Option Gex Profile - DeepChart

Option Gex Profile - DeepChart

Option Gex Profile displays the real market maker gamma exposure (GEX) as a vertical profile panel on the right side of your chart, showing the distribution of dealer gamma exposure across all strike prices. It is similar to a volume profile but instead of volume, it shows where the most significant dealer gamma exposure exists - helping you identify key levels where dealer hedging activity is concentrated.

Note: Option Gex Profile is available on SPX only, as it requires real CBOE participant data.

How to Add Option Gex Profile

Method 1 - Via Indicator Tab

  1. Go to New in the top menu
  2. Click on Option Chart

  3. A Select Instrument dialog will appear with the following options:
    • NDX - Symbol: NQ-CME, Exchange: CME
    • QQQ - Symbol: NQ-CME, Exchange: CME
    • SPX - Symbol: ES-CME, Exchange: CME
    • SPY - Symbol: ES-CME, Exchange: CME

  4. Select SPX and click to open the chart
  5. Once the Option Chart is loaded, click the Indicator Add button on the chart toolbar
  6. Search for Option Gex Profile and click + to add it
  7. Click the settings icon to open the configuration window

Method 2 - Via Templates Bar

Once the Option Chart is open, you can quickly enable the Option Gex Profile directly from the Templates bar at the bottom of the chart.

  • Locate the Templates bar at the bottom of the Option Chart
  • Click on GEX-P to instantly load the Option Gex Profile on your chart

Once the Option Gex Profile is enabled, you can access its settings at any time by right-clicking on the GEX-P tab in the Templates bar and selecting Settings.

Understanding the Profile

The Option Gex Profile can be viewed in two ways depending on the Data source selected:

Gex (default) - displays a single profile where green bars represent positive GEX (call side) and purple bars represent negative GEX (put side). The longer the bar, the stronger the dealer exposure at that strike

Gex split - displays the call and put GEX side by side from a center line. Green bars extend to the right showing call side exposure and purple bars extend to the left showing put side exposure. This gives you a clear visual comparison of where calls dominate versus where puts dominate at each strike level

Settings

General

  • Data source - Choose what data is used to build the profile. Options available:

    • Gex (default) - uses real CBOE market maker gamma exposure data, showing the net dealer exposure at each strike
    • Gex split - same as Gex but displays call and put exposure separately side by side from a center line
    • Market maker delta - uses the estimated market maker delta exposure at each strike

  • Expiration - Filter the profile by expiration. Options available: 0 DTE, <= 1d, <= 2d, <= 3d, <= 4d, <= 5d, <= 6d, <= 7d, <= 31d, <= 91d, All expirations. Default is All expirations

  • Include Carry or Open Interest - When enabled, includes open interest carried over from previous sessions into the calculation, giving you a broader view of total positioning. When disabled, only the current session data is considered. Default is disabled

Plot Settings

Background/Text

  • Background - Click Show Settings to configure the background appearance of the profile
  • Show text - Toggle to show or hide text labels on the profile. Default is disabled
  • Text - Click Show Settings to configure the text appearance
  • Stack profile (if possible) - When enabled, stacks the call and put profiles together. When disabled, they are displayed separately. Default is disabled

Width/Offset

  • Width type - Choose how the profile width is calculated. Options available:
    • Automatic (default) - DeepChart automatically sets the profile width based on the current chart view
    • Percentual period - sets the width as a percentage of the visible chart period
    • Window width - sets the width based on the current visible window
    • Fixed bars - sets a fixed number of bars for the profile width
  • Current Width - Set the width of the current session profile. Default is 10
  • Current Offset - Set the horizontal offset of the current session profile. Default is 0
  • Previous Width - Set the width of previous session profiles. Default is 15
  • Previous Offset - Set the horizontal offset of previous session profiles. Default is 0

Visual Appearance

  • Number of profile - Set how many session profiles are displayed on the chart. Default is 5
  • Vbp opacity - Set the opacity of the profile bars. Default is 90
  • Border width - Set the border width of the profile bars. Default is 1.00
  • Show above bars - When enabled, the profile is displayed on top of the price bars. Default is disabled
  • Visual style - Choose between Solid or Hollow profile bars. Default is Solid
  • Align to the right - When enabled, aligns the profile to the right side of the chart. Default is disabled
  • Always visible - When enabled, keeps the profile visible even when scrolling outside its range. Default is disabled

Peak

The Peak section highlights the highest and lowest GEX concentration points on the profile.

Positive (Call Side)

  • Enable - Toggle to show or hide the positive peak. Default is disabled
  • Highlight - When enabled, highlights the bar with the highest positive GEX on the profile. Default is disabled
  • Highlight Color - Set the highlight color. Default is green
  • Show Line - When enabled, draws a horizontal line at the peak positive GEX level. Default is enabled
  • Line Color - Set the line color. Default is green
  • Line Width - Set the line width. Default is 1
  • Line Style - Choose between Solid, Dash, Dot, Dash dot, or Dash dot dot. Default is Dash

Negative (Put Side)

  • Enable - Toggle to show or hide the negative peak. Default is disabled
  • Highlight - When enabled, highlights the bar with the highest negative GEX on the profile. Default is disabled
  • Highlight Color - Set the highlight color. Default is purple
  • Show Line - When enabled, draws a horizontal line at the peak negative GEX level. Default is enabled
  • Line Color - Set the line color. Default is purple
  • Line Width - Set the line width. Default is 1
  • Line Style - Choose between Solid, Dash, Dot, Dash dot, or Dash dot dot. Default is Dash

Rolling Values

Rolling Values shows how the GEX profile looked at specific time intervals ago, plotted as lines on the current profile. This helps you see how the dealer gamma exposure has shifted over time during the session.

M1

  • Enable - Toggle to show or hide the 1 minute rolling value. Default is disabled
  • Line Width - Default is 1
  • Line Style - Choose between Solid, Dash, Dot, Dash dot, or Dash dot dot. Default is Dot
  • Line Style (color) - Set the color for this rolling value

M5

  • Enable - Toggle to show or hide the 5 minute rolling value. Default is disabled
  • Line Width - Default is 1
  • Line Style - Choose between Solid, Dash, Dot, Dash dot, or Dash dot dot. Default is Dot
  • Line Style (color) - Set the color for this rolling value

M15

  • Enable - Toggle to show or hide the 15 minute rolling value. Default is disabled
  • Line Width - Default is 1
  • Line Style - Choose between Solid, Dash, Dot, Dash dot, or Dash dot dot. Default is Dash
  • Line Style (color) - Set the color for this rolling value

M30

  • Enable - Toggle to show or hide the 30 minute rolling value. Default is disabled
  • Line Width - Default is 1
  • Line Style - Choose between Solid, Dash, Dot, Dash dot, or Dash dot dot. Default is Solid
  • Line Style (color) - Set the color for this rolling value

Example - How to Use Option Gex Profile

Once added to your chart, the Option Gex Profile appears as a vertical panel on the right side. Here is a simple way to read it:

  • The strike with the longest green bar is where the most positive dealer GEX is concentrated. This is a key level where dealer hedging will create buying support below and selling pressure above
  • The strike with the longest purple bar is where the most negative dealer GEX is concentrated. This is a level where dealer hedging will amplify moves - if price breaks through it, moves can accelerate
  • Using Gex split view - when you see green bars dominating above price and purple bars dominating below price, the market is in a balanced state. When one side starts to dominate across multiple strikes, it gives you a directional bias for dealer hedging pressure
  • Use the Peak lines as quick reference levels for the most significant GEX strikes without having to read the full profile

Still Having Trouble?

Our support team is available 24/7 and ready to help you with any issue you encounter.

When reaching out, please include:

  • A screenshot of the issue
  • A brief description of what you were trying to do

Support Ticket (Fastest Response) - Visit www.deepcharts.com and create a support ticket directly on our website.

Email Support - Reach us at support@deepcharts.com - please note that email responses may take a little longer than a support ticket.

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