Free NWSA GEX - Live News Corp Gamma Exposure
Explore free NWSA GEX for News Corp across the expirations you select. Use the strike chart to compare modeled net exposure, call and put walls, and the gamma flip in the context of advertising demand, subscriber activity, content spending, and product changes.
How to use the NWSA GEX tool
Search NWSA
NWSA 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
NWSA GEX levels in detail
Data as of
Spot
$28.49
Call wall
$25
12.2% below spot
Put wall
$22.50
21.0% below spot
Gamma flip
$21.04
26.1% below spot
Net GEX
$1K
positive gamma
Largest gamma by strike
- $25 $1K
- $30 $329
- $22.50 -$290
- $35 $115
- $20 -$35
Since the previous session (Sep 24)
- Spot up 0.2% ($28.44 to $28.49)
- Call wall unchanged at $25
- Put wall unchanged at $22.50
- Net GEX $1K to $1K
Reviewed by the QuantWheel research team. Modeled from listed NWSA options data; not observed dealer inventory and not a forecast. Read how we compute NWSA GEX levels.
Build your NWSA GEX workspace
Add NWSA Heatmap, Max Pain and other GEX views to a custom multi-ticker workspace.
Understanding NWSA gamma exposure
News Corp operates in publishing, so its options may reflect earnings alongside changes in advertising demand, subscriber activity, content spending, and product changes. Review the full NWSA strike profile, including both positive and negative modeled exposure, before interpreting the displayed walls.
New to the concept? Start with our guides to gamma in options and the options Greeks.
NWSA GEX methodology and limitations
QuantWheel calculates NWSA 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.
NWSA GEX FAQ
What is NWSA GEX?
NWSA GEX estimates gamma exposure across listed NWSA options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. NWSA GEX does not reveal actual dealer positions or predict where NWSA will trade.
How do I read the NWSA call wall and put wall?
QuantWheel labels the NWSA call wall as the strike with the largest positive modeled GEX and the NWSA put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the NWSA price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the NWSA gamma flip?
The NWSA gamma flip is the price where modeled net gamma crosses zero for the selected NWSA options data. Compare it with the current price and the shape of the strike chart. The NWSA gamma flip is a model output, not a trading signal.
Which expirations should I use for NWSA GEX?
Start with the nearest NWSA expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which NWSA contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the NWSA GEX calculator free?
Yes. You can run up to three free NWSA 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.