Free DKNG GEX - DraftKings Gamma Exposure
Free DKNG GEX maps DraftKings gamma exposure by strike. Select expirations around earnings, major sports periods or regulatory events, then generate the chart to compare net GEX, call wall, put wall and gamma flip.
How to use the DKNG GEX tool
Search DKNG
DKNG 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
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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 DKNG GEX workspace
Add DKNG Heatmap, Max Pain and other GEX views to a custom multi-ticker workspace.
Open GEX WorkspaceWant to compare strikes across expirations? View the DKNG GEX heatmap.
Understanding DKNG gamma exposure
DraftKings has a gamma profile shaped by something no other name on this list shares: the sports calendar. Revenue and customer acquisition concentrate around the NFL season and major tournaments, and the options market positions accordingly - gamma builds into the autumn quarters and around state-by-state legalization decisions rather than following an even quarterly cadence.
DKNG options can react to earnings, state-level sports-betting decisions, tax changes, and industry news. Compare modeled call-side and put-side concentrations across expirations when those events are relevant. The call wall describes the largest positive modeled exposure in the selected data, not a price objective.
New to the concept? Start with our guides to gamma in options and the options Greeks.
DKNG GEX methodology and limitations
QuantWheel calculates DKNG 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.
DKNG GEX FAQ
What is DKNG GEX?
DKNG GEX estimates gamma exposure across listed DKNG options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. DKNG GEX does not reveal actual dealer positions or predict where DKNG will trade.
How do I read the DKNG call wall and put wall?
QuantWheel labels the DKNG call wall as the strike with the largest positive modeled GEX and the DKNG put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the DKNG price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the DKNG gamma flip?
The DKNG gamma flip is the price where modeled net gamma crosses zero for the selected DKNG options data. Compare it with the current price and the shape of the strike chart. The DKNG gamma flip is a model output, not a trading signal.
Which expirations should I use for DKNG GEX?
Start with the nearest DKNG expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which DKNG contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the DKNG GEX calculator free?
Yes. You can run up to three free DKNG 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.