Skip to main content
DocsLearnHomeOpen App โ†’
Documentation navigation

๐Ÿ“Š GEX Profile

The GEX Profile turns the heatmap into a single, scannable column: net gamma exposure by strike for the expirations you select, with spot price, the gamma flip, and the call/put walls marked right where price has to react to them. It is the fastest way to read the dealer-positioning landscape before a session โ€” and a built-in summary panel translates the chart into plain English so you do not have to.

GEX Profile โ€” net gamma exposure by strike with gamma flip, call and put walls and a plain-English regime summary

What You See#

  • Horizontal bars โ€” one per strike, length proportional to net GEX concentrated at that strike. Strikes run top to bottom, so the profile sits alongside price.
  • Positive GEX (green) โ€” strikes where dealers are net long gamma. These tend to dampen moves as price approaches.
  • Negative GEX (orange) โ€” strikes where dealers are net short gamma. These tend to amplify moves and accelerate trends.
  • Spot line โ€” marks the current price across the profile, so every level is read relative to where price is now.
  • Structural levels โ€” the Gamma Flip, Call Wall, Put Wall, HVL (high-volume / volatility pivot level) and ฮณ Support are labeled directly on the chart and can be toggled from the header.
  • GEX and DEX overlays โ€” line overlays trace the cumulative gamma (GEX) and delta (DEX) profiles on top of the bars for added context.

Net vs. Call/Put View#

A toggle in the header switches between two readings of the same data:

  • Net โ€” one signed bar per strike (call gamma minus put gamma), the cleanest read of where dealer hedging pressure concentrates.
  • Call/Put โ€” splits each strike into its call-side and put-side gamma so you can see which contracts are driving a level rather than only the net result.

The Regime Summary Panel#

Alongside the chart, a side panel translates the profile into a plain-English read of the current environment โ€” a regime label (for example, "Cautious Bullish"), a confidence note, and a short narrative explaining the trading range, where the walls sit, and how dealer hedging is likely to behave around spot. A compact legend maps each level to its meaning, such as the Put Wall as cascade risk or ฮณ Support as a positive-gamma floor.

Clicking a Strike#

Click any bar to open a popup with the contract-level breakdown at that strike: call / put open interest, gamma, premium, and implied volatility. On touch devices, tap a bar to inspect, pinch to zoom, drag to pan, and double-tap to reset.

When to Use It#

  • A quick pre-session check โ€” where are the walls above and below current price?
  • Confirming a heatmap read with a simpler, single-column view.
  • Pairing with the Price Chart to map each profile level onto the tape.
  • Judging the regime: is spot above or below the gamma flip, and how far are the nearest walls?