GS GEX - Live Gamma Exposure
Live GS GEX levels for The Goldman Sachs Group, Inc.: net gamma exposure, call wall, put wall, and the gamma flip level — plus a free interactive GS GEX chart.
The calculator below is pre-filled with GS — hit search to compute the latest gamma exposure by strike from live options data. Prefer strikes and expirations in one view? Open the GS 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 GS gamma exposure
Goldman Sachs has the highest share price of the major US banks, which shapes its options market in the usual way: wide strike intervals, large premiums, and flow that is almost entirely institutional. GS gamma exposure concentrates into comparatively few strikes, so its call wall and put wall stand out sharply and tend to persist for weeks - genuinely useful levels rather than transient weekly noise.
Goldman is also the most cyclical of the large banks, with earnings tied to trading revenue, investment banking fees and deal flow rather than to net interest income. That makes GS gamma a read on capital-markets activity: positioning builds when the IPO and M&A pipeline is expected to reopen, and the call wall has repeatedly marked where those expectations got fully priced. Because the Dow is price-weighted and GS is one of its highest-priced components, large moves in this stock can also push DIA across its own gamma flip level.
New to the concept? Start with our guides to gamma in options and the options Greeks.
GS GEX FAQ
What is GS GEX (gamma exposure)?
GS GEX measures the aggregate gamma that options market makers carry across all GS strikes and expirations. When GS 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 The Goldman Sachs Group, Inc. options chain.
What is the GS call wall and put wall?
The GS call wall is the strike with the largest positive gamma exposure and often acts as resistance, while the GS 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 $1,080, the put wall is at $1,025, the gamma flip level is near $1,079.
What is the GS gamma flip level?
The GS 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 GS volatility; below it, the same hedging amplifies moves in both directions. The latest computed flip level is near $1,079.
How often is GS 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 GS options chain data on demand. Open interest itself is published by OCC once daily before the open.
Is this GS GEX chart free?
Yes. The GS 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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