Gamma Exposure Screener: Discover High-Gamma Symbols at a Glance
Our new data app ranks symbols by gamma exposure from the latest option-chain snapshot and surfaces key levels so you can spot regime and breakout setups fast.
We've shipped a new Gamma Exposure (GEX) Screener in TradingFlow. It's a snapshot-based discovery app that answers: which symbols have the most meaningful gamma structure in the latest available option chain? You get market-wide ranking, regime context, and per-symbol key levels from one screen.
What the GEX Screener does
The app uses T+1 snapshot data: option open interest and gamma from the prior close. Rankings and metrics are labeled so it's clear you're looking at snapshot-era data, not live intraday.
- Rank symbols by gross GEX, net GEX, or distance to the gamma flip.
- See regime at a glance via KPI cards and table badges (Positive, Negative, Near Flip).
- Inspect any symbol in a drawer with call wall, put wall, flip line, and a strike-level GEX ladder.
- Filter and search the table and switch ranking modes without losing context.
KPI cards: market-wide context
At the top of the screen you'll see five cards:
- Positive Regime — Count (and share) of symbols where dealer net gamma is positive. Dealers are long gamma; hedging tends to dampen volatility.
- Negative Regime — Symbols where dealers are net short gamma. Hedging flows can amplify moves.
- Near Flip — Symbols within the flip band (net GEX near zero). Regime is unstable; small OI or price changes can flip the sign.
- Total Gross GEX — Sum of gross gamma exposure across the universe (size of the gamma market).
- Flip Distance — How far the market's representative spot is from the zero-gamma level (when available).
Ranking modes
| Mode | What it surfaces |
|---|---|
| Top Gross GEX | Largest total gamma (often large-cap names). Use the normalized GEX column to compare across market caps. |
| Top Net GEX | Strongest directional imbalance (most call- or put-dominated). |
| Closest to GEX Flip | Symbols nearest the zero-gamma level — most sensitive to breakouts or mean reversion. |
Secondary sort is always by symbol so ordering is stable.
Ranking chart and table
- Ranking chart — Bar chart of top symbols by the active ranking metric. Lets you scan leaders without scrolling the table.
- Data table — Sortable columns: symbol, net GEX, gross GEX, flip distance, regime badge, and more. Toolbar supports symbol search and filters. Pagination and preview mode (limited rows for fast loads) are available.
Clicking a row opens the symbol inspection drawer for that symbol.
Symbol drawer: call wall, put wall, flip line
When you open a symbol (from the table or via a direct link), the drawer shows:
- Regime — Positive, Negative, or Near Flip, with a short explanation.
- Call wall — Strike with the largest call-side GEX.
- Put wall — Strike with the largest put-side GEX.
- Flip line (zero-gamma level) — Price level where cumulative signed gamma crosses zero. Spot above = positive gamma territory; spot below = negative. Distance-to-flip and direction (above/below) are shown.
- Strike ladder — Chart of call GEX, put GEX, and net GEX by strike so you can see where gamma is concentrated.
The drawer includes a short "how to read" guide (expandable) so new users can interpret the chart and levels.
Data caveats and preview mode
- Snapshot honesty — Every view shows that OI and gamma are from the prior close snapshot (T+1). No "live" GEX unless we add a separate overlay later.
- Preview mode — For faster loading, you can limit the table to a subset of rows; full universe is available when you need it.
Where to find it
In TradingFlow, open Data Analysis → Gamma Exposure Screener or go directly to /app/gamma-exposure-screener. Use the KPIs and ranking modes to find interesting names, then open the drawer to inspect call wall, put wall, and flip line before diving into Option Trades or other tools for full chain analysis.
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