ORCL GEX - Live Gamma Exposure
Live ORCL GEX levels for Oracle Corporation: net gamma exposure, call wall, put wall, and the gamma flip level — plus a free interactive ORCL GEX chart.
The calculator below is pre-filled with ORCL — hit search to compute the latest gamma exposure by strike from live options data. Prefer strikes and expirations in one view? Open the ORCL 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 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
Understanding ORCL gamma exposure
Oracle's transformation from a mature database vendor into an AI infrastructure story rewrote its options market. What was for years a sleepy, low-volatility chain now carries genuine speculative gamma, and ORCL's implied volatility has repriced to match a stock that can gap double digits on cloud-backlog disclosures. Gamma exposure builds heavily into its quarterly reports, where remaining performance obligation figures have repeatedly moved the stock more than any guidance number.
Because Oracle's fiscal calendar is offset from the rest of big tech, its earnings land when the sector is otherwise quiet, and its gamma profile resets in isolation - which makes ORCL GEX a cleaner read than names whose reports get lost in a crowded week. The call wall has been repeatedly overrun during AI-capex enthusiasm phases, forcing dealers to chase, while the put wall becomes the reference level whenever the market questions how much of the backlog converts to revenue.
New to the concept? Start with our guides to gamma in options and the options Greeks.
ORCL GEX FAQ
What is ORCL GEX (gamma exposure)?
ORCL GEX measures the aggregate gamma that options market makers carry across all ORCL strikes and expirations. When ORCL 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 Oracle Corporation options chain.
What is the ORCL call wall and put wall?
The ORCL call wall is the strike with the largest positive gamma exposure and often acts as resistance, while the ORCL 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 $125, the put wall is at $120, the gamma flip level is near $122.25.
What is the ORCL gamma flip level?
The ORCL 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 ORCL volatility; below it, the same hedging amplifies moves in both directions. The latest computed flip level is near $122.25.
How often is ORCL 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 ORCL options chain data on demand. Open interest itself is published by OCC once daily before the open.
Is this ORCL GEX chart free?
Yes. The ORCL 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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