Free ULTA GEX - Live Ulta Beauty Gamma Exposure
Free ULTA GEX maps modeled gamma exposure across Ulta Beauty options. Select expirations to compare the call wall, put wall, gamma flip, and strike-level exposure around consumer demand, pricing, inventory, and operating margins.
How to use the ULTA GEX tool
Search ULTA
ULTA 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
ULTA GEX levels in detail
Data as of
Spot
$541.22
Call wall
$575
6.2% above spot
Put wall
$470
13.2% below spot
Gamma flip
$541.49
0.0% above spot
Net GEX
-$874
negative gamma
Largest gamma by strike
- $515 -$514
- $470 -$349
- $520 -$347
- $465 -$312
- $525 -$302
Since the previous session (Oct 1)
- Spot up 0.6% ($537.73 to $541.22)
- Call wall unchanged at $575
- Put wall unchanged at $470
- Net GEX -$1K to -$874
Reviewed by the QuantWheel research team. Modeled from listed ULTA options data; not observed dealer inventory and not a forecast. Read how we compute ULTA GEX levels.
Build your ULTA GEX workspace
Add ULTA Heatmap, Max Pain and other GEX views to a custom multi-ticker workspace.
Want to compare strikes across expirations? View the ULTA GEX heatmap.
Understanding ULTA gamma exposure
The ULTA options chain represents Ulta Beauty and its exposure to consumer demand, pricing, inventory, and operating margins. Its GICS classification is Other Specialty Retail. Use the chart to identify where modeled exposure is concentrated and whether that concentration is consistent across expiration choices.
For ULTA, compare a single expiration with a combined view before interpreting the call wall, put wall, or gamma flip. Changes in open interest and the contracts selected can shift the modeled profile. These levels describe the selected options data and do not predict where Ulta Beauty will trade.
New to the concept? Start with our guides to gamma in options and the options Greeks.
ULTA GEX methodology and limitations
QuantWheel calculates ULTA 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.
ULTA GEX FAQ
What is ULTA GEX?
ULTA GEX estimates gamma exposure across listed ULTA options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. ULTA GEX does not reveal actual dealer positions or predict where ULTA will trade.
How do I read the ULTA call wall and put wall?
QuantWheel labels the ULTA call wall as the strike with the largest positive modeled GEX and the ULTA put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the ULTA price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the ULTA gamma flip?
The ULTA gamma flip is the price where modeled net gamma crosses zero for the selected ULTA options data. Compare it with the current price and the shape of the strike chart. The ULTA gamma flip is a model output, not a trading signal.
Which expirations should I use for ULTA GEX?
Start with the nearest ULTA expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which ULTA contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the ULTA GEX calculator free?
Yes. You can run up to three free ULTA 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.