ES Gamma 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。
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 preview and live BTC/ETH crypto GEX free — no credit card; second-by-second live ES data needs a subscription (Essential and up).
Verify for free before you decide
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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.