ConceptOptions
Advanced Options Analysis
Open interest, implied volatility, IV rank and percentile, historical volatility and Greeks in one derivatives dashboard.
Trading Terminal · Options & Derivatives Intelligence
Options Gamma Pressure
Estimated gamma exposure by strike, showing where options positioning may amplify or dampen moves in the underlying.
In Development — Targeting December 2026
GEXOptions Gamma ExposureNIFTY · NSE · 28-Nov EXPConcept render · illustrative data
Gamma exposure by strike
| Put GEX | Strike | Call GEX | Net | OI C/P (k) |
|---|---|---|---|---|
| 25,400 | +1.51B | 45/133 | ||
| 25,300 | +0.84B | 63/113 | ||
| 25,200 | +0.96B | 118/134 | ||
| 25,100 | +0.85B | 167/157 | ||
| 25,000 | +1.80B | 143/179 | ||
| 24,900 | +1.72B | 108/30 | ||
| 24,800 | +0.73B | 58/133 | ||
| 24,700 | +0.54B | 126/164 | ||
| 24,600 ◂ | -0.31B | 128/100 | ||
| 24,500 | -1.34B | 98/95 | ||
| 24,400 | -1.30B | 191/58 | ||
| 24,300 | -1.83B | 94/196 | ||
| 24,200 | -3.75B | 67/191 | ||
| 24,100 | -1.46B | 129/55 | ||
| 24,000 | -0.24B | 127/181 | ||
| 23,900 | -0.78B | 185/41 | ||
| 23,800 | -1.83B | 88/150 |
Key levels (est.)
- Spot
- 24,612.40
- Call wall
- 24,900
- Put wall
- 24,200
- Gamma flip
- 24,650
- Net GEX
- -3.9B
Strike 24,600click a strike
- Call GEX
- 0.41B
- Put GEX
- 0.72B
- OI calls / puts
- 128k / 100k
- From spot
- -0.05%
Net GEX by expiry
| Expiry | Net |
|---|---|
| 28-Nov | +1.6B |
| 05-Dec | +0.5B |
| 12-Dec | -0.2B |
| 26-Dec | +0.5B |
GEX · estimate from OI and Greeks · dealer positioning is assumed, not observedSIMULATED DATA · NOT LIVE · IN DEVELOPMENT
Demo data · simulated feed. Illustrative only — not live market data and not investment advice. Try it: click rows, tabs and controls.
Demo AvailableA working demonstration exists and has been shown publicly. It is not yet available to users.
Overview
When options are widely held at particular strikes, the hedging activity of market makers can influence how the underlying moves around those strikes. Gamma exposure (GEX) is a way of estimating where that effect might be strongest.
The gamma pressure view is designed to estimate gamma exposure strike by strike from open interest and option Greeks, and to show it next to the underlying's price — highlighting the strikes where positioning is concentrated and the level where estimated net exposure changes sign.
Demonstrated in the ORVINUS feature series
Capabilities
What It Is Designed to Do
Intended capabilities. The released feature may differ.
Gamma exposure by strike
Estimated call and put gamma exposure plotted at each strike.
Net exposure and flip level
Aggregate estimate and the approximate level where it changes sign.
Positioning context
Open interest concentration and its change through the session or across days.
Underlying overlay
Key gamma levels drawn on the underlying's chart.
In practice
Workflow & Limits
Intended workflow
- Select an index or stock with listed options and an expiry.
- Read the strikes with the largest estimated exposure.
- Mark the key levels on the underlying chart.
- Track how they shift as open interest changes.
What to keep in mind
- Gamma exposure is an estimate. It relies on assumptions about who holds which side of each contract, which public data does not reveal.
- This page describes a feature in development. It is not available to use yet.
Data requirementRequires option-chain data. For NSE/BSE derivatives the terminal is planned to use option-chain data delivered through broker data integrations; open interest updates at the exchange's intervals, not tick by tick. Any delayed data will be labeled.
Related
Works Well With
In DevelopmentAI Intelligence
Macro Dashboard
The cross-asset backdrop on one screen: indices, the US dollar, yields, volatility, central banks and the economic calendar.
Demo AvailableOrder Flow
Liquidity X-Ray
Visualize displayed order-book liquidity over time — where resting orders build, move and disappear.
Coming Soon — Targeting Late 2026
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