# SPX — GEX Heatmap · GammaGrid demo

**Gamma weather: Storm.** This chain has no gamma flip within 25% of the price, so only the sign of gamma is known — negative, hedging amplifies moves. *(next 30 days · 22 expiries)*

| Level | Value |
|---|---|
| Price | 7,528.55 |
| Call wall | 8,100.00 |
| Put wall | 6,400.00 |
| Gamma flip | — |
| Net GEX | -298.9 M |

## Gamma exposure across expiries

Net dealer gamma per expiry (the columns of the heatmap), and the walls and the gamma flip as they stand with more expiries folded in — the heatmap's depth slider.

| Expiry | Net GEX | Contracts |
|---|---|---|
| 2026-11-09 | 181.3 M | 464 |
| 2026-11-10 | -21.6 M | 431 |
| 2026-11-11 | -79.5 M | 430 |
| 2026-11-12 | -15.3 M | 411 |
| 2026-11-13 | -45.1 M | 526 |
| 2026-11-16 | -18.5 M | 381 |

| Expiries folded in | Call wall | Put wall | Gamma flip |
|---|---|---|---|
| 1 | 7,550.00 | 6,400.00 | 7,497.74 |
| 2 | 7,550.00 | 6,400.00 | 7,507.90 |
| 3 | 7,550.00 | 6,200.00 | 7,545.23 |
| 4 | 7,550.00 | 6,200.00 | 7,546.54 |
| 5 | 7,850.00 | 6,400.00 | 7,648.14 |
| 6 | 7,850.00 | 6,400.00 | 7,977.53 |

## About these numbers

Computed by GammaGrid from the SPX options chain — dealer gamma exposure, max pain and the walls are GammaGrid's own arithmetic over open interest; the source data is delayed. Collected 2026-11-09T17:31:06.743621 UTC; this page follows the collection, roughly every fifteen minutes while the market is open.

Other views of SPX: [Overview](https://app.gammagrid.io/demo/t/SPX.md) · [Max Pain / GEX](https://app.gammagrid.io/demo/t/SPX/max-pain.md) · [Volatility (IV)](https://app.gammagrid.io/demo/t/SPX/volatility.md).

Canonical page: <https://app.gammagrid.io/demo/t/SPX/heatmap> · The demo shows the free list only; a GammaGrid account watches any US-listed ticker with options, replays earlier collections and opens every contract: <https://app.gammagrid.io/>