GOOG GEX - Live Gamma Exposure
Live GOOG GEX levels for Alphabet Inc. Class C: net gamma exposure, call wall, put wall, and the gamma flip level — plus a free interactive GOOG GEX chart.
The calculator below is pre-filled with GOOG — hit search to compute the latest gamma exposure by strike from live options data. Prefer strikes and expirations in one view? Open the GOOG GEX heatmap.
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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
Understanding GOOG gamma exposure
GOOG and GOOGL are claims on the same company, separated only by voting rights: Class C shares carry none, Class A carry one vote each. The two trade within pennies of one another, but their options markets are genuinely distinct, and GOOG's is the thinner of the pair. That thinness is what makes its gamma exposure worth tracking separately - the same dollar of open interest represents a larger share of the chain, so individual strikes carry proportionally more hedging weight.
Practically, GOOG's call wall and put wall usually sit at the same strikes as GOOGL's, and when they diverge it is a liquidity artifact rather than a signal about Alphabet. Where GOOG GEX adds information is in the composition of flow: index funds tracking the S&P 500 hold both classes, but Class C is the more common vehicle for buy-write and collar programs, which biases its gamma call-side and makes its pins into monthly expiration marginally more reliable than its voting-share twin.
New to the concept? Start with our guides to gamma in options and the options Greeks.
GOOG GEX FAQ
What is GOOG GEX (gamma exposure)?
GOOG GEX measures the aggregate gamma that options market makers carry across all GOOG strikes and expirations. When GOOG 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 Alphabet Inc. Class C options chain.
What is the GOOG call wall and put wall?
The GOOG call wall is the strike with the largest positive gamma exposure and often acts as resistance, while the GOOG 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 $330, the put wall is at $330, the gamma flip level is near $316.67.
What is the GOOG gamma flip level?
The GOOG 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 GOOG volatility; below it, the same hedging amplifies moves in both directions. The latest computed flip level is near $316.67.
How often is GOOG 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 GOOG options chain data on demand. Open interest itself is published by OCC once daily before the open.
Is this GOOG GEX chart free?
Yes. The GOOG 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.
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