Free EEM GEX - EEM Gamma Exposure
Free EEM GEX maps gamma exposure by strike across emerging-markets options. Choose expirations around currency, policy or global growth events, then generate the chart to compare net GEX, call wall, put wall and gamma flip.
How to use the EEM GEX tool
Search EEM
EEM 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
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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 EEM GEX workspace
Add EEM Heatmap, Max Pain and other GEX views to a custom multi-ticker workspace.
Open GEX WorkspaceWant to compare strikes across expirations? View the EEM GEX heatmap.
Understanding EEM gamma exposure
EEM gamma exposure is driven by the dollar, Chinese policy, and global growth expectations rather than by anything company-specific. Because a large share of the index sits in Chinese, Taiwanese and Korean equities that trade while US markets are closed, EEM regularly gaps at the open, and its options market spends the first hour of each session re-hedging overnight moves that already happened elsewhere.
New to the concept? Start with our guides to gamma in options and the options Greeks.
EEM GEX methodology and limitations
QuantWheel calculates EEM 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.
EEM GEX FAQ
What is EEM GEX?
EEM GEX estimates gamma exposure across listed EEM options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. EEM GEX does not reveal actual dealer positions or predict where EEM will trade.
How do I read the EEM call wall and put wall?
QuantWheel labels the EEM call wall as the strike with the largest positive modeled GEX and the EEM put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the EEM price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the EEM gamma flip?
The EEM gamma flip is the price where modeled net gamma crosses zero for the selected EEM options data. Compare it with the current price and the shape of the strike chart. The EEM gamma flip is a model output, not a trading signal.
Which expirations should I use for EEM GEX?
Start with the nearest EEM expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which EEM contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the EEM GEX calculator free?
Yes. You can run up to three free EEM 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.