Daily gamma levels — NQ & ES
Today's dealer gamma levels for Nasdaq-100 (NQ) and S&P 500 (ES) futures: the Gamma Flip that separates a calm, mean-reverting tape from a fast, trending one, plus the Call Wall (resistance magnet) and Put Wall (key support). Computed from full index option chains and refreshed through the US session. Free, no sign-up.
Today's levels
Same gamma levels, different price scale — pick what you trade:
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NQ / ES futures points = the index levels + the live basis (MNQ / MES are identical). This is exactly what the WyckFlow study draws on your chart — the same gamma structure, shifted onto the futures scale. Auto-refreshing — gamma levels every 60 s, futures price every ~25 s. Gamma data is ~15-min delayed at source.
Recent sessions (NQ)
| Date | Flip | Call Wall | Put Wall | Regime |
|---|---|---|---|---|
| History builds up as sessions are recorded. | ||||
How to read these levels
Gamma Flip — the regime switch
Above the flip, dealers are long gamma: their hedging fades moves, so the tape tends to be calm and mean-reverting. Below the flip, dealers are short gamma: hedging chases price, so expect faster, trendier moves — flushes down and squeezes up.
Call Wall — the upside magnet
The strike with the largest positive gamma above price. It often acts as a magnet and then resistance into expiry; a decisive break above it can open room to the next level.
Put Wall — the downside anchor
The strike with the largest negative gamma below price — a key support. Breaking below it in a negative-gamma regime can accelerate a selloff; reclaiming it often fuels a sharp bounce.
Net GEX & Max Pain — context
Net GEX tells you which regime dominates overall (positive = stabilising, negative = destabilising). Max Pain is the price options "pull" toward, strongest into monthly expiration (OPEX Fridays).
Frequently asked questions
What is gamma exposure (GEX)?
GEX estimates how much hedging the options dealers must do as price moves. When dealers are net long gamma they buy dips and sell rips (dampening volatility); when net short gamma they do the opposite (amplifying it). The Gamma Flip is the price where that balance flips.
Which markets do these levels cover?
Nasdaq-100 and S&P 500 — i.e. NQ/MNQ and ES/MES futures, plus QQQ/SPY. The values are in index points (NDX/SPX); a futures chart differs only by the basis, which the WyckFlow study aligns automatically.
How often are the levels updated?
Through the US session, refreshed roughly every 15–30 minutes from the London morning to the New York close, including the morning open-interest update. Outside a session the last available levels are shown with their trading-day date.
Where does the data come from?
Full index option chains from an official, delayed exchange source. The Gamma Flip is derived by repricing gamma with the Black-Scholes model, not a quick cumulative-sum shortcut.
Is this financial advice?
No. These levels are informational/educational context about options positioning. They are not a trade signal, a recommendation, or investment advice.
Want these on your chart, auto-aligned to NQ/ES?
The WyckFlow GEX study draws all of this directly on your MotiveWave candles — flip, walls, Max Pain, delta exposure, Vanna/Charm flows and a 0DTE view — updated automatically. 14-day free trial, no card.
Method: computed from full NDX/SPX option chains (delayed). Gamma Flip via Black-Scholes repricing. Informational only — not investment advice.