Free SCHW GEX - Live Charles Schwab Gamma Exposure
Free SCHW GEX maps modeled gamma exposure across Charles Schwab options. Select expirations to compare the call wall, put wall, gamma flip, and strike-level exposure around deal activity, trading volumes, market levels, and capital raising.
How to use the SCHW GEX tool
Search SCHW
SCHW 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
SCHW GEX levels in detail
Data as of
Spot
$96.83
Call wall
$97
0.2% above spot
Put wall
$96
0.9% below spot
Gamma flip
$99.00
2.2% above spot
Net GEX
-$242K
negative gamma
Largest gamma by strike
- $96 -$117K
- $97 -$62K
- $95 -$36K
- $98 -$21K
- $100 -$17K
Since the previous session (Oct 1)
- Spot down 1.6% ($98.37 to $96.83)
- Call wall $99 to $97
- Put wall unchanged at $96
- Net GEX -$105K to -$242K
Reviewed by the QuantWheel research team. Modeled from listed SCHW options data; not observed dealer inventory and not a forecast. Read how we compute SCHW GEX levels.
Build your SCHW GEX workspace
Add SCHW Heatmap, Max Pain and other GEX views to a custom multi-ticker workspace.
Want to compare strikes across expirations? View the SCHW GEX heatmap.
Understanding SCHW gamma exposure
The SCHW options chain represents Charles Schwab and its exposure to deal activity, trading volumes, market levels, and capital raising. Its GICS classification is Investment Banking and Brokerage. 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.
SCHW GEX methodology and limitations
QuantWheel calculates SCHW 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.
SCHW GEX FAQ
What is SCHW GEX?
SCHW GEX estimates gamma exposure across listed SCHW options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. SCHW GEX does not reveal actual dealer positions or predict where SCHW will trade.
How do I read the SCHW call wall and put wall?
QuantWheel labels the SCHW call wall as the strike with the largest positive modeled GEX and the SCHW put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the SCHW price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the SCHW gamma flip?
The SCHW gamma flip is the price where modeled net gamma crosses zero for the selected SCHW options data. Compare it with the current price and the shape of the strike chart. The SCHW gamma flip is a model output, not a trading signal.
Which expirations should I use for SCHW GEX?
Start with the nearest SCHW expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which SCHW contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the SCHW GEX calculator free?
Yes. You can run up to three free SCHW 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.