JPM GEX - Live Gamma Exposure
Live JPM GEX levels for JPMorgan Chase & Co.: net gamma exposure, call wall, put wall, and the gamma flip level — plus a free interactive JPM GEX chart.
The calculator below is pre-filled with JPM — hit search to compute the latest gamma exposure by strike from live options data. Prefer strikes and expirations in one view? Open the JPM 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 JPM gamma exposure
JPMorgan is the bellwether of US bank options, and it carries a structural feature no other name on this list does: JPMorgan itself runs one of the largest collar-based equity funds in the market, and the quarterly roll of those positions in the S&P 500 is a well-known gamma event. In JPM's own stock, the notable characteristic is how institutionally dominated the flow is - the options market is deep, mature, and almost entirely free of the lottery-ticket speculation that drives the tech names.
That composition keeps JPM's gamma persistently positive and its regime stable. The call wall migrates upward in measured steps during bank rallies, the put wall builds on credit concerns rather than earnings misses, and pins into monthly expiration are among the more reliable in large-cap financials. JPM crossing its gamma flip level is unusual enough that it functions as a genuine stress signal for the sector, typically coinciding with a broader repricing of credit risk rather than anything specific to the bank.
New to the concept? Start with our guides to gamma in options and the options Greeks.
JPM GEX FAQ
What is JPM GEX (gamma exposure)?
JPM GEX measures the aggregate gamma that options market makers carry across all JPM strikes and expirations. When JPM 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 JPMorgan Chase & Co. options chain.
What is the JPM call wall and put wall?
The JPM call wall is the strike with the largest positive gamma exposure and often acts as resistance, while the JPM 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 $350, the put wall is at $330, the gamma flip level is near $346.03.
What is the JPM gamma flip level?
The JPM 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 JPM volatility; below it, the same hedging amplifies moves in both directions. The latest computed flip level is near $346.03.
How often is JPM 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 JPM options chain data on demand. Open interest itself is published by OCC once daily before the open.
Is this JPM GEX chart free?
Yes. The JPM 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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