GOOGL GEX — Live Gamma Exposure
Live GOOGL GEX levels for Alphabet Inc.: net gamma exposure, call wall, put wall, and the gamma flip level — plus a free interactive GOOGL GEX chart.
The calculator below is pre-filled with GOOGL — hit search to compute the latest gamma exposure by strike from live options data. Prefer strikes and expirations in one view? Open the GOOGL 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 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 GOOGL gamma exposure
GOOGL gamma exposure tends to be understated relative to the company's size — its options market is deep but less speculative than NVDA or TSLA, dominated by earnings positioning and institutional hedging around regulatory and AI-competition headlines. Gamma builds at $5 and $10 strike intervals, and the call wall/put wall pair generally brackets price in a well-behaved range between catalysts.
The catalysts are where GEX earns its keep in GOOGL: antitrust rulings, AI product news, and earnings can each gap the stock across its gamma flip level, and the prevailing gamma regime going into the event shapes how far the follow-through runs. A negative-gamma GOOGL after a headline shock tends to overshoot; positive gamma absorbs the same news with surprisingly little drama.
New to the concept? Start with our guides to gamma in options and the options Greeks.
GOOGL GEX FAQ
What is GOOGL GEX (gamma exposure)?
GOOGL GEX measures the aggregate gamma that options market makers carry across all GOOGL strikes and expirations. When GOOGL 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. options chain.
What is the GOOGL call wall and put wall?
The GOOGL call wall is the strike with the largest positive gamma exposure and often acts as resistance, while the GOOGL 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 $395, the put wall is at $340, the gamma flip level is near $354.56.
What is the GOOGL gamma flip level?
The GOOGL 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 GOOGL volatility; below it, the same hedging amplifies moves in both directions. The latest computed flip level is near $354.56.
How often is GOOGL 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 GOOGL options chain data on demand. Open interest itself is published by OCC once daily before the open.
Is this GOOGL GEX chart free?
Yes. The GOOGL 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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The QuantWheel GEX Dashboard adds unlimited lookups, intraday gamma tracking, wall-movement alerts, and a multi-ticker workspace.
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