Free NFLX GEX - Live Netflix Gamma Exposure
Free NFLX GEX maps Netflix gamma exposure by strike. Choose expirations around earnings or quieter trading periods, then generate the chart to compare net GEX, call wall, put wall and gamma flip across NFLX options.
How to use the NFLX GEX tool
Search NFLX
NFLX 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
NFLX GEX levels in detail
Data as of
Spot
$69.66
Call wall
$70
0.5% above spot
Put wall
$70
0.5% above spot
Gamma flip
$67.10
3.7% below spot
Net GEX
$888K
positive gamma
Largest gamma by strike
- $70 $260K
- $69 $172K
- $71 $145K
- $65 -$108K
- $72 $94K
Since the previous session (Oct 6)
- Spot up 1.3% ($68.74 to $69.66)
- Call wall unchanged at $70
- Put wall unchanged at $70
- Net GEX $400K to $888K
Reviewed by the QuantWheel research team. Modeled from listed NFLX options data; not observed dealer inventory and not a forecast. Read how we compute NFLX GEX levels.
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Want to compare strikes across expirations? View the NFLX GEX heatmap.
Understanding NFLX gamma exposure
NFLX reports early in each big tech earnings season, and its options market often prices double-digit earnings moves. NFLX gamma exposure therefore follows the earnings cycle. It builds into the report, peaks in the expiration that contains it, and resets within days. The high nominal share price spreads gamma across wide strike intervals, making the standout wall strikes especially meaningful.
Between earnings, NFLX gamma is often more stable than that of most growth stocks. After an earnings gap, check whether NFLX trades above or below the gamma flip. The flip describes the selected options data and does not predict whether the move continues.
New to the concept? Start with our guides to gamma in options and the options Greeks.
NFLX GEX methodology and limitations
QuantWheel calculates NFLX 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.
NFLX GEX FAQ
What is NFLX GEX?
NFLX GEX estimates gamma exposure across listed NFLX options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. NFLX GEX does not reveal actual dealer positions or predict where NFLX will trade.
How do I read the NFLX call wall and put wall?
QuantWheel labels the NFLX call wall as the strike with the largest positive modeled GEX and the NFLX put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the NFLX price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the NFLX gamma flip?
The NFLX gamma flip is the price where modeled net gamma crosses zero for the selected NFLX options data. Compare it with the current price and the shape of the strike chart. The NFLX gamma flip is a model output, not a trading signal.
Which expirations should I use for NFLX GEX?
Start with the nearest NFLX expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which NFLX contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the NFLX GEX calculator free?
Yes. You can run up to three free NFLX 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.