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Solana GEX by strike
Gamma exposure of Solana options dealers at every strike: net, calls, puts and the total, from Deribit, OKX and Bybit. SOL 101.46. Last updated 24 October 2026, 13:12 UTC.
Right now (13:12 UTC): Net Solana options GEX is −$154k per 1 % move (short gamma): dealer hedging tends to add to moves under the standard assumption. Watch it live: GEX on the chart →
Solana GEX right now
Updated 24 Oct 2026, 13:12 UTC · descriptive data, not advice
- Net Solana options GEX is −$154k per 1 % move (short gamma): dealer hedging tends to add to moves under the standard assumption.
- Call GEX +$996k, put GEX −$1.1M, total absolute GEX $2.1M.
- Gamma flip at 102.80, SOL 101.46, below it.
- Largest call gamma (call wall) at 103, largest put gamma (put wall) at 103.
GEX by strike
USD of dealer hedging per 1 % move, summed over Deribit, OKX and Bybit. Strikes within about 12 % of the price. Hover a bar for the call, put, net and absolute GEX at that strike. Updates every minute.
Gamma profile
Net GEX if SOL traded at another price today, with the same positions. Where the line crosses zero is the gamma flip.
Net GEX, last 24 hours
Largest strikes by absolute GEX
| Strike | From price | Call GEX | Put GEX | Net GEX |
|---|---|---|---|---|
| 103 | +1.5 % | +$236k | −$263k | −$27k |
| 100 | -1.4 % | +$86k | −$96k | −$10k |
| 102 | +0.5 % | +$56k | −$120k | −$64k |
| 104 | +2.5 % | +$57k | −$67k | −$10k |
| 95 | -6.4 % | +$2k | −$105k | −$103k |
| 101 | -0.5 % | +$9k | −$74k | −$65k |
| 110 | +8.4 % | +$48k | −$28k | +$20k |
| 105 | +3.5 % | +$42k | −$34k | +$8k |
| 98 | -3.4 % | +$5k | −$56k | −$50k |
| 106 | +4.5 % | +$44k | −$17k | +$27k |
| 108 | +6.4 % | +$40k | −$19k | +$21k |
| 90 | -11.3 % | +$31k | −$24k | +$8k |
How to read the GEX histogram
Each bar is one strike. In Net GEX, bars to the right (teal) are strikes where dealer hedging tends to slow the price down, bars to the left (pink) are strikes where it tends to push it further. The largest call bar is the call wall, the largest put bar the put wall. Calls + puts shows both sides of each strike, Total abs GEX shows where the most gamma sits.
Gamma is largest close to expiry and close to the strike, so 0DTE (expiries in the next 24 hours) often dominates near the price on expiry days. Later shows the slower positioning behind it. See the GEX guide, gamma flip and call wall and put wall for the details.
How it is calculated
- Every SOL option on Deribit, OKX and Bybit, refreshed every minute: strike, expiry, open interest and implied volatility.
- Black-Scholes gamma per option, times open interest in SOL, the price squared and 1 %: USD of hedging per 1 % move.
- Standard: dealers long calls and short puts (calls +, puts −), the usual assumption. Trade-flow: the dealer side of each Deribit trade since the option was listed, clipped to open interest; OKX and Bybit keep the assumption.
- The gamma flip is where the net GEX profile crosses zero; call wall and put wall are the strikes with the most call and put gamma.
Dealer positioning is not public, so these are estimates, not measurements, and not a forecast or advice.
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FAQ
What is GEX?
GEX (gamma exposure) estimates how much options dealers would have to buy or sell in the underlying to stay hedged when the price moves 1 %. It is the options gamma at each strike multiplied by open interest, the price squared and 1 %, in USD.
What do positive and negative GEX mean?
Positive net GEX (long gamma) means dealers hedge against the move: they sell into rallies and buy dips, which tends to dampen moves. Negative net GEX (short gamma) means they hedge with the move, which tends to add to it. The gamma flip is the price where net GEX changes sign.
What is the difference between net, call, put and absolute GEX?
Call GEX is the gamma from calls and put GEX the gamma from puts, with puts counted negative under the standard assumption. Net GEX adds the two. Total absolute GEX adds their sizes without the sign, so it shows where the most gamma sits, whichever side it is on.
Who is long and who is short the options?
Nobody publishes that. The standard model assumes dealers are long calls and short puts. The trade-flow model instead reads the dealer side of every Deribit options trade (about 88 % of open interest), which can flip the sign of a strike. Both are estimates.
Which exchanges are included?
Deribit, OKX and Bybit options, all expiries. 0DTE means expiries in the next 24 hours; later means every expiry after that.
How often is it updated?
Every minute. The histogram on this page refreshes itself every minute while the page is open; the page itself is rebuilt every two minutes.