Free ZBH GEX - Live Zimmer Biomet Gamma Exposure
Explore free ZBH GEX for Zimmer Biomet across the expirations you select. Use the strike chart to compare modeled net exposure, call and put walls, and the gamma flip in the context of procedure volumes, product demand, approvals, and hospital spending.
How to use the ZBH GEX tool
Search ZBH
ZBH 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
ZBH GEX levels in detail
Data as of
Spot
$93.63
Call wall
$100
6.8% above spot
Put wall
$90
3.9% below spot
Gamma flip
$91.33
2.5% below spot
Net GEX
$772
positive gamma
Largest gamma by strike
- $100 $1K
- $90 -$762
- $95 $319
- $85 -$114
- $105 $68
Since the previous session (Sep 21)
- Spot down 0.7% ($94.32 to $93.63)
- Call wall unchanged at $100
- Put wall unchanged at $90
- Net GEX $715 to $772
Reviewed by the QuantWheel research team. Modeled from listed ZBH options data; not observed dealer inventory and not a forecast. Read how we compute ZBH GEX levels.
Build your ZBH GEX workspace
Add ZBH Heatmap, Max Pain and other GEX views to a custom multi-ticker workspace.
Want to compare strikes across expirations? View the ZBH GEX heatmap.
Understanding ZBH gamma exposure
Zimmer Biomet is classified in Health Care Equipment within Health Care. ZBH options can respond to company earnings and changes in procedure volumes, product demand, approvals, and hospital spending. Use the GEX chart to see whether modeled positive and negative exposure is concentrated at a few strikes or spread across the selected chain.
The ZBH call wall, put wall, and gamma flip depend on the contracts included in the calculation. Recompute the chart after changing expirations and compare the distribution around the current price. The output is positioning context rather than a forecast.
New to the concept? Start with our guides to gamma in options and the options Greeks.
ZBH GEX methodology and limitations
QuantWheel calculates ZBH 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.
ZBH GEX FAQ
What is ZBH GEX?
ZBH GEX estimates gamma exposure across listed ZBH options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. ZBH GEX does not reveal actual dealer positions or predict where ZBH will trade.
How do I read the ZBH call wall and put wall?
QuantWheel labels the ZBH call wall as the strike with the largest positive modeled GEX and the ZBH put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the ZBH price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the ZBH gamma flip?
The ZBH gamma flip is the price where modeled net gamma crosses zero for the selected ZBH options data. Compare it with the current price and the shape of the strike chart. The ZBH gamma flip is a model output, not a trading signal.
Which expirations should I use for ZBH GEX?
Start with the nearest ZBH expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which ZBH contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the ZBH GEX calculator free?
Yes. You can run up to three free ZBH 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.