Free NFLX GEX - Netflix Gamma Exposure
Free NFLX GEX maps Netflix gamma exposure by strike. Choose expirations around earnings or quieter trading periods, then generate the chart to compare net GEX, call wall, put wall and gamma flip across NFLX options.
How to use the NFLX GEX tool
Search NFLX
NFLX 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
GEX Intraday PlayTape
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 NFLX GEX workspace
Add NFLX Heatmap, Max Pain and other GEX views to a custom multi-ticker workspace.
Open GEX WorkspaceWant to compare strikes across expirations? View the NFLX GEX heatmap.
Understanding NFLX gamma exposure
NFLX kicks off big-tech earnings season every quarter, and its options market is famous for pricing - and sometimes badly mispricing - double-digit earnings moves. Gamma exposure in NFLX is therefore event-cyclical: it builds relentlessly into the report, peaks in the expiration that contains it, and resets within days. The high nominal share price spreads gamma across wide strike intervals, making the standout wall strikes especially meaningful.
Between earnings, NFLX settles into cleaner gamma regimes than most growth names, with a call wall that defines rally caps and a put wall that steps up during uptrends. Its gamma flip level is a useful tell for momentum traders: NFLX holding above flip after an earnings gap has historically been a strong continuation signal.
New to the concept? Start with our guides to gamma in options and the options Greeks.
NFLX GEX methodology and limitations
QuantWheel calculates NFLX 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.
NFLX GEX FAQ
What is NFLX GEX?
NFLX GEX estimates gamma exposure across listed NFLX options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. NFLX GEX does not reveal actual dealer positions or predict where NFLX will trade.
How do I read the NFLX call wall and put wall?
QuantWheel labels the NFLX call wall as the strike with the largest positive modeled GEX and the NFLX put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the NFLX price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the NFLX gamma flip?
The NFLX gamma flip is the price where modeled net gamma crosses zero for the selected NFLX options data. Compare it with the current price and the shape of the strike chart. The NFLX gamma flip is a model output, not a trading signal.
Which expirations should I use for NFLX GEX?
Start with the nearest NFLX expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which NFLX contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the NFLX GEX calculator free?
Yes. You can run up to three free NFLX 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.