Free NWS GEX - Live News Corp Gamma Exposure
Use free NWS GEX to compare modeled gamma exposure by strike for News Corp. Choose one or more expirations, then review the call wall, put wall, gamma flip, and exposure in the context of advertising demand, subscriber activity, content spending, and product changes.
How to use the NWS GEX tool
Search NWS
NWS 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
NWS GEX levels in detail
Data as of
Spot
$31.76
Call wall
$35
10.2% above spot
Put wall
$30
5.5% below spot
Gamma flip
No level
Net GEX
$106
positive gamma
Largest gamma by strike
- $35 $132
- $30 -$22
Since the previous session (Oct 29)
- Spot down 1.3% ($32.18 to $31.76)
- Call wall unchanged at $35
- Put wall unchanged at $30
- Net GEX $129 to $106
Reviewed by the QuantWheel research team. Modeled from listed NWS options data; not observed dealer inventory and not a forecast. Read how we compute NWS GEX levels.
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Want to compare strikes across expirations? View the NWS GEX heatmap.
Understanding NWS gamma exposure
The NWS options chain represents News Corp and its exposure to advertising demand, subscriber activity, content spending, and product changes. Its GICS classification is Publishing. 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.
NWS GEX methodology and limitations
QuantWheel calculates NWS 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.
NWS GEX FAQ
What is NWS GEX?
NWS GEX estimates gamma exposure across listed NWS options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. NWS GEX does not reveal actual dealer positions or predict where NWS will trade.
How do I read the NWS call wall and put wall?
QuantWheel labels the NWS call wall as the strike with the largest positive modeled GEX and the NWS put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the NWS price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the NWS gamma flip?
The NWS gamma flip is the price where modeled net gamma crosses zero for the selected NWS options data. Compare it with the current price and the shape of the strike chart. The NWS gamma flip is a model output, not a trading signal.
Which expirations should I use for NWS GEX?
Start with the nearest NWS expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which NWS contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the NWS GEX calculator free?
Yes. You can run up to three free NWS 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.