QQQ
Invesco QQQ TrustPrices and gamma are point-in-time snapshots taken at the time shown. Dealer positioning is an assumption, not an observable: open interest shows that a contract exists, never which side a dealer holds. How dealer gamma is computed.
LIVE MARKET SNAPSHOT
| Call Wall | 710 |
| Put Wall | 700 |
| GEX Flip | 706 |
| Vol Trigger | 706 |
| Net GEX | -$3.27B |
Cached snapshot as of 2026-09-16 11:30 UTC, live streaming data in the terminal.
QQQ DEALER GAMMA BY STRIKE
Part of the SquawkFlow GEX Calculator: gamma by strike for any US stock. Compare with SPX GEX.
Net gamma exposure at each strike near QQQ's spot price, signed from the dealer perspective, calls positive, puts negative. Green strikes are where hedging tends to dampen moves; red is where it tends to amplify them. Dealer positioning is an assumption rather than an observable, so treat these as a map of where hedging pressure concentrates, not a forecast.
Unit: USD of dealer gamma per 1 percent move in spot. A window of the QQQ option chain, not the whole book: the 30 strikes nearest spot out of 81 seen, 2,560 contract rows spanning 32 expirations. Gamma is taken as the chain publishes it per contract; nothing here is re-priced. Crossed with the open interest carried on that chain.
New to these levels? Start with the call wall and put wall, or the zero gamma level where the sign of dealer hedging flips.
| Strike | Net GEX | Call GEX | Put GEX | Concentration |
|---|---|---|---|---|
| 693 | -$129.2M | $12.0M | -$141.2M | |
| 694 | -$37.5M | $24.0M | -$61.6M | |
| 695 | -$692.9M | $78.3M | -$771.2M | |
| 696 | -$82.3M | $6.9M | -$89.2M | |
| 697 | -$64.3M | $12.0M | -$76.3M | |
| 698 | -$70.2M | $25.5M | -$95.8M | |
| 699 | -$64.3M | $30.6M | -$94.9M | |
| 700PUT WALL | -$2.00B | $699.5M | -$2.70B | |
| 701 | -$178.6M | $22.1M | -$200.7M | |
| 702 | -$95.9M | $54.0M | -$149.9M | |
| 703 | -$95.4M | $57.2M | -$152.6M | |
| 704 | -$92.8M | $104.5M | -$197.2M | |
| 705 | -$532.1M | $477.2M | -$1.01B | |
| 706GEX FLIP | $15.3M | $188.1M | -$172.9M | |
| 707 | $66.3M | $211.8M | -$145.5M | |
| 708SPOT | $23.0M | $200.5M | -$177.5M | |
| 709 | $5.7M | $129.7M | -$124.0M | |
| 710CALL WALL | -$73.5M | $902.7M | -$976.3M | |
| 711 | $6.4M | $144.6M | -$138.1M | |
| 712 | $42.9M | $268.4M | -$225.5M | |
| 713 | $28.7M | $136.6M | -$107.9M | |
| 714 | $48.8M | $125.7M | -$76.9M | |
| 715 | $24.4M | $610.3M | -$585.9M | |
| 716 | $472.0K | $114.5M | -$114.0M | |
| 717 | $71.5M | $145.1M | -$73.6M | |
| 718 | -$39.6M | $130.7M | -$170.3M | |
| 719 | $61.2M | $115.0M | -$53.7M | |
| 720 | $467.3M | $805.2M | -$337.9M | |
| 721 | $53.2M | $79.2M | -$26.0M | |
| 722 | $66.6M | $77.0M | -$10.4M |
These levels were captured September 16, 2026 from the open interest carried on the option chain. New levels post before each market open. Today's QQQ gamma heatmap.
ABOUT QQQ
QQQ tracks the Nasdaq-100 index, which includes the 100 largest non-financial companies listed on the Nasdaq exchange. Heavily weighted toward technology and growth stocks (Apple, Microsoft, Nvidia, Amazon, Meta), QQQ is the primary vehicle for expressing views on tech sector direction and growth vs. value rotation.
WHY TRACK QQQ ON SQUAWKFLOW
QQQ options flow is the primary tech sector directional signal. Institutional hedging through QQQ puts and retail call buying create complex gamma dynamics that influence Nasdaq intraday price action.
QQQ DATA ON SQUAWKFLOW
Options Flow
QQQ options flow, unusual activity, and volume concentrations from the session chain
Latest Snapshot
Last QQQ price, change, volume, and the current dealer-gamma regime
GEX Dashboard
QQQ gamma exposure levels, call/put walls, and GEX flip
AI Narration
AI-powered analysis of QQQ market microstructure in real time
News Sentiment
QQQ news with AI sentiment scoring and impact analysis
Sector Context
ETFs/Indices sector rotation and relative strength vs peers
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A practical guide to reading dealer positioning data and understanding how market maker flows affect price action.
What is Gamma Exposure (GEX)? A Complete GuideUnderstanding gamma exposure and how dealer hedging creates support and resistance levels in the market.