations
QuantWheel calculates EVRG 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.
EVRG GEX FAQ
What is EVRG GEX?
EVRG GEX estimates gamma exposure across listed EVRG options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. EVRG GEX does not reveal actual dealer positions or predict where EVRG will trade.
How do I read the EVRG call wall and put wall?
QuantWheel labels the EVRG call wall as the strike with the largest positive modeled GEX and the EVRG put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the EVRG price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the EVRG gamma flip?
The EVRG gamma flip is the price where modeled net gamma crosses zero for the selected EVRG options data. Compare it with the current price and the shape of the strike chart. The EVRG gamma flip is a model output, not a trading signal.
Which expirations should I use for EVRG GEX?
Start with the nearest EVRG expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which EVRG contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the EVRG GEX calculator free?
Yes. You can run up to three free EVRG 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.