Free ARKK GEX - ARKK Gamma Exposure
Free ARKK GEX maps gamma exposure by strike across ARKK options. Select expirations for the high-growth market period you are studying, then generate the chart to compare net GEX, call wall, put wall and gamma flip.
How to use the ARKK GEX tool
Search ARKK
ARKK 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 ARKK GEX workspace
Add ARKK Heatmap, Max Pain and other GEX views to a custom multi-ticker workspace.
Open GEX WorkspaceWant to compare strikes across expirations? View the ARKK GEX heatmap.
Understanding ARKK gamma exposure
ARKK is an actively managed fund, which makes its gamma exposure unusual among ETFs: the underlying basket changes as the manager trades, so the relationship between ARKK's options positioning and any fixed set of stocks is looser than it would be for an index product. What ARKK GEX does measure cleanly is speculative appetite for long-duration growth - the ETF has become shorthand for that trade, and its options market is where people express views on it.
New to the concept? Start with our guides to gamma in options and the options Greeks.
ARKK GEX methodology and limitations
QuantWheel calculates ARKK 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.
ARKK GEX FAQ
What is ARKK GEX?
ARKK GEX estimates gamma exposure across listed ARKK options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. ARKK GEX does not reveal actual dealer positions or predict where ARKK will trade.
How do I read the ARKK call wall and put wall?
QuantWheel labels the ARKK call wall as the strike with the largest positive modeled GEX and the ARKK put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the ARKK price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the ARKK gamma flip?
The ARKK gamma flip is the price where modeled net gamma crosses zero for the selected ARKK options data. Compare it with the current price and the shape of the strike chart. The ARKK gamma flip is a model output, not a trading signal.
Which expirations should I use for ARKK GEX?
Start with the nearest ARKK expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which ARKK contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the ARKK GEX calculator free?
Yes. You can run up to three free ARKK 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.