SOUN GEX - Live Gamma Exposure
Live SOUN GEX levels for SoundHound AI, Inc.: net gamma exposure, call wall, put wall, and the gamma flip level — plus a free interactive SOUN GEX chart.
The calculator below is pre-filled with SOUN — hit search to compute the latest gamma exposure by strike from live options data. Prefer strikes and expirations in one view? Open the SOUN 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 SOUN gamma exposure
SoundHound AI is one of the purest examples of a small-cap name whose options market dwarfs its fundamentals in importance. Revenue is modest, but the stock became a retail vehicle for the voice-AI theme, and its options chain now carries gamma exposure disproportionate to the company's size - which is exactly why dealer hedging matters so much here.
The mechanics are straightforward and repeatable. A low share price makes out-of-the-money weekly calls extremely cheap, retail buys them in size on AI headlines, and dealers hedging that exposure have to buy a meaningful fraction of the stock's daily volume. The result is the vertical, fundamentally unexplained rallies SOUN is known for, with the call wall acting as a target rather than resistance. The put wall is thin; hedging demand in this name is minimal because most holders are outright long.
New to the concept? Start with our guides to gamma in options and the options Greeks.
SOUN GEX FAQ
What is SOUN GEX (gamma exposure)?
SOUN GEX measures the aggregate gamma that options market makers carry across all SOUN strikes and expirations. When SOUN 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 SoundHound AI, Inc. options chain.
What is the SOUN call wall and put wall?
The SOUN call wall is the strike with the largest positive gamma exposure and often acts as resistance, while the SOUN 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 $8, the put wall is at $8, the gamma flip level is near $4.23.
What is the SOUN gamma flip level?
The SOUN 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 SOUN volatility; below it, the same hedging amplifies moves in both directions. The latest computed flip level is near $4.23.
How often is SOUN 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 SOUN options chain data on demand. Open interest itself is published by OCC once daily before the open.
Is this SOUN GEX chart free?
Yes. The SOUN 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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