QQQ LEVELS
NQ FUTURES EQUIVALENT
Trading Action Plan
⚠️ Important Disclaimer
This tool shows TENDENCIES, not guarantees. Gamma works best in normal market conditions with high options open interest. Major news, Fed announcements, earnings, and strong momentum can override gamma effects. Use this as ONE tool in your analysis, not the only tool. Not financial advice.
Data Source: Real-time price and options data for QQQ, SPY, and GLD from Yahoo Finance (delayed 15-20 minutes). Gamma levels calculated using Black-Scholes model. If data fails to load, check browser console for details.
Understanding Gamma Levels
🟢 Above Zero Gamma
Dealers are LONG GAMMA and will buy dips and sell rallies, creating price stabilization. Expect range-bound behavior between put and call walls.
🔴 Below Zero Gamma
Dealers are SHORT GAMMA and will buy rallies and sell dips, amplifying price moves. Expect momentum-driven behavior and potential breakouts.
🟡 At Zero Gamma
The most volatile zone where dealer positioning flips. Price can explode in either direction. Use caution and tight stops.