Dealer gamma · QQQ
Computed 2026-10-12 after the close from QQQ's listed option chain. Nothing here is predicted: these are the strikes where dealer hedging concentrates, recomputed every trading night.
Computed 2026-10-13 01:21 · refreshed nightly
| Night | Spot | Flip | Call wall | Put wall | Net gamma |
|---|---|---|---|---|---|
| 2026-10-12 | 746.04 | — | 760 | 740 | -$3.20bn |
| 2026-10-11 | 751.27 | 835 | 760 | 700 | +$1.04bn |
| 2026-10-10 | 751.27 | 835 | 760 | 700 | +$1.06bn |
| 2026-10-08 | 757.73 | — | 760 | 748 | -$7.66bn |
| 2026-10-07 | 759.66 | 825 | 760 | 755 | +$1.49bn |
| 2026-10-06 | 759.66 | 765 | 760 | 700 | +$6.05bn |
| 2026-10-05 | 756.2 | 767 | 760 | 700 | +$5.01bn |
| 2026-10-04 | 749.58 | 775 | 760 | 725 | +$3.32bn |
| 2026-10-03 |
What a wall is: the strike where dealers' hedging exposure concentrates. Price approaching a large call wall tends to meet hedging flow that leans against the move; losing a put wall can accelerate one. A wall is a level that usually matters — not a promise. Our index levels are graded publicly against every session for exactly that reason.
Where this data goes: this same nightly computation feeds the Intel Clearance morning wire — filings, 13F moves, dark-pool share and these walls on the names you follow, read for you by 07:40. And inside the terminal, the index books recompute through the session as 0DTE flow rebuilds the surface.
| 749.58 |
| 775 |
| 760 |
| 725 |
| +$3.36bn |
| 2026-10-02 | 742.03 | 750 | 750 | 700 | +$9.08bn |
