ES GEX Levels
Map SPX dealer gamma onto your ES chart and see the intraday magnets that actually move price.
ES (E-mini S&P 500 futures) trades largely on the hedging flow of SPX options dealers. HermesGEX computes SPX gamma / delta exposure per contract from official exchange options-chain data and maps it onto your ES (and micro MES) chart — call/put walls, Zero Gamma and HVL overlaid right on your futures chart, no software switch.
Why 0DTE matters for ES
S&P 500 options expire every trading day (0DTE); gamma concentrates hard into the close, and dealer hedging can pin ES to a level or accelerate a breakout within minutes. Ignoring the 0DTE gamma map means flying blind intraday.
The ES levels worth watching
- Call Wall — upside cap; ES often gets sold back here
- Put Wall — downside floor; ES often gets bought here
- Zero Gamma — regime line; range above, trend below
- HVL — heaviest-gamma strike; ES tends to orbit it
Full definitions of each level are in the GEX glossary.
New to GEX? Start with the gamma exposure guide, or browse all GEX levels.
See ES GEX live on your chart
Install one platform plugin — refreshed roughly every 5 seconds:
Frequently asked questions
Where do ES gamma levels come from?
ES has no options of its own; the levels come from its underlying SPX options chain — HermesGEX computes dealer gamma / delta per contract and maps it to ES / MES price coordinates.
How do I see ES GEX live on my futures chart?
Install one platform plugin: NinjaTrader, Sierra Chart, MotiveWave or ATAS draw ES gamma levels right on your chart, refreshed roughly every 5 seconds. Or use the web Options Desk.
Can I see it for free?
Sign up for an ES/NQ GEX preview and the public GEX heatmap free — no credit card; second-by-second live ES data needs a subscription (Essential and up).
Verify for free before you decide
Sign up for an ES/NQ GEX preview and the public GEX heatmap — no credit card. Second-by-second live data needs a subscription (Essential and up).
Other instruments
Market and options data come from official exchange options-chain data; gamma exposure is a model estimate for research and education only, and is not investment advice. Futures trading carries significant risk — assess it yourself.