Greeks Exposure
Unified Greek exposure analysis — 11 Greeks from Gamma (GEX) to Speed, Zomma and Ultima. See net dealer positioning, gamma flip levels and support/resistance implied by options.
What is Greeks Exposure?
Greeks Exposure Greeks Exposure maps net dealer positioning across 11 Greek types by strike, identifying gamma flip levels where hedging behaviour shifts from stabilising to amplifying price moves.
Includes higher-order Greeks (Speed, Zomma, Color, Vomma, Ultima) for advanced non-linear risk analysis.
Why This Matters for Your Trading
How professional options traders use Greeks Exposure to find edge.
Predict Support and Resistance from Options
Positive GEX zones act as magnets — dealer hedging dampens moves, creating natural support/resistance. Negative GEX zones amplify moves. Knowing where the flip occurs gives you an edge on intraday direction.
Anticipate Dealer Hedging Flows
When you know aggregate dealer gamma, you can predict their hedging response to price moves. In positive gamma, dealers sell into rallies and buy dips. In negative gamma, they chase.
See Beyond First-Order Greeks
Speed tells you how fast gamma is changing, Vomma shows vega's sensitivity to vol, and Charm reveals how delta decays with time. These second and third-order effects matter for multi-day holds.
Find the Gamma Flip
The exact strike where net gamma changes sign is the market's tipping point. Above it, dealers stabilise. Below it, they accelerate. This level often acts as a day-trading pivot.
See It in Action
Net gamma exposure by strike with gamma flip level and dealer zones
Cumulative exposure view showing aggregate dealer positioning
Higher-order Greeks: Speed, Zomma and Vomma for non-linear risk
Key Features
11 Greek Types
GEX, DEX, Theta, Vega, Charm, Vanna, Vomma, Speed, Zomma, Color, Ultima
Gamma Flip Detection
Automatic identification of the strike where dealer hedging flips direction
Key Levels Panel
Max gamma, max pain, support/resistance zones and dealer positioning summary
Cumulative View
Running sum of exposure for aggregate dealer positioning
How It Works
Check GEX
Start with Gamma Exposure to see dealer positioning and the flip level
Review Key Levels
Note max gamma, support/resistance zones and current regime
Explore Other Greeks
Switch to Vanna, Charm or higher-order for deeper analysis
Use Cumulative View
Toggle cumulative to see aggregate dealer lean
Use Cases
Use the gamma flip level as a directional pivot — above it, lean bullish (dealers buy dips); below it, lean bearish (dealers sell into drops).
Place short strikes in positive GEX zones where dealer hedging dampens moves, reducing the chance of being run over.
Check how GEX changes as earnings approach — collapsing positive gamma means the market is losing its cushion.
Frequently Asked Questions
What is GEX?
Gamma Exposure (GEX) measures the amount of hedging activity market makers must perform at different price levels. Positive GEX dampens price moves; negative GEX amplifies them.
What is the gamma flip level?
The gamma flip is the exact strike price where net dealer gamma changes from positive to negative. Above it, dealers stabilise the market. Below it, they accelerate moves.
What are higher-order Greeks?
Speed (gamma of gamma), Zomma (gamma sensitivity to vol), Vomma (vega sensitivity to vol), Color (gamma decay over time), and Ultima (vomma sensitivity to vol). These capture non-linear risks invisible in standard Greeks.
Related Features
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