Free MTB GEX - Live M&T Bank Gamma Exposure
Use free MTB GEX to compare modeled gamma exposure by strike for M&T Bank. Choose one or more expirations, then review the call wall, put wall, gamma flip, and exposure in the context of interest rates, deposits, loan growth, and credit conditions.
How to use the MTB GEX tool
Search MTB
MTB 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
MTB GEX levels in detail
Data as of
Spot
$221.57
Call wall
$230
3.8% above spot
Put wall
$210
5.2% below spot
Gamma flip
$198.27
10.5% below spot
Net GEX
$2K
positive gamma
Largest gamma by strike
- $230 $2K
- $220 $567
- $210 -$189
- $240 $142
- $250 $37
Since the previous session (Oct 22)
- Spot down 0.5% ($222.61 to $221.57)
- Call wall unchanged at $230
- Put wall unchanged at $210
- Net GEX $2K to $2K
Reviewed by the QuantWheel research team. Modeled from listed MTB options data; not observed dealer inventory and not a forecast. Read how we compute MTB GEX levels.
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Want to compare strikes across expirations? View the MTB GEX heatmap.
Understanding MTB gamma exposure
The MTB options chain represents M&T Bank and its exposure to interest rates, deposits, loan growth, and credit conditions. Its GICS classification is Regional Banks. Use the chart to identify where modeled exposure is concentrated and whether that concentration is consistent across expiration choices.
New to the concept? Start with our guides to gamma in options and the options Greeks.
MTB GEX methodology and limitations
QuantWheel calculates MTB 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.
MTB GEX FAQ
What is MTB GEX?
MTB GEX estimates gamma exposure across listed MTB options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. MTB GEX does not reveal actual dealer positions or predict where MTB will trade.
How do I read the MTB call wall and put wall?
QuantWheel labels the MTB call wall as the strike with the largest positive modeled GEX and the MTB put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the MTB price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the MTB gamma flip?
The MTB gamma flip is the price where modeled net gamma crosses zero for the selected MTB options data. Compare it with the current price and the shape of the strike chart. The MTB gamma flip is a model output, not a trading signal.
Which expirations should I use for MTB GEX?
Start with the nearest MTB expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which MTB contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the MTB GEX calculator free?
Yes. You can run up to three free MTB 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.