XOM GEX - Live Gamma Exposure
Live XOM GEX levels for Exxon Mobil Corporation: net gamma exposure, call wall, put wall, and the gamma flip level — plus a free interactive XOM GEX chart.
The calculator below is pre-filled with XOM — hit search to compute the latest gamma exposure by strike from live options data. Prefer strikes and expirations in one view? Open the XOM 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 XOM gamma exposure
Exxon Mobil's options market is dominated by income-oriented holders writing calls against a large, long-held dividend position, which gives XOM one of the most persistently positive gamma profiles in the S&P 500. Dealer hedging here dampens moves rather than amplifying them, and the call wall functions as a genuine ceiling during crude rallies - price grinds into it and stalls far more often than it breaks through.
The drivers are macro and commodity-based rather than company-specific: OPEC+ decisions, inventory data, and refining margins move this stock more than any Exxon disclosure. That makes XOM gamma a useful cross-check on the energy complex, and because it is the largest holding in XLE, its gamma profile and the sector ETF's tend to reinforce each other. The gamma flip level is rarely tested outside genuine oil shocks, so when XOM does cross it the move usually has real supply-side news behind it.
New to the concept? Start with our guides to gamma in options and the options Greeks.
XOM GEX FAQ
What is XOM GEX (gamma exposure)?
XOM GEX measures the aggregate gamma that options market makers carry across all XOM strikes and expirations. When XOM 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 Exxon Mobil Corporation options chain.
What is the XOM call wall and put wall?
The XOM call wall is the strike with the largest positive gamma exposure and often acts as resistance, while the XOM 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 $150, the put wall is at $145, the gamma flip level is near $136.51.
What is the XOM gamma flip level?
The XOM 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 XOM volatility; below it, the same hedging amplifies moves in both directions. The latest computed flip level is near $136.51.
How often is XOM 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 XOM options chain data on demand. Open interest itself is published by OCC once daily before the open.
Is this XOM GEX chart free?
Yes. The XOM 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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