Free RIOT GEX - Riot Gamma Exposure
Free RIOT GEX maps Riot gamma exposure by strike for a business spanning Bitcoin mining and data-center infrastructure. Select expirations, then generate the chart to compare net GEX, call wall, put wall and gamma flip.
How to use the RIOT GEX tool
Search RIOT
RIOT 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 RIOT GEX workspace
Add RIOT Heatmap, Max Pain and other GEX views to a custom multi-ticker workspace.
Open GEX WorkspaceWant to compare strikes across expirations? View the RIOT GEX heatmap.
Understanding RIOT gamma exposure
Riot occupies an interesting middle ground in the mining sector: it retains substantial Bitcoin mining capacity while converting some of its power infrastructure toward AI and high-performance computing tenants. That dual identity gives RIOT gamma exposure two distinct drivers, and the options market has repeatedly repriced the stock on datacenter-conversion announcements that have nothing to do with the crypto price.
Structurally, RIOT trades and hedges much like its mining peers - low share price, dense dollar-spaced strikes, gamma packed close to spot, and a persistent call-side tilt from retail speculation. Where it differs is in the behavior of its put wall, which has become stickier as institutional investors began treating the company as a power-infrastructure asset rather than a pure crypto proxy. When RIOT's gamma profile diverges from MARA's on the same day, a conversion or power-contract headline is usually the reason.
New to the concept? Start with our guides to gamma in options and the options Greeks.
RIOT GEX methodology and limitations
QuantWheel calculates RIOT 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.
RIOT GEX FAQ
What is RIOT GEX?
RIOT GEX estimates gamma exposure across listed RIOT options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. RIOT GEX does not reveal actual dealer positions or predict where RIOT will trade.
How do I read the RIOT call wall and put wall?
QuantWheel labels the RIOT call wall as the strike with the largest positive modeled GEX and the RIOT put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the RIOT price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the RIOT gamma flip?
The RIOT gamma flip is the price where modeled net gamma crosses zero for the selected RIOT options data. Compare it with the current price and the shape of the strike chart. The RIOT gamma flip is a model output, not a trading signal.
Which expirations should I use for RIOT GEX?
Start with the nearest RIOT expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which RIOT contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the RIOT GEX calculator free?
Yes. You can run up to three free RIOT 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.