Free TPL GEX - Live Texas Pacific Land Gamma Exposure
Review free TPL GEX for Texas Pacific Land by selecting the expirations you want to study. The chart compares modeled net GEX, call wall, put wall, gamma flip, and strike concentrations related to oil and gas prices, production, capital spending, and energy demand.
How to use the TPL GEX tool
Search TPL
TPL 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.
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
Key levels
TPL GEX levels in detail
Data as of
Spot
$333.88
Call wall
$360
7.8% above spot
Put wall
$340
1.8% above spot
Gamma flip
$328.55
1.6% below spot
Net GEX
$61
positive gamma
Largest gamma by strike
- $360 $115
- $320 -$86
- $300 -$84
- $340 -$82
- $390 $80
Since the previous session (Oct 16)
- Spot down 5.4% ($353 to $333.88)
- Call wall unchanged at $360
- Put wall $350 to $340
- Net GEX -$883 to $61
Reviewed by the QuantWheel research team. Modeled from listed TPL options data; not observed dealer inventory and not a forecast. Read how we compute TPL GEX levels.
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Want to compare strikes across expirations? View the TPL GEX heatmap.
Understanding TPL gamma exposure
The TPL options chain represents Texas Pacific Land and its exposure to oil and gas prices, production, capital spending, and energy demand. Its GICS classification is Oil and Gas Exploration and Production. 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.
TPL GEX methodology and limitations
QuantWheel calculates TPL 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.
TPL GEX FAQ
What is TPL GEX?
TPL GEX estimates gamma exposure across listed TPL options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. TPL GEX does not reveal actual dealer positions or predict where TPL will trade.
How do I read the TPL call wall and put wall?
QuantWheel labels the TPL call wall as the strike with the largest positive modeled GEX and the TPL put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the TPL price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the TPL gamma flip?
The TPL gamma flip is the price where modeled net gamma crosses zero for the selected TPL options data. Compare it with the current price and the shape of the strike chart. The TPL gamma flip is a model output, not a trading signal.
Which expirations should I use for TPL GEX?
Start with the nearest TPL expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which TPL contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the TPL GEX calculator free?
Yes. You can run up to three free TPL 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.