NEUTRALSteadying or destabilizing?

Dealer gamma is close to flat, so hedging is not pushing the market either way right now.

GEX / DEX / VEX

Loading GEX data…

Dealer Positioning

“Dealers” here are the market makers who sold most of these options — not your broker. To stay balanced they have to keep buying and selling the underlying shares, and that hedging can either calm the market down or make its moves bigger.

Loading dealer positioning…

NOPE Estimate

Options tail wagging the stock
PROEnd of day
Loading NOPE data…

Max Pain

PRO · EOD

Open Interest & Exposure by Strike

Each row is one price level — its strike — split into its call leg, which profits if the price rises, and its put leg, which profits if it falls. GEX is the hedging exposure for that leg on its own. OI, DEX and VEX — contracts still open, the directional lean and the volatility exposure — are combined call + put figures for the whole strike, so when a strike shows both a call row and a put row here, those three columns repeat the same number on both — the source data does not split them by leg. These are the ten rows with the largest individual gamma exposure on the chain (a strike can appear twice if both its call and put make the cut), sorted back into price order below — a periodic snapshot of open interest, not live order flow.

StrikeTypeOIGEXDEXVEX

Gamma Wall

Loading gamma data…

Alert Rule Builder

Your own alerts: when the S&P 500 (SPX) crosses a gamma wall, when the VIX goes above 25, when an FOMC rate decision is 24 hours away, or any combination.

Coming Soon

MapleGamma provides general market information and practice-trading results — trades placed with fake money, known as paper trading — for educational purposes only. Nothing on this site is investment advice or a recommendation, and nothing is tailored to any person's circumstances. Every trading result shown here is simulated: the person who runs this site puts no real money into any of the strategies, securities (shares, ETFs, options) or other assets discussed. Past performance — real or simulated — does not guarantee future results. Terms · Privacy

Quebec notice: this service is not directed at, or intended for use by, residents of Quebec. Avis : ce service ne s'adresse pas aux résidents du Québec. L'information fournie est de nature générale et ne constitue pas un conseil en placement ni une recommandation.