GAMMA EXPOSURE

$746.74 CACHE 7585S OLD · STALE 6 EXPIRIES
CAUTION SHORT GAMMA · CHOPPY
SHORT GAMMA · VOL-AMPLIFYING · NET GEX $-45.6M

Net GEX is negative ($-46M) but spot is above the gamma flip. Expect amplified intraday moves. Call wall at $760, put wall at $747 — breaks of either could move fast.

log in to add tickers
SPOT
$746.74
CALL WALL
$760
resistance / pin
PUT WALL
$747
support / pin
FLIP
$743.5
vol regime change
WHAT IS GAMMA EXPOSURE? ▾

Gamma exposure (GEX) shows where options market makers will buy or sell the underlying stock to hedge their books — which often creates natural support, resistance, and acceleration zones.

Call wall (green): a strike where market makers are heavily long calls. They sell stock as price rises toward it, creating resistance.

Put wall (red): a strike where market makers are heavily short puts. They buy stock as price falls toward it, creating support.

Gamma flip: the price level where the dealer's net gamma changes sign. Above it = volatility-dampening. Below it = volatility-amplifying. Crossing it intraday often triggers explosive moves.

2D BARS sums every expiry into one chart per strike — quick read. 3D SCATTER separates each expiry on the Y-axis — deeper dive. Same data, different views.