Free SMCI GEX - Super Micro Gamma Exposure
Free SMCI GEX maps Super Micro gamma exposure by strike. Choose expirations around earnings, AI server demand or company events, then generate the chart to compare net GEX, call wall, put wall and gamma flip.
How to use the SMCI GEX tool
Search SMCI
SMCI 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 SMCI GEX workspace
Add SMCI Heatmap, Max Pain and other GEX views to a custom multi-ticker workspace.
Open GEX WorkspaceWant to compare strikes across expirations? View the SMCI GEX heatmap.
Understanding SMCI gamma exposure
SMCI has delivered some of the most extreme single-stock volatility of the AI era - massive rallies, brutal drawdowns, halts, and headline shocks - and its options market prices for chaos. Implied volatility runs persistently high, and gamma exposure swings between extremes: euphoric phases stack call gamma in wide ladders above the price, while accounting and guidance scares flip the profile put-heavy within a session.
Because SMCI gaps so frequently, its gamma flip level functions less as an intraday pivot and more as a gap-risk gauge: opening beyond the flip in negative-gamma territory has historically preceded outsized daily ranges. The put wall is the key level during stress episodes, marking where hedging demand is thickest.
New to the concept? Start with our guides to gamma in options and the options Greeks.
SMCI GEX methodology and limitations
QuantWheel calculates SMCI 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.
SMCI GEX FAQ
What is SMCI GEX?
SMCI GEX estimates gamma exposure across listed SMCI options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. SMCI GEX does not reveal actual dealer positions or predict where SMCI will trade.
How do I read the SMCI call wall and put wall?
QuantWheel labels the SMCI call wall as the strike with the largest positive modeled GEX and the SMCI put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the SMCI price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the SMCI gamma flip?
The SMCI gamma flip is the price where modeled net gamma crosses zero for the selected SMCI options data. Compare it with the current price and the shape of the strike chart. The SMCI gamma flip is a model output, not a trading signal.
Which expirations should I use for SMCI GEX?
Start with the nearest SMCI expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which SMCI contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the SMCI GEX calculator free?
Yes. You can run up to three free SMCI 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.