How to Use Options GEX Dashboard: Step-by-Step Tutorial

A complete walkthrough of the Options GEX platform features.

Introduction

Options GEX provides a comprehensive suite of quantitative analysis tools for the US stock options market, completely free. This tutorial walks you through every feature of the platform so you can extract maximum value from day one.

Step 1: Searching for a Ticker

At the top of the dashboard, you'll find the search bar. You can search by:

Ticker symbol (e.g., TSLA, AAPL, SPY)
Company name (e.g., "Apple", "Tesla")

As you type, an autocomplete dropdown appears with matching results showing the symbol, company name, and security type (Stock, ETF, Index).

Pro Tip: Click any symbol in the Market Leaders table or Sector Status table for instant navigation.

Step 2: Understanding the Stock Header

After selecting a ticker, the analysis section loads with two main panels:

Left Panel — Price and Sigma

Symbol and Price: Real-time (20-second auto-refresh) stock price with % change.
Market Status: Shows LIVE (red dot), PRE-MARKET, AFTER-HOURS, or CLOSED.
Current Sigma (σ): The stock's current position relative to the weekly expected move. Green = above Friday's anchor; Red = below.
Sigma Range Label: Text description (e.g., "Upper Range +1σ to +2σ").

Right Panel — Sigma History

Anchor Price: The previous Friday's settlement price (your week's baseline).
Daily Sigma Values (MON–FRI): Shows how the stock moved throughout the week relative to the anchor. This helps you spot trends vs. mean-reversion.

Step 3: Reading the Analytical Summary

Below the header, you'll find the Analytical Summary — an auto-generated market analysis that combines:

Sigma Position Assessment: Where the stock sits statistically.

GEX Environment: Whether positive (stabilizing) or negative (volatile) gamma prevails.

Structural Levels: Call Wall (resistance) and Put Wall (support).

Sentiment Reading: Bullish/Bearish bias based on Net GEX and PCR.

This summary is generated algorithmically — it's not a human opinion or recommendation, but a systematic reading of the quantitative data.

Step 4: Analyzing the Charts

The dashboard features three primary charts:

Open Interest Chart (OI)

What it shows: Call OI (blue/green bars) and Put OI (red bars) at each strike price.
Key feature: Toggle the PCR ON/OFF button to switch between the bar chart and a large Put/Call Ratio display.
How to use: Identify the Call Wall (tallest blue bar = resistance) and Put Wall (tallest red bar = support).

Volume Chart

What it shows: Call volume and put volume traded at each strike.
Toggle: Switch between LIVE (real-time) and PREV CLOSE (previous session snapshot).
How to use: Look for unusual volume spikes at specific strikes. High volume + high OI = strong conviction.

GEX Chart

What it shows: Net Gamma Exposure at each strike price in dollar-notional terms.
Green bars: Positive GEX (stabilizing). Red bars: Negative GEX (accelerating).
How to use: Check total Net GEX (sum of all bars). Positive = calm market; Negative = volatile.

Step 5: Using the Sigma Level Grid

Below the charts, you'll find the Sigma Level Grid — a reference table showing exact price levels for each standard deviation:

| Level | Price | Meaning |

|-------|-------|---------|

| +3σ | $XXX.XX | Extreme overbought (99.7% boundary) |

| +2σ | $XXX.XX | Statistically overbought (95% boundary) |

| +1σ | $XXX.XX | Normal upper range |

| 0σ | $XXX.XX | Weekly anchor (Friday settlement) |

| -1σ | $XXX.XX | Normal lower range |

| -2σ | $XXX.XX | Statistically oversold |

| -3σ | $XXX.XX | Extreme oversold |

These values update automatically based on the latest IV data.

Step 6: Exploring the Dashboard Home

When no ticker is selected, the home page displays:

Market Overview

SPY and QQQ cards: Current price, sigma value, and market status at a glance.
Market Leaders (M7): NVDA, TSLA, AAPL, MSFT, GOOGL, AMZN, META with price and sigma.
Sector Status (SPDR ETFs): XLK, XLF, XLE, XLV, XLI, XLB, XLY with % change.

Weekly Market Events

Upcoming earnings reports, Fed events, and economic releases for the current week.

Tips for Maximum Value

Morning Routine: Open SPY first. Check its Sigma, GEX environment, and any unusual OI changes from the previous session.

Pre-Market: Use the PREV CLOSE volume view. Identify key levels before the market opens.

During Market Hours: Switch to LIVE volume. Watch for unusual activity developing in real-time.

Weekly Tracking: Note the Sigma History progression each day. Is the market trending or mean-reverting this week?

Multi-Ticker Analysis: Check correlated assets together (e.g., NVDA + QQQ, or XLE + Oil-related stocks).

Key Takeaways

Search any US ticker to get instant options flow analysis.

The Sigma reading tells you WHERE price is relative to the statistical range.

The GEX chart tells you HOW the market will BEHAVE (stable vs. volatile).

The OI chart shows you the STRUCTURAL levels (Call Wall resistance, Put Wall support).

Combine all three for a complete picture before making any trading decision.

Start by searching your favorite stock above, and let the data guide your analysis.