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GEX and dealer gamma

Lesson 12 of 15 in Options & GEX. Markets grade, 75 XP. Free to read, mission runs live in the terminal.

» GEX = gamma exposure: how options dealers are forced to hedge as price moves.

» Positive gamma dampens moves (pinning); negative gamma amplifies them (acceleration).

» It's the hidden hand behind a lot of intraday chop and squeezes.

» Explore the GEX dashboard and read the dealer positioning.

Watching a concept is not the same as running it, so every Academy lesson ships with a live mission inside the Tapeboard terminal. This one runs on the GEX panel (/gex). Reading is free; running missions takes a free account.

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The dated public record behind this lesson, updated every trading day:

What is "GEX and dealer gamma" about?

"GEX and dealer gamma" is lesson 12 of 15 in the Options & GEX module of Tapeboard Academy's Markets grade. GEX = gamma exposure: how options dealers are forced to hedge as price moves.

How do I practice this lesson?

Every Academy lesson pairs with a hands-on mission inside the Tapeboard terminal. This one runs on the GEX panel. The lesson text is free to read on this page; running missions requires a free Tapeboard account.

Do I need a paid plan to read Academy lessons?

No. Every Academy lesson page is public and free to read. Running the live missions inside the terminal requires a free Tapeboard account, and some advanced mission panels sit on paid plans.