NFLX GEX — Live Gamma Exposure
Live NFLX GEX levels for Netflix, Inc.: net gamma exposure, call wall, put wall, and the gamma flip level — plus a free interactive NFLX GEX chart.
The calculator below is pre-filled with NFLX — hit search to compute the latest gamma exposure by strike from live options data. Prefer strikes and expirations in one view? Open the NFLX 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 most negative GEX (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 NFLX gamma exposure
NFLX kicks off big-tech earnings season every quarter, and its options market is famous for pricing — and sometimes badly mispricing — double-digit earnings moves. Gamma exposure in NFLX is therefore event-cyclical: it builds relentlessly 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 settles into cleaner gamma regimes than most growth names, with a call wall that defines rally caps and a put wall that steps up during uptrends. Its gamma flip level is a useful tell for momentum traders: NFLX holding above flip after an earnings gap has historically been a strong continuation signal.
New to the concept? Start with our guides to gamma in options and the options Greeks.
NFLX GEX FAQ
What is NFLX GEX (gamma exposure)?
NFLX GEX measures the aggregate gamma that options market makers carry across all NFLX strikes and expirations. When NFLX 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 Netflix, Inc. options chain.
What is the NFLX call wall and put wall?
The NFLX call wall is the strike with the largest positive gamma exposure and often acts as resistance, while the NFLX 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 $76, the put wall is at $65, the gamma flip level is near $72.13.
What is the NFLX gamma flip level?
The NFLX 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 NFLX volatility; below it, the same hedging amplifies moves in both directions. The latest computed flip level is near $72.13.
How often is NFLX 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 NFLX options chain data on demand. Open interest itself is published by OCC once daily before the open.
Is this NFLX GEX chart free?
Yes. The NFLX 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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The QuantWheel GEX Dashboard adds unlimited lookups, intraday gamma tracking, wall-movement alerts, and a multi-ticker workspace.
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