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GEX and DEX
Gamma exposure and delta exposure shown side by side, pairing a read on hedging intensity with a read on directional positioning.
What is GEX and DEX?
GEX and DEX is a side-by-side strike map of gamma exposure and delta exposure for one ticker. GEX estimates how dealer hedges may change as price moves. DEX estimates the directional hedge already on. On EZPZ, the live page title is Intraday GEX and DEX. Strikes starts at 20.
Gamma Exposure is a strike table that collapses expirations into one row of walls. Market Maker Exposure is SPX only, with Flip Level as a card. GEX Heatmap is a strike by expiry grid. Greeks Heatmap keeps expiry as columns and adds more greeks. This page is one ticker and one Expiration. Two charts sit side by side. Gamma Exposure on the left. Delta Exposure on the right. Net GEX and Net DEX start on. Call / Put is the other view on each card. A Price line marks last price. Gamma Flip sits on the GEX chart. Magnetic Pole can sit on that same chart. Green bars are positive. Red bars are negative. A loud bar can still be a hedge, a spread, or a dealer book. The table under the charts lists Strike, then IV, GEX, and DEX columns. Conventional GEX and DEX is the other tab, for EOD calculations. None of those bars is an order.
On EZPZ, the live page title is Intraday GEX and DEX. The ticker line starts on SPY plus last price. Expiration picks one listed date. Strikes starts at 20. Search ticker and Go load the name. Tabs are Intraday GEX and DEX and Conventional GEX and DEX. Guide opens Gamma and Delta Exposure Guide. The banner says live data, market hours only. Spot Gamma and Delta is the ($) Open Interest versus ($) Volume bar pair with a Spot line. Expected Move is the DEM and VEM band chart by expiration. Gamma Exposure is the searchable strike table with Call Wall and Put Wall for one ticker, not this chart pair. GEX Heatmap is the strike-by-expiration GEX grid with a GEX Details table. Greeks Heatmap is the strike-by-expiration grid with Gravity Magnet Score. Market Maker Exposure is the SPX Flip Level chart with Call Wall, Put Wall, and Expected Move(VEM) and DEM. Market Cross Flow is the SPY, SPXW, and QQQ GEX grid next to candles. Option Depth Flow is the searchable strike-by-time Bubble or Gradient chart. Ticker Explorer puts GEX and DEX charts on a one-symbol dashboard. Largest Premium By Tickers is the Bullish Flow / Bearish Flow premium leaderboard when you do not have a ticker yet. Index Trader is the index dashboard with Premium Traffic Lights. Top 20 Optionable ranks listed-option names by Vol. * Price. Market Wave is the Current Day chart of Net Call Premium versus Net Put Premium. Net Flow Graph is one ticker you search with Filter ticker, plus Cumulative Volume Delta. Historical Net Premium is the 15D Cumulative lookback with a daily table. 0DTE Graph is the same-day premium chart with Filter ticker. The 0DTE dropdown is the lock. Weekly-DTE Graph is the WTE chart of premium that expires by Friday. 7-DTE Graph is the 7DTE chart of premium in the next 7 days. Supply and Demand X-ray is the ITM Call and Put chart of Price, Supply, and Demand. Money Sentiment is Bought Ratio, Net Sentiment, and Netflow Graph for one ticker. Net Premium Heatmap is the strike-by-expiration grid of Net Premium for one ticker. Movers and Shakers Tide is that same chart job for about 18 mega-cap names. Option Chain is the listed book for one ticker. Live Flow is the tape of prints. Unusual Activity keeps only large, sweep, and block prints. Unusual Activity Intraday is the session scan with a date range. $1M Plus Flow keeps only million-dollar premium. 0DTE Flow keeps only prints that expire today. SPX and SPY Flow locks the tape to SPX, SPXW, and SPY. Put to Call Ratio is the Intraday Put/Call Ratio chart of Traded PCR, OI PCR, and Sentiment PCR. Max Pain is Intraday Max Pain with O-Max Pain, P-Max Pain, and V-Max Pain. Open Interest Scan is the OI per Strike and OI per Expiration chart pair. Volume Scan is the Volume by Strike and Volume by Expiration chart pair. Volatility Analysis is Volatility By Open Interest, Open Interest, and Implied Volatility Smile for one ticker. IV Rank Explorer is Current IV (30D), IV Rank (1Y), period IV Rank, and IV Percentile (1Y) plus the IV Rank chart. Historical Volatility is 10D through 90D Volatility versus Price. Volatility Surface 3D is Raw Contracts and Smoothed Mesh for one ticker.
How GEX and DEX works on EZPZ
Search a ticker, leave Net GEX and Net DEX on, then read Price against Gamma Flip. It is not a score. Most people leave Strikes on 20 and read the GEX chart first. If a strike looks loud, check Cum. GEX and Cum. DEX on that row. Switch a card to Call / Put only if you want the split. Open Conventional GEX and DEX when you want the EOD view, not this live session.
How this differs from Gamma Exposure
Gamma Exposure is a strike table you search by ticker. Call Wall, Put Wall, Spot Price, and expected move sit as badges on rows. This page is two charts plus a strike table. There is no Call Wall badge here. Gamma Flip and Magnetic Pole sit on the GEX chart. Use Gamma Exposure when you want walls on a collapsed chain. Use this page when you want Net GEX next to Net DEX for one Expiration. Use Spot Gamma and Delta when you want ($) Open Interest versus ($) Volume stacked under a Spot line. Use GEX Heatmap when you want pinning versus volatility cells, then Call Resistance and Put Support by date. Use Greeks Heatmap when you want VEX, CEX, DEX, OI, or Gravity Magnet Score. Use Market Maker Exposure when you want SPX Flip Level, Call Wall, Put Wall, and Expected Move(VEM) and DEM. Use Market Cross Flow when you want SPY, SPXW, and QQQ side by side next to candles. Use Option Depth Flow when you want strike by time. Use Ticker Explorer when you want GEX and DEX charts next to quote and unusual activity. Use Largest Premium By Tickers when you still need a name from Bullish Flow or Bearish Flow. Use Index Trader when you want traffic lights. Use Top 20 Optionable when you want Vol. * Price rank. Use Market Wave when you want Current Day Net Call Premium versus Net Put Premium. Use Net Flow Graph when you want Filter ticker plus Cumulative Volume Delta. Use Historical Net Premium when you want the 15D table. Use 0DTE Graph when you want same-day premium. Use Weekly-DTE Graph when you want Friday. Use 7-DTE Graph when you want the next 7 days. Use Supply and Demand X-ray when you want Price, Supply, and Demand on each contract. Use Money Sentiment when you want Bought Ratio and Net Sentiment. Use Net Premium Heatmap when you want the strike-by-expiration grid. Use Movers and Shakers Tide when you want the 18-name basket. Use Live Flow when you want the prints. Use Option Chain when you want the listed book.
Anatomy of the charts
You do not need every label on every session. Use the tabs if you want a map of the fields.
The left card title is Gamma Exposure. The badge is GEX. Net GEX starts selected.
| On the chart | What you are looking at |
|---|---|
| Net Gamma Exposure | Green bars are positive. Red bars are negative. This is the default view. |
| Cumulative Gamma Exposure | The dashed line across strikes. It is a running profile, not a second score. |
| Call / Put | The other view. Bars split into Call Gamma Exposure and Put Gamma Exposure. |
| Price | A line at last price, labeled Price. |
| Gamma Flip | A dashed label on this chart, such as Gamma Flip @ a strike. It is a mark, not a forecast. |
| Magnetic Pole | A dashed label on this chart when the profile has a loud cumulative peak. |
The right card title is Delta Exposure. The badge is DEX. Net DEX starts selected.
| On the chart | What you are looking at |
|---|---|
| Net Delta Exposure | Green bars are positive. Red bars are negative. This is the default view. |
| Cumulative Delta Exposure | The dashed line across strikes on this card. |
| Call / Put | The other view. Bars split into Call Delta Exposure and Put Delta Exposure. |
| Price | The same last-price line as the GEX chart. |
The table under the charts is one row per strike. It follows Expiration and Strikes.
| Column | What you are looking at |
|---|---|
| Strike | The listed strike. Rows run high to low. |
| Call IV Put IV Cum. IV | Implied volatility on the call, the put, then the cumulative IV column. |
| Call GEX Put GEX Cum. GEX | Call-side gamma, put-side gamma, then the cumulative GEX column. |
| Call DEX Put DEX Cum. DEX | Call-side delta, put-side delta, then the cumulative DEX column. |
Control bar
- Ticker line: The name you loaded, plus last price. The page starts on SPY.
- Expiration: One listed date. The screenshot uses 2026-09-21, not a blended book.
- Strikes: How many strikes around last price. 20 starts selected. Choices are All, 10, 20, 30, and 40.
- Search ticker: Type a symbol and press Go, or press Enter.
Controls on this page
The bar under the page title has Expiration, Strikes, and Search ticker. Use those controls to change the map. Do not treat them as a score.
- Intraday GEX and DEX / Conventional GEX and DEX: Two tabs. Intraday is the live session. Conventional is the EOD page.
- Guide: Opens Gamma and Delta Exposure Guide.
- Net GEX / Call / Put: Net GEX starts on. Flip the toggle for the call and put split.
- Net DEX / Call / Put: Net DEX starts on. Same toggle on the DEX card.
- Strikes: 20 starts selected. Options are All, 10, 20, 30, and 40.
- Search ticker / Go: Load another name.
How people actually use it
Read Price, then Gamma Flip
Check the ticker line. Find Price on the GEX chart. Then read Gamma Flip. Scan Magnetic Pole only if it is marked.
Leave Net GEX and Net DEX on first
Most sessions start on the net view. Switch a card to Call / Put when you want the split, not a different ticker.
Use the table for one strike
If a bar looks loud, find that Strike. Read Cum. GEX and Cum. DEX, then Call IV and Put IV. The table is the same window as the charts.
Use it next to the walls and the tape
This page is the live chart pair. Open Gamma Exposure if you want Call Wall and Put Wall. Open Live Flow if a strike makes you want the prints.