SMCI GEX — Live Gamma Exposure
Live SMCI GEX levels for Super Micro Computer, Inc.: net gamma exposure, call wall, put wall, and the gamma flip level — plus a free interactive SMCI GEX chart.
The calculator below is pre-filled with SMCI — hit search to compute the latest gamma exposure by strike from live options data. Prefer strikes and expirations in one view? Open the SMCI 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 most negative GEX (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 SMCI gamma exposure
SMCI has delivered some of the most extreme single-stock volatility of the AI era — massive rallies, brutal drawdowns, halts, and headline shocks — and its options market prices for chaos. Implied volatility runs persistently high, and gamma exposure swings between extremes: euphoric phases stack call gamma in wide ladders above the price, while accounting and guidance scares flip the profile put-heavy within a session.
Because SMCI gaps so frequently, its gamma flip level functions less as an intraday pivot and more as a gap-risk gauge: opening beyond the flip in negative-gamma territory has historically preceded outsized daily ranges. The put wall is the key level during stress episodes, marking where hedging demand is thickest.
New to the concept? Start with our guides to gamma in options and the options Greeks.
SMCI GEX FAQ
What is SMCI GEX (gamma exposure)?
SMCI GEX measures the aggregate gamma that options market makers carry across all SMCI strikes and expirations. When SMCI 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 Super Micro Computer, Inc. options chain.
What is the SMCI call wall and put wall?
The SMCI call wall is the strike with the largest positive gamma exposure and often acts as resistance, while the SMCI 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 $36, the put wall is at $25, the gamma flip level is near $24.82.
What is the SMCI gamma flip level?
The SMCI 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 SMCI volatility; below it, the same hedging amplifies moves in both directions. The latest computed flip level is near $24.82.
How often is SMCI 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 SMCI options chain data on demand. Open interest itself is published by OCC once daily before the open.
Is this SMCI GEX chart free?
Yes. The SMCI 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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The QuantWheel GEX Dashboard adds unlimited lookups, intraday gamma tracking, wall-movement alerts, and a multi-ticker workspace.
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