Free OKE GEX - Live Oneok Gamma Exposure
Review free OKE GEX for Oneok by selecting the expirations you want to study. The chart compares modeled net GEX, call wall, put wall, gamma flip, and strike concentrations related to oil and gas prices, production, capital spending, and energy demand.
How to use the OKE GEX tool
Search OKE
OKE 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
OKE GEX levels in detail
Data as of
Spot
$94.79
Call wall
$100
5.5% above spot
Put wall
$90
5.0% below spot
Gamma flip
$87.41
7.8% below spot
Net GEX
$63K
positive gamma
Largest gamma by strike
- $100 $42K
- $95 $14K
- $97.50 $9K
- $105 $3K
- $87.50 -$2K
Since the previous session (Oct 28)
- Spot down 0.4% ($95.15 to $94.79)
- Call wall unchanged at $100
- Put wall unchanged at $90
- Net GEX $63K to $63K
Reviewed by the QuantWheel research team. Modeled from listed OKE options data; not observed dealer inventory and not a forecast. Read how we compute OKE GEX levels.
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Want to compare strikes across expirations? View the OKE GEX heatmap.
Understanding OKE gamma exposure
OKE provides options exposure to Oneok, which operates in oil and gas storage and transportation. Earnings and shifts in oil and gas prices, production, capital spending, and energy demand can change option pricing and open interest. The GEX chart shows how modeled exposure is distributed for the contracts and expirations you include.
For OKE, compare a single expiration with a combined view before interpreting the call wall, put wall, or gamma flip. Changes in open interest and the contracts selected can shift the modeled profile. These levels describe the selected options data and do not predict where Oneok will trade.
New to the concept? Start with our guides to gamma in options and the options Greeks.
OKE GEX methodology and limitations
QuantWheel calculates OKE 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.
OKE GEX FAQ
What is OKE GEX?
OKE GEX estimates gamma exposure across listed OKE options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. OKE GEX does not reveal actual dealer positions or predict where OKE will trade.
How do I read the OKE call wall and put wall?
QuantWheel labels the OKE call wall as the strike with the largest positive modeled GEX and the OKE put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the OKE price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the OKE gamma flip?
The OKE gamma flip is the price where modeled net gamma crosses zero for the selected OKE options data. Compare it with the current price and the shape of the strike chart. The OKE gamma flip is a model output, not a trading signal.
Which expirations should I use for OKE GEX?
Start with the nearest OKE expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which OKE contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the OKE GEX calculator free?
Yes. You can run up to three free OKE 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.