GME GEX — Live Gamma Exposure
Live GME GEX levels for GameStop Corp.: net gamma exposure, call wall, put wall, and the gamma flip level — plus a free interactive GME GEX chart.
The calculator below is pre-filled with GME — hit search to compute the latest gamma exposure by strike from live options data. Prefer strikes and expirations in one view? Open the GME 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 most negative GEX (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 GME gamma exposure
GME is the stock that taught retail traders the word 'gamma.' The January 2021 squeeze was a live demonstration of gamma feedback: concentrated call buying forced dealers to hedge by purchasing shares, driving prices toward the very strikes that carried the most gamma. That mechanic remains central to GME — its options market stays unusually call-tilted, always positioned for the next squeeze attempt.
GME's gamma profile is event-driven and social-media-reflexive: influencer posts, share-offering announcements, and earnings each reset the map. The call wall is the number to know during squeeze episodes (it acts as both magnet and take-profit zone for the crowd), while long stretches of quiet see GME pin between modest walls with surprising docility.
New to the concept? Start with our guides to gamma in options and the options Greeks.
GME GEX FAQ
What is GME GEX (gamma exposure)?
GME GEX measures the aggregate gamma that options market makers carry across all GME strikes and expirations. When GME 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 GameStop Corp. options chain.
What is the GME call wall and put wall?
The GME call wall is the strike with the largest positive gamma exposure and often acts as resistance, while the GME 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 $25, the put wall is at $21, the gamma flip level is near $20.92.
What is the GME gamma flip level?
The GME 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 GME volatility; below it, the same hedging amplifies moves in both directions. The latest computed flip level is near $20.92.
How often is GME 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 GME options chain data on demand. Open interest itself is published by OCC once daily before the open.
Is this GME GEX chart free?
Yes. The GME 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 GME 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