LULU GEX - Live Gamma Exposure
Live LULU GEX levels for Lululemon Athletica Inc.: net gamma exposure, call wall, put wall, and the gamma flip level — plus a free interactive LULU GEX chart.
The calculator below is pre-filled with LULU — hit search to compute the latest gamma exposure by strike from live options data. Prefer strikes and expirations in one view? Open the LULU 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 LULU gamma exposure
Lululemon is the specialty-retail name with the most active options market, and its gamma exposure is almost entirely earnings-driven. Comparable sales growth is the number that matters, and the stock has a long history of gapping double digits on it - a pattern that keeps implied volatility elevated into every report and produces a call/put wall spread far wider than most apparel retailers carry.
The share price sits high enough that strike intervals are wide, concentrating gamma into few levels, but retail participation is meaningful enough to produce call-side laddering during momentum phases. Between reports LULU settles into positive gamma and pins reasonably well. The gamma flip level is most useful in the weeks after earnings, as a filter on whether a post-report move will extend - this stock has a tendency to trend for several sessions in the direction of its earnings gap when it holds above or below flip.
New to the concept? Start with our guides to gamma in options and the options Greeks.
LULU GEX FAQ
What is LULU GEX (gamma exposure)?
LULU GEX measures the aggregate gamma that options market makers carry across all LULU strikes and expirations. When LULU 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 Lululemon Athletica Inc. options chain.
What is the LULU call wall and put wall?
The LULU call wall is the strike with the largest positive gamma exposure and often acts as resistance, while the LULU 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 $120, the put wall is at $115, the gamma flip level is near $114.26.
What is the LULU gamma flip level?
The LULU 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 LULU volatility; below it, the same hedging amplifies moves in both directions. The latest computed flip level is near $114.26.
How often is LULU 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 LULU options chain data on demand. Open interest itself is published by OCC once daily before the open.
Is this LULU GEX chart free?
Yes. The LULU 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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