QQQ GEX Levels
Track live QQQ gamma exposure — dealer call walls, put walls and the zero-gamma flip on the Nasdaq-100 ETF.
QQQ is the benchmark Nasdaq-100 ETF and one of the most active 0DTE options names outside the index complex. HermesGEX computes QQQ gamma exposure per strike from official exchange options-chain data and plots the call wall, put wall, zero-gamma flip and heaviest-gamma strike (HVL). Because tech-heavy QQQ is more volatile than the broad market, its gamma structure often flips regimes faster — making the map especially useful intraday.
Why 0DTE matters for QQQ
QQQ options expire every trading day, and the Nasdaq-100’s higher volatility means 0DTE gamma can swing dealer hedging hard. In positive gamma, hedging pins QQQ toward the heaviest-gamma strike; in negative gamma it amplifies momentum, producing the sharp tech-led breakouts and reversals QQQ is known for. Reading the zero-gamma flip keeps you on the right side of that shift.
The QQQ levels worth watching
- Call Wall — upside cap where QQQ rallies often stall
- Put Wall — downside floor where QQQ dips often find support
- Zero Gamma — regime line separating range from trend days
- HVL — heaviest-gamma strike; QQQ’s intraday center of gravity
Full definitions of each level are in the GEX glossary。
New to GEX? Start with the gamma exposure guide, or browse all GEX levels by instrument。
See QQQ GEX live on your chart
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Frequently asked questions
What is QQQ gamma exposure (GEX)?
QQQ gamma exposure measures how much QQQ options dealers must buy or sell to stay hedged as price moves. Positive GEX dampens volatility; negative GEX amplifies it. HermesGEX aggregates this per strike across the full QQQ options chain.
How does QQQ GEX relate to NQ?
QQQ options and the Nasdaq-100 (NDX/NQ) track the same index. QQQ GEX is shown on the ETF you trade, while NQ levels map the same gamma onto E-mini Nasdaq-100 futures.
Where do QQQ GEX levels come from?
They come directly from the QQQ options chain using official exchange options-chain data — gamma is summed per strike and mapped to the call wall, put wall, zero-gamma flip and HVL.
Can I see QQQ GEX for free?
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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. Options trading carries significant risk — assess it yourself.