Free MGM GEX - Live MGM Resorts Gamma Exposure
Free MGM GEX shows where modeled gamma exposure is concentrated in MGM Resorts options. Change expirations to compare the call wall, put wall, gamma flip, and strike profile around consumer demand, pricing, inventory, and operating margins.
How to use the MGM GEX tool
Search MGM
MGM 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. Need more?
Continue for free in the GEX demoWhat 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
MGM GEX levels in detail
Data as of
Spot
$32.77
Call wall
$40
22.1% above spot
Put wall
$36
9.9% above spot
Gamma flip
$33.05
0.8% above spot
Net GEX
-$9K
negative gamma
Largest gamma by strike
- $40 $62K
- $36 -$28K
- $39 -$20K
- $34 -$19K
- $31 -$15K
Since the previous session (Sep 24)
- Spot down 2.8% ($33.70 to $32.77)
- Call wall unchanged at $40
- Put wall unchanged at $36
- Net GEX $20K to -$9K
Reviewed by the QuantWheel research team. Modeled from listed MGM options data; not observed dealer inventory and not a forecast. Read how we compute MGM GEX levels.
Build your MGM GEX workspace
Add MGM Heatmap, Max Pain and other GEX views to a custom multi-ticker workspace.
Want to compare strikes across expirations? View the MGM GEX heatmap.
Understanding MGM gamma exposure
MGM provides options exposure to MGM Resorts, which operates in casinos and gaming. Earnings and shifts in consumer demand, pricing, inventory, and operating margins can change option pricing and open interest. The GEX chart shows how modeled exposure is distributed for the contracts and expirations you include.
New to the concept? Start with our guides to gamma in options and the options Greeks.
MGM GEX methodology and limitations
QuantWheel calculates MGM 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.
MGM GEX FAQ
What is MGM GEX?
MGM GEX estimates gamma exposure across listed MGM options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. MGM GEX does not reveal actual dealer positions or predict where MGM will trade.
How do I read the MGM call wall and put wall?
QuantWheel labels the MGM call wall as the strike with the largest positive modeled GEX and the MGM put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the MGM price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the MGM gamma flip?
The MGM gamma flip is the price where modeled net gamma crosses zero for the selected MGM options data. Compare it with the current price and the shape of the strike chart. The MGM gamma flip is a model output, not a trading signal.
Which expirations should I use for MGM GEX?
Start with the nearest MGM expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which MGM contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the MGM GEX calculator free?
Yes. You can run up to three free MGM 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.