SNOW GEX - Live Gamma Exposure
Live SNOW GEX levels for Snowflake Inc.: net gamma exposure, call wall, put wall, and the gamma flip level — plus a free interactive SNOW GEX chart.
The calculator below is pre-filled with SNOW — hit search to compute the latest gamma exposure by strike from live options data. Prefer strikes and expirations in one view? Open the SNOW 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 SNOW gamma exposure
Snowflake's consumption-based pricing model makes its quarterly results genuinely hard to forecast - revenue depends on how much customers actually query, not on contracted seats - and the options market handles that uncertainty by keeping implied volatility elevated year-round. SNOW gamma exposure builds heavily into each report, and product-revenue guidance has repeatedly gapped the stock by double digits in either direction.
That gap history shapes how the levels behave. SNOW's call wall and put wall are respected during the quiet weeks between reports, when positive gamma and premium selling keep the stock range-bound, but they carry little authority through an earnings event - the whole gamma profile resets. The gamma flip level is most useful in the days immediately after a report, as a filter on whether the post-earnings move will extend: SNOW holding above flip after a gap up has been a reasonable continuation signal.
New to the concept? Start with our guides to gamma in options and the options Greeks.
SNOW GEX FAQ
What is SNOW GEX (gamma exposure)?
SNOW GEX measures the aggregate gamma that options market makers carry across all SNOW strikes and expirations. When SNOW 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 Snowflake Inc. options chain.
What is the SNOW call wall and put wall?
The SNOW call wall is the strike with the largest positive gamma exposure and often acts as resistance, while the SNOW 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 $280, the put wall is at $260, the gamma flip level is near $254.05.
What is the SNOW gamma flip level?
The SNOW 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 SNOW volatility; below it, the same hedging amplifies moves in both directions. The latest computed flip level is near $254.05.
How often is SNOW 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 SNOW options chain data on demand. Open interest itself is published by OCC once daily before the open.
Is this SNOW GEX chart free?
Yes. The SNOW 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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