Free LITE GEX - Lumentum Gamma Exposure
Free LITE GEX maps Lumentum gamma exposure by strike. Select expirations around earnings, optical networking or communications demand events, then generate the chart to compare net GEX, call wall, put wall and gamma flip.
How to use the LITE GEX tool
Search LITE
LITE 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 LITE GEX workspace
Add LITE Heatmap, Max Pain and other GEX views to a custom multi-ticker workspace.
Open GEX WorkspaceWant to compare strikes across expirations? View the LITE GEX heatmap.
Understanding LITE gamma exposure
Lumentum makes the lasers and optical components that move data between AI accelerators, which turned a formerly cyclical telecom-equipment supplier into one of the more volatile ways to trade datacenter buildout. LITE's gamma exposure reflects that reinvention: implied volatility runs high, open interest concentrates in near-dated contracts, and the chain is thin enough that a moderate burst of call buying visibly shifts the whole gamma profile.
New to the concept? Start with our guides to gamma in options and the options Greeks.
LITE GEX methodology and limitations
QuantWheel calculates LITE 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.
LITE GEX FAQ
What is LITE GEX?
LITE GEX estimates gamma exposure across listed LITE options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. LITE GEX does not reveal actual dealer positions or predict where LITE will trade.
How do I read the LITE call wall and put wall?
QuantWheel labels the LITE call wall as the strike with the largest positive modeled GEX and the LITE put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the LITE price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the LITE gamma flip?
The LITE gamma flip is the price where modeled net gamma crosses zero for the selected LITE options data. Compare it with the current price and the shape of the strike chart. The LITE gamma flip is a model output, not a trading signal.
Which expirations should I use for LITE GEX?
Start with the nearest LITE expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which LITE contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the LITE GEX calculator free?
Yes. You can run up to three free LITE 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.