Free SBAC GEX - Live SBA Communications Gamma Exposure
Free SBAC GEX helps you examine modeled SBA Communications gamma exposure by strike. Select one or more expirations to compare net GEX, the call wall, the put wall, and the gamma flip around occupancy, property demand, financing costs, and interest rates.
How to use the SBAC GEX tool
Search SBAC
SBAC 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
SBAC GEX levels in detail
Data as of
Spot
$176.28
Call wall
$185
4.9% above spot
Put wall
$175
0.7% below spot
Gamma flip
$181.15
2.8% above spot
Net GEX
-$1K
negative gamma
Largest gamma by strike
- $175 -$3K
- $185 $1K
- $195 $605
- $200 $352
- $190 $27
Since the previous session (Sep 18)
- Spot down 1.3% ($178.59 to $176.28)
- Call wall $195 to $185
- Put wall unchanged at $175
- Net GEX -$5K to -$1K
Reviewed by the QuantWheel research team. Modeled from listed SBAC options data; not observed dealer inventory and not a forecast. Read how we compute SBAC GEX levels.
Build your SBAC GEX workspace
Add SBAC Heatmap, Max Pain and other GEX views to a custom multi-ticker workspace.
Want to compare strikes across expirations? View the SBAC GEX heatmap.
Understanding SBAC gamma exposure
SBAC provides options exposure to SBA Communications, which operates in telecom tower reits. Earnings and shifts in occupancy, property demand, financing costs, and interest rates can change option pricing and open interest. The GEX chart shows how modeled exposure is distributed for the contracts and expirations you include.
New to the concept? Start with our guides to gamma in options and the options Greeks.
SBAC GEX methodology and limitations
QuantWheel calculates SBAC 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.
SBAC GEX FAQ
What is SBAC GEX?
SBAC GEX estimates gamma exposure across listed SBAC options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. SBAC GEX does not reveal actual dealer positions or predict where SBAC will trade.
How do I read the SBAC call wall and put wall?
QuantWheel labels the SBAC call wall as the strike with the largest positive modeled GEX and the SBAC put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the SBAC price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the SBAC gamma flip?
The SBAC gamma flip is the price where modeled net gamma crosses zero for the selected SBAC options data. Compare it with the current price and the shape of the strike chart. The SBAC gamma flip is a model output, not a trading signal.
Which expirations should I use for SBAC GEX?
Start with the nearest SBAC expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which SBAC contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the SBAC GEX calculator free?
Yes. You can run up to three free SBAC 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.