Free AMZN GEX - Amazon Gamma Exposure
Free AMZN GEX maps Amazon gamma exposure by strike. Choose expirations around earnings, cloud growth or consumer demand events, then generate the chart to compare net GEX, call wall, put wall and gamma flip.
How to use the AMZN GEX tool
Search AMZN
AMZN 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 SandboxGEX Workspace
Multi-ticker dashboard with alerts
GEX Heatmap
Strike-level gamma by expiration
GEX Intraday PlayTape
Intraday gamma movement & replay
Max Pain Calculator
Options pain strike by expiration
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
Build your AMZN GEX workspace
Add AMZN Heatmap, Max Pain and other GEX views to a custom multi-ticker workspace.
Open GEX WorkspaceWant to compare strikes across expirations? View the AMZN GEX heatmap.
Understanding AMZN gamma exposure
AMZN's dense strike ladder makes it useful to compare whether modeled exposure is concentrated at one strike or distributed across several expirations. Review the call wall, put wall, and gamma flip together. A large wall can frame the selected options positioning, but it does not determine how Amazon will trade after an event.
New to the concept? Start with our guides to gamma in options and the options Greeks.
AMZN GEX methodology and limitations
QuantWheel calculates AMZN 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.
AMZN GEX FAQ
What is AMZN GEX?
AMZN GEX estimates gamma exposure across listed AMZN options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. AMZN GEX does not reveal actual dealer positions or predict where AMZN will trade.
How do I read the AMZN call wall and put wall?
QuantWheel labels the AMZN call wall as the strike with the largest positive modeled GEX and the AMZN put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the AMZN price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the AMZN gamma flip?
The AMZN gamma flip is the price where modeled net gamma crosses zero for the selected AMZN options data. Compare it with the current price and the shape of the strike chart. The AMZN gamma flip is a model output, not a trading signal.
Which expirations should I use for AMZN GEX?
Start with the nearest AMZN expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which AMZN contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the AMZN GEX calculator free?
Yes. You can run up to three free AMZN GEX calculations per day on the public tool. After using those calculations, continue for free in the GEX Sandbox. Check the current QuantWheel pricing page for plan access details.