Free ARM GEX - Arm Gamma Exposure
Free ARM GEX maps Arm gamma exposure by strike. Choose expirations around earnings, chip architecture or licensing events, then generate the chart to compare net GEX, call wall, put wall and gamma flip.
How to use the ARM GEX tool
Search ARM
ARM 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
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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 ARM GEX workspace
Add ARM Heatmap, Max Pain and other GEX views to a custom multi-ticker workspace.
Open GEX WorkspaceWant to compare strikes across expirations? View the ARM GEX heatmap.
Understanding ARM gamma exposure
Arm's business model - licensing instruction-set architecture and collecting royalties rather than manufacturing chips - gives it a valuation the market struggles to anchor, and that uncertainty shows up directly in its gamma exposure. Implied volatility runs high for a company with such predictable revenue, because the debate is about multiple rather than fundamentals, and options traders express that debate through wide-ranging directional bets.
New to the concept? Start with our guides to gamma in options and the options Greeks.
ARM GEX methodology and limitations
QuantWheel calculates ARM 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.
ARM GEX FAQ
What is ARM GEX?
ARM GEX estimates gamma exposure across listed ARM options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. ARM GEX does not reveal actual dealer positions or predict where ARM will trade.
How do I read the ARM call wall and put wall?
QuantWheel labels the ARM call wall as the strike with the largest positive modeled GEX and the ARM put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the ARM price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the ARM gamma flip?
The ARM gamma flip is the price where modeled net gamma crosses zero for the selected ARM options data. Compare it with the current price and the shape of the strike chart. The ARM gamma flip is a model output, not a trading signal.
Which expirations should I use for ARM GEX?
Start with the nearest ARM expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which ARM contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the ARM GEX calculator free?
Yes. You can run up to three free ARM 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.