Free HPE GEX - Live HPE Gamma Exposure
Free HPE GEX helps you examine modeled HPE gamma exposure by strike. Select one or more expirations to compare net GEX, the call wall, the put wall, and the gamma flip around technology demand, product cycles, capital spending, and company guidance.
How to use the HPE GEX tool
Search HPE
HPE 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.
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
Key levels
HPE GEX levels in detail
Data as of
Spot
$56.83
Call wall
$57
0.3% above spot
Put wall
$57
0.3% above spot
Gamma flip
$56.67
0.3% below spot
Net GEX
$148K
positive gamma
Largest gamma by strike
- $57 $210K
- $59 $50K
- $54 -$38K
- $70 $37K
- $63 $31K
Since the previous session (Oct 22)
- Spot up 2.5% ($55.47 to $56.83)
- Call wall unchanged at $57
- Put wall $55 to $57
- Net GEX $10K to $148K
Reviewed by the QuantWheel research team. Modeled from listed HPE options data; not observed dealer inventory and not a forecast. Read how we compute HPE GEX levels.
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Want to compare strikes across expirations? View the HPE GEX heatmap.
Understanding HPE gamma exposure
HPE is classified in Technology Hardware, Storage and Peripherals within Information Technology. HPE options can respond to company earnings and changes in technology demand, product cycles, capital spending, and company guidance. Use the GEX chart to see whether modeled positive and negative exposure is concentrated at a few strikes or spread across the selected chain.
New to the concept? Start with our guides to gamma in options and the options Greeks.
HPE GEX methodology and limitations
QuantWheel calculates HPE 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.
HPE GEX FAQ
What is HPE GEX?
HPE GEX estimates gamma exposure across listed HPE options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. HPE GEX does not reveal actual dealer positions or predict where HPE will trade.
How do I read the HPE call wall and put wall?
QuantWheel labels the HPE call wall as the strike with the largest positive modeled GEX and the HPE put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the HPE price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the HPE gamma flip?
The HPE gamma flip is the price where modeled net gamma crosses zero for the selected HPE options data. Compare it with the current price and the shape of the strike chart. The HPE gamma flip is a model output, not a trading signal.
Which expirations should I use for HPE GEX?
Start with the nearest HPE expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which HPE contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the HPE GEX calculator free?
Yes. You can run up to three free HPE 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.