Free JPM GEX - JPMorgan Gamma Exposure
Free JPM GEX maps JPMorgan gamma exposure by strike. Select expirations around interest rates, credit conditions or earnings, then generate the chart to compare net GEX, call wall, put wall and gamma flip.
How to use the JPM GEX tool
Search JPM
JPM 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 JPM GEX workspace
Add JPM Heatmap, Max Pain and other GEX views to a custom multi-ticker workspace.
Open GEX WorkspaceWant to compare strikes across expirations? View the JPM GEX heatmap.
Understanding JPM gamma exposure
JPMorgan is the bellwether of US bank options, and it carries a structural feature no other name on this list does: JPMorgan itself runs one of the largest collar-based equity funds in the market, and the quarterly roll of those positions in the S&P 500 is a well-known gamma event. In JPM's own stock, the notable characteristic is how institutionally dominated the flow is - the options market is deep, mature, and almost entirely free of the lottery-ticket speculation that drives the tech names.
JPM options can reflect bank earnings, interest rates, credit conditions, and portfolio hedging. Compare the modeled walls and gamma flip across expirations to see whether exposure is concentrated or distributed across the chain. A large strike can provide context, but it does not prove sector stress or establish an expected expiration pin.
New to the concept? Start with our guides to gamma in options and the options Greeks.
JPM GEX methodology and limitations
QuantWheel calculates JPM 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.
JPM GEX FAQ
What is JPM GEX?
JPM GEX estimates gamma exposure across listed JPM options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. JPM GEX does not reveal actual dealer positions or predict where JPM will trade.
How do I read the JPM call wall and put wall?
QuantWheel labels the JPM call wall as the strike with the largest positive modeled GEX and the JPM put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the JPM price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the JPM gamma flip?
The JPM gamma flip is the price where modeled net gamma crosses zero for the selected JPM options data. Compare it with the current price and the shape of the strike chart. The JPM gamma flip is a model output, not a trading signal.
Which expirations should I use for JPM GEX?
Start with the nearest JPM expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which JPM contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the JPM GEX calculator free?
Yes. You can run up to three free JPM 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.