Gamma exposure chart This will help SPOT GAMMA EXPOSURE (GEX) is the assumed $ value of gamma exposure that market makers need to hedge per 1% change of the underlying stock's price movement. First we’d note the heteroscedastic nature of the SpotGamma Index is similar to that of typical “Gamma Notional” plots (see 3rd chart in green). Gamma exposure is the estimated dollar value that market makers must hedge for every 1% change in the underlying asset's price. So many private messages asking me to explain GEX, I decided to repost the banned post without the restricted content in it. NFTY Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. Jul 18, 2022 · Would it be possible to take the code below that I have on the options chain and build a lower study that would show the change in gamma for the highlighted Strikes for 0DTE? Even if I had to change the date each day in the code to get it to pull the data? I would want this for SPX and SPY so I AMD Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. Real-time options gamma exposure analytics and dealer positioning insights for professional traders. Oct 16, 2025 · IBKR Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. May 9, 2023 · Gamma Exposure (GEX) is a valuable tool for analyzing supply and demand in the options market. The Gamma Exposure (GEX) for AVGO options. Perhaps you will assist you in your quest. 3 days ago · Analyze daily gamma exposure for First Trust India NIFTY 50 Equal Weight ETF (NFTY). A high gamma exposure indicates that the delta of the options position will change rapidly as the underlying asset's price fluctuates. Gamma exposure levels are always positive for call options and negative for put options. It also charts the gamma exposure profile, showing the potential impact on the market. Sep 4, 2025 · ON Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. GEX represents the aggregate gamma exposure of options market participants. Gamma (Γ) itself is the rate of change of delta (Δ),which measures how much an option’s price will change with a $1 move in the underlying asset. Oct 31, 2025 · By leveraging tools like Barchart's options analytics, including Gamma Exposure charts, you can incorporate Gamma analysis into your trading strategy. These observations can provide insight into how those same customers may react in specific price areas. This script is designed to generate the absolute gamma exposure and gamma profile charts of the S&P 500 index based on the current options market. What Is Gamma Exposure? Gamma is an options Greek that reflects how sensitive an option's price is to changes in the price of the underlying asset. When dealers are net long gamma, dealers hedge by buying more with each point a security falls, and selling more with each point it rises, thereby suppressing volatility. co © 2017–2025 SqueezeMetrics S&P 500® is a registered trademark of Standard & Poor's Financial Services, LLC TSLA Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. Oct 21, 2025 · NDAQ Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. STRA Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. Access historical volume, open interest trends, and save options contracts for detailed analysis and insights. The Gamma Exposure (GEX) is a measure that shows how exposed options dealers and market makers are to movements in the share price of an underlying security. The gamma flip level changes based on collective gamma exposure (as seen above). How is GEX calculated? GEX is calculated based on a 1% move of the underlying security It's calculated and updated throughout the day It's based on market positioning and open interest These May 16, 2023 · Gamma walls are created when a concentration of options contracts expires around a specific strike price. Nov 9, 2024 · Gamma Exposure (GEX) has become an increasingly important metric in modern options trading, providing traders with valuable insights into potential market movements and volatility. Sep 9, 2025 · HOOD Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. Sep 19, 2025 · Aapl Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. Our model utilizes several skew measurements to adjust the estimated MM exposure. thinkorswim® is owned by TD… Jun 25, 2025 · Introducing the SPX Gamma Dashboard: Optimized for 0DTE and Intraday Futures Traders The SPX Gamma Dashboard is an Excel-based tool specifically designed for traders focused on 0DTE options and intraday futures. Jun 20, 2024 · This basic expression of gamma exposure on the first chart below shows you that the total gamma exposure for $AMZN has largely been positive over the last 6 months, even longer. AMZN Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. The takeaway is this: gamma exposure determines how option dealers hedge their positions, and their hedging behavior can influence short-term price action in the market. 37 votes, 42 comments. Gamma exposure curves and daily snapshots of real-time options trading charts and more. 2 days ago · Gamma Exposure By Strike Price (beta) This page shows the gamma exposure for TSLA / Tesla, Inc. The Gamma Exposure (GEX) for INDY options. 6 days ago · Analyze daily gamma exposure for iShares Russell 2000 ETF (IWM). Features and Functionalities: Direct Input from Gamma Spreadsheet: Users can effortlessly copy rows of data from the Gamma spreadsheet and paste them into the 5 days ago · META|20251219|660. Anyone here know how they obtain this data? I want to see if I can obtain these gamma levels on my own. Sign Out Below is a sample of our Gamma Exposure charts. SPX Gamma is a dynamic platform built around real-time option-flow intelligence for 0 DTE traders. Oct 31, 2024 · 🔶Understanding GEX (Gamma Exposure) and Gamma Profiling Gamma Exposure (GEX) is a crucial concept in options trading because it reveals how options market positions can influence the dynamics of asset prices. It is calculated by summing up the gamma values of all options in the options chain. Gamma walls affect options pricing and can have an impact on market volatility - As the chart below shows, which highlights gamma walls from this week and how price action traded near those levels. Jun 23, 2025 · Firstly, it summarizes metrics such as price, gamma exposure, support and resistance levels, and call-put volume and open interest, hence enhancing trading efficiency. An explanation of the Interval Map and how it can be used to read Gamma Exposure (GEX). You can create your own trigger levels based on options positioning. Gamma Exposure (GEX) Calculation Info and Terms GEX is now provided in terms of $ per 1% move, with resepect to Market Maker's exposure. Gamma Exposure offers a clear picture of how market makers are hedging to control risk, which can create buying and selling pressure on a stock. Jan 20, 2022 · Clearly, options that are in-the-money or out-of-the-money have less gamma exposure than at-the-money options. Feb 12, 2025 · Gamma Exposure (GEX) for the CBOE Volatility Index (TVC:VIX) is an estimate of how much option sellers need to hedge for every 1% change in the underlying asset's price. ordered by Strike Price. Sep 15, 2025 · Gamma Exposure (GEX) also known as Gamma Levels, measures the change in delta exposure for options based on changes in the underlying price. Sep 23, 2025 · IBM Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. Why is this Chart important? Like we explained above, the Net GEX is the gamma exposure. Apr 26, 2013 · BTC Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. It offers real-time insights into gamma exposure, open interest, potential call / put walls, and gamma bias. Exposure charts are crucial to the NTD process as they provide valuable guidance for technicians, including determining the correct settings, radiation levels and exposure times for each test material. Please note that this indicator only works on a daily timeframe. Gamma exposure highlights important price levels where there is significant gamma based on market positioning and open interest. Screen stocks based on options gamma exposure to gain a trading edge. Ionizing Radiation Whole body, acute: G-I destruction; lung damage; cognitive dysftnction (death certain m 5 to 12 days)* Cancer Radiotherapy total doses to tumor HSS Whole body, acute: 10,000 rem cerebral/ vascular breakdown Dose Ranges ( Life Span Study (A-bomb suwivor Total Body epidemiology) Irradiation (TBI) Therapy 2000 4000 6000 8000 The Gamma Exposure (GEX) for IWM options. A positive value is long gamma while a negative value is short gamma. A positive GEX indicates a long gamma position, while a negative GEX indicates a short gamma position. The Gamma Exposure (GEX) for IBKR options. Sep 19, 2025 · App Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. An explanation of what Gamma Exposure is and how it can be used. The Gamma Exposure (GEX) for NVDA options. May 30, 2022 · Based on the great work done by others here, I present the OptionsHacker - An indicator that will scan the options chain and display information about volume, open interest, and gamma exposure. It will be hidden automatically on The Gamma Exposure (GEX) for QQQ options. $SPX Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. Positive Skew Feb 17, 2024 · Overview: Gamma is part of the second order of greeks which measure the sensitivity of first order greeks (Delta) to changes in factors of the underlying. Gamma Exposure (GEX) also known as Gamma Levels, measures the change in delta exposure for options based on changes in the underlying price. Free trading and investing tools from SpotGamma. Nov 11, 2024 · Gamma Exposure (GEX) also known as Gamma Levels, measures the change in delta exposure for options based on changes in the underlying price. This chart gives us a structural map of market pressure: The Gamma Exposure (GEX) for NFTY options. Sep 4, 2025 · Stocks Volatility & Greeks for S&P 500 Index with option quotes, option chains, greeks and volatility. Sep 23, 2023 · AMT: Custom Levels Plotter Indicator Purpose: This indicator is designed to allow users to directly visualize custom price levels and their associated labels on a trading chart by copying and pasting data from the Gamma spreadsheet. Here is a quick primer on understanding the Gamma exposure chart and key levels. View live Realized Volatility Index chart to track latest index dynamics. The tool provides visualizations for absolute gamma exposure and gamma exposure by calls and puts. How is GEX calculated? GEX is calculated based on a 1% move of the underlying security It's calculated and updated throughout the day It's based on market positioning and open interest These Gamma exposure is the estimated dollar value that market makers must hedge for every 1% change in the underlying asset's price. This gives traders the strike prices that have more potential of becoming magnets throughout the day. Feb 10, 2025 · Net gamma exposure is a measure of the overall market's sensitivity to changes in the price of the underlying asset (in this case, the S&P 500 Index). By merging institutional data, dealer positioning, and engineered analytics, we reveal the structure and intent behind every move. Dec 14, 2023 · How Gamma Exposure Works: Unraveling the Dynamics of Risk Hedging December 13, 2023 Understanding how big players in the market use Gamma Exposure can provide an enormous edge to your trading … Mar 13, 2023 · The final chart shows gamma exposure based on the naive model. The charts below highlight two key graphics depicting the important but subtle changes in gamma using this updated formula. Gamma Exposure (GEX) provides a measurement of how many shares Market Makers must buy (or sell) in order to stay neutral as the underlying stock moves. If Real-time Gamma Exposure, Proprietary Levels such as True Zero Gamma, Delta, and Vanna Exposure, real-time updates, market breadth, sentiment, and more. CBOE:GAMMA ideas, forecasts and market news are at your disposal as well. Spot Gamma Exposure (GEX) is the estimated dollar value of gamma exposure that market makers must hedge for every 1% change in the underlying stock's price movement. This tool helps traders and analysts understand market positioning through gamma exposure charts. If you want the restricted content, send me a How this is done? (Gamma exposure from the option chain put on chart) Help Request | Unsolved Oct 30, 2025 · COIN Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. 3 days ago · Analyze daily gamma exposure for S&P 500 Index (^SPX). 00C Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. SpotGamma analyses the options market with proprietary market data and daily reports to empower all traders to see how options drive stocks. GLD Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. Apr 23, 2023 · Gex is short for Gamma Exposure. In fact I posted an idea with a really good explanation idea of gamma exposure but the idea was banned and I never got around to reposting. It is below that strike where our model predicts increased volatility as dealers go from buyers to sellers. 51K subscribers in the thinkorswim community. The Gamma Exposure (GEX) for BTC options. Learn how the GEX Live Feed delivers real-time Gamma Exposure, Delta Exposure, and market levels—no Sierra Chart needed. Positive Skew Jul 29, 2025 · Spot Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. This article explores how GEX levels influence market dynamics and how traders can utilize this information in their trading strategies. GEX Levels represent the levels with the highest Gamma Exposure. Why we have it? The Gamma Exposure (GEX) for TSLA options. By observing positive and negative gamma exposure bars on the Directionalized Volume Spot Gamma Exposure chart we can identify areas where Customers are buying and selling in short-dated expiries. Investors and large funds lower risk and protect their money by selling calls and buying puts. Gamma Exposure (GEX) Measures the exposure of market makers to changes in the gamma of options contracts. Investors and large funds mitigate risk and safeguard their investments by selling calls and purchasing puts. Includes GEX Chart, Key Levels, and Gamma Map to anticipate price inflections with precision. Calls = Positive A brief surface level intro to a gamma exposure chart and how to read it. Sep 22, 2025 · MAIN Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. Nov 13, 2025 · Gamma Exposure By Strike Price (beta) This page shows the gamma exposure for NVDA / NVIDIA Corporation ordered by Strike Price. I started tracking gamma exposure over a year ago. The daily GexView indicator displays thin green lines, which represent the gamma exposure of zero-days-to-expire contracts. dix. Whether you're a buyer seeking high returns or a seller managing risk, understanding Gamma ensures you're better prepared to navigate the market's complexities. You can see that there is a large amount of gamma supply at 305 (right most arrow) and gamma flips from positive to negative around 301. Much research has also been devoted to determining radiation sensitivities for risk of cancer in the different tissues and organs of the human body, and this information has been used to Oct 31, 2019 · Below is a chart of gamma across all strikes in SPY. Gamma exposure is the estimated dollar value that option sellers must hedge for every 1% change in the underlying asset's price to remain gamma neutral. The Gamma Exposure (GEX) for SPY options. It measures the rate of change of delta, known as the “hedge ratio” - and when gamma exposure is extreme, it means market makers can be forced to hedge their positions quickly. They are generally the highest around the price of the underlying and when the option contract is closer to expiration. 05 with a $1 change in the stock price. SPY Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. Gamma By Strikes update every minute Estimates Of Real-Time Open-Interest Intuitive Gamma Through Time display to track Underlying, GEX, True Center, and LG levels Real-Time data for SPX and SPY options Pre-open data available from 8:30 EST Learn more about our subscription Feb 6, 2023 · So You’ve Heard About Gamma Exposure (GEX). To calculate Jan 3, 2024 · There's this company that posts and gives live data of certain gamma levels throughout the day on the spx chain. The bigger the candle the more its always attracted to it. Discover Options Gamma Exposure Insights Identify market inflection points and opportunities with our advanced GEX analysis tools. There is a third important radiation exposure quantity that is useful in some instances, but is not used for the Dose Ranges Chart – the effective dose. The chart below will show us the Gamma Exposure for all expirations. Thank you The The Net GEX chart visualizes the distribution of gamma exposure across strike prices: Green bars show net call gamma exposure Red bars show net put gamma exposure The widest bars point to the strikes where dealers are most exposed—these become our Call Resistance and Put Support zones. Oct 31, 2024 · Gamma Exposure (GEX) is a crucial concept in options trading because it reveals how options market positions can influence the dynamics of asset prices. Feb 3, 2022 · This is the Zero Gamma point, where the dealer gamma exposure flips from positive to negative. These elevated values reflect where market-makers may need to hedge to mitigate their risk, offering important levels of The net gamma exposure view shows you, strike-by-strike, the net gamma exposure of Market Makers, which you can use to determine if their delta hedging activity is more likely to accelerate (when the net gamma exposure is negative) price movements or suppress (when the net gamma exposure is positive) price movements. In this particular example, the at-the-money option gamma suggests that the option deltas will change by ±0. Nov 3, 2022 · BlackBoxStocks’ proprietary Gamma Exposure indicator provides traders with up-to-the-minute insights, setting it apart from other gamma exposure indicators in the market. It's also known as Gamma Levels. These elevated values reflect where market-makers may need to hedge to mitigate their risk, offering important levels of RT Gamma RT Gamma helps traders monitor intraday option activity to make better trading decisions. Oct 29, 2025 · Meta Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. Feb 1, 2020 · After listening to a comment by Don Kaufman of TheoTrade regarding the zero commission on stock/ETF trades with TDAmeritrade, I started learning about gamma scalping and found it very, very interesting. The critical factor to keep in mind is the negative theta position of the straddles. Gamma Exposure Chart A Streamlit application that visualizes options gamma exposure data from CBOE. Apr 17, 2024 · Trading Examples on NQ and ES Futures Now let’s look at some examples on using Gamma Levels on Futures. A thinkscript study that will scan the options chain and display information about volume, open interest, and gamma exposure. GOOGL Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. If market makers are long gamma, they will be buying as price decreases and selling as price increases, which acts as a stabilizing factor on the market. Trading VolatilityYou must Sign In with a valid subscription or day pass for access to this page. Apr 20, 2023 · is there a gamma profile script available that would chart the gamma sesitivity to the stock price or range? maybe using the strikes 5below and 5 above an inputted strike position? Your Gamma Profile question has been moved to this thread. Spy Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. The Gamma Exposure (GEX) for PLTR options. In the chart below it is calculated at 4,048, with spot at 3,870. Nov 11, 2025 · TARA Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. the orderflow engine volatility-based orderflow classification with millisecond precision convexity ladder inflection points and chop zones - before they happen gamma exposure imbalance balancing dealer positioning with customer incentives Integrations Futures and live gamma levels, all in one place. By default Barchart features the two nearest Weekly and Monthly options contracts which can be modified through the Expiration Dates Selected box at the top of the charts. What is Gamma Exposure (GEX)? Sep 4, 2025 · CPRT Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. We want to understand Market Positioning and where Dealers might need to hedge their books. PLTR Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. Above this level, dealer hedging flows are stabilizing and add liquidity to the market. Gamma exposure (GEX) significantly influences the market's behavior due to the hedging impact from market makers and dealers. Cboe Japan Corporate Webpage to be permanently terminated effected from November 2025 Gamma Exposure (GEX) Calculation Info and Terms GEX is now provided in terms of $ per 1% move, with resepect to Market Maker's exposure. sqzme. Sep 19, 2025 · ALL Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. As of May 15, 2025 we have updated our GEX models so that only one model is required. . The Gamma Exposure (GEX) for CBOE options. For use with the ThinkOrSwim platform. In this video, we'll review how gamma works and how we formulate high probability trading strategies I use market profile and support resistance levels in my trading strategy. For Gamma Exposure type, select either ‘Flat By Strike’ for the most recent gamma levels based on the previous settlement or use ‘By Percent Change’ to display the levels based on a 1% change in the underlying from the previous settlement. In essence, GEX measures the collective gamma exposure of options market participants, impacting overall market stability and price movements. Positive Skew Unlock volatility and dealer positioning with the Gamma Exposure Study for Sierra Chart. Feb 12, 2025 · Gamma Exposure (GEX) for the CBOE Volatility Index (VIX) is an estimate of how much option sellers need to hedge for every 1% change in the underlying asset's price. Using Gamma, traders can see the potential delta hedging activity by market makers. This The Gamma Exposure (GEX) for GME options. Gamma Exposure (GEX) is the gamma exposure value market makers need to hedge for a 1% change in the underlying stock's price movement. The unofficial subreddit for thinkorswim®. Gamma Exposure: The total gamma of their options positions. Curious: would it help if I incorporated Gamma levels into my levels on my chart? I know that they often publish gamma levels for the indexes, but I wasn’t sure if it’s worth adding those gamma levels for individual stocks like Apple, Nvidia, etc. Market makers play Gamma Exposure on SPX Today marks the first day in a long time where we can observe some green, bullish levels on gamma exposure. The first thing we want to look for is the Net Gamma Exposure or the Net GEX Chart. While in the previous section/chart we calculate it for a specific date, in this case we calculate the Net GEX by strike price. Previously we provided a "Naive GEX" and "Skew Adjusted GEX" (SA-GEX). Dec 28, 2023 · GEX or Gamma exposure, is a critical concept in the world of options trading, holding the key to understanding how market participants react to price movements. Qqq Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. See how traders use it to anticipate volatility and improve decision-making. But What About Vanna and Charm Exposures? We’ve released a brand new chart service showcasing these advanced but potentially powerful greek-based … 5 days ago · NVDA Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price. The Gamma Exposure (GEX) for OKLO options. Large net gamma exposure levels at key strikes can provide insights into dealer positioning and how it may impact price discovery due to hedging. With an exposure chart, you can avoid producing unclear images, overlooking defects and exposing yourself to unnecessary radiation. Sep 16, 2025 · BAC Gamma Exposure (GEX) measures the change in delta exposure for options based on changes in the underlying price.