What is GEX (gamma exposure)?

An estimate of the hedging option dealers have to do as the index moves, summed over every strike from open interest and option gamma (gamma × open interest × 100 × spot² × 1%). The usual naive convention is used: dealers are long calls and short puts, so calls count as positive and puts as negative. Net GEX is shown in billions of dollars per 1% move, for all expiries and for 0DTE (options expiring today) separately.

What is zero gamma (the flip)?

The index level where aggregate net GEX changes sign, found by recomputing every option’s gamma on a grid of prices around the current spot; when there are several crossings the one nearest spot is used. It is the line between the two regimes.

What is the call wall?

The strike with the largest positive net gamma exposure. Dealer hedging tends to sell into rallies near it, so it often acts as resistance or a magnet.

What is the put wall?

The strike with the most negative net gamma exposure. It often acts as support, and a break below it can speed a sell-off up.

What does the gamma regime mean?

Positive gamma (price above zero gamma): dealers hedge against the move, buying dips and selling rips, so price tends to be mean-reverting with tighter ranges. Negative gamma (price below zero gamma): dealers hedge with the move, so price tends to trend and ranges expand. The badge shows all expiries on the left and 0DTE on the right; they can disagree.

Where does the GEX data come from?

Free, delayed (about 15 minutes) CBOE option chains for SPX and QQQ. Strikes are converted to ES and NQ futures prices at run time: ES with an additive SPX basis, NQ with the NQ / QQQ ratio. The cards show futures prices large and the index price beneath; the GEX Levels Live string stays in index terms and converts on the chart.

When are Scott's GEX Levels published?

Levels are computed at 09:07 ET (before the RTH cash open) and 17:37 ET (for the Globex evening session), Monday to Friday. Each date has at most one official RTH and one official Globex session; manual reruns are not listed.

Gamma exposure · ES / NQFree · twice a trading day · about 09:10 and 17:40 ET

Scott’s GEX Levels

ES and NQ gamma exposure levels, published twice a trading day from CBOE options data

RTH

Friday 6 November 202609:07 ET

Latestupdated 2 min ago

Both indices in negative gamma: follow momentum, expect range expansion.

ES: SPX last printed 7353.73 (prior session); ES at 7398.00 implies 7371.70 now, below both flips: all-expiry 7588.96 (-217) and 0DTE 7506.53 (-135). Net GEX -96.48bn (from -95.23bn at yesterday 17:37 ET), 0DTE -14.88bn. Trending regime on both counts.
NQ: QQQ last printed 647.05 (prior session); NQ at 27167.75 implies 658.09 now, below both flips: all-expiry 688.84 (-31) and 0DTE 680.67 (-23). Net GEX -5.44bn (from -7.20bn at yesterday 17:37 ET), 0DTE -0.59bn. Trending regime on both counts.

ES

E-mini S&P 500 · SPX options

SPX: 7,353.73
ES live: 7,398.00

All expiriesNegative gammatrending

0DTENegative gammatrending

Zero Gamma7,615.25SPX 7,588.96

Call Wall8,126.25SPX 8,100

Put Wall7,326.25SPX 7,300

0DTEFlip 7,532.75Call 7,501.25Put 7,426.25

Net GEX−96.48bn all−14.88bn 0DTE

Show string

GEX Levels Live · index prices

8100,Call Wall;7300,Put Wall | 0DTE G-2;7588.96,Zero Gamma;8200,G+2;8000,G+3;7400,G-2 | 0DTE Put Wall;7500,G-3;7475,0DTE Call Wall;7506.53,0DTE Zero Gamma;7490,0DTE G+2;7510,0DTE G+3;7350,0DTE G-3

Fixed conversion · futures prices

8126.25,Call Wall;7326.25,Put Wall | 0DTE G-2;7615.25,Zero Gamma;8226.25,G+2;8026.25,G+3;7426.25,G-2 | 0DTE Put Wall;7526.25,G-3;7501.25,0DTE Call Wall;7532.75,0DTE Zero Gamma;7516.25,0DTE G+2;7536.25,0DTE G+3;7376.25,0DTE G-3

NQ

E-mini Nasdaq-100 · QQQ options

QQQ: 647.05
NQ live: 27,167.75

All expiriesNegative gammatrending

0DTENegative gammatrending

Zero Gamma28,437.25QQQ 688.84

Call Wall33,026.00QQQ 800

Put Wall26,833.75QQQ 650

0DTEFlip 28,099.75Call 27,659.25Put 26,833.75

Net GEX−5.44bn all−0.59bn 0DTE

Show string

GEX Levels Live · index prices

800,Call Wall;650,Put Wall | 0DTE Put Wall;688.84,Zero Gamma;760,G+2;720,G+3;680,G-2;675,G-3 | 0DTE G-2;670,0DTE Call Wall;680.67,0DTE Zero Gamma;660,0DTE G+2;669,0DTE G+3;645,0DTE G-3

Fixed conversion · futures prices

33026,Call Wall;26833.75,Put Wall | 0DTE Put Wall;28437.25,Zero Gamma;31374.75,G+2;29723.5,G+3;28072.25,G-2;27865.75,G-3 | 0DTE G-2;27659.25,0DTE Call Wall;28099.75,0DTE Zero Gamma;27246.5,0DTE G+2;27618,0DTE G+3;26627.25,0DTE G-3

SPX chain 09:06 ET · ES = SPX + 26.30 · QQQ chain 09:06 ET · NQ = QQQ × 41.2826 · 0DTE expiry 2026-11-06

On Friday 6 November 2026 (RTH session, 09:07 ET), ES zero gamma was 7615.25, call wall 8126.25, put wall 7326.25; all-expiry gamma regime negative, 0DTE negative. Net GEX was -96.48 billion across all expiries and -14.88 billion for 0DTE; SPX was 7353.73 and ES futures 7398.

On Friday 6 November 2026 (RTH session, 09:07 ET), NQ zero gamma was 28437.25, call wall 33026, put wall 26833.75; all-expiry gamma regime negative, 0DTE negative. Net GEX was -5.44 billion across all expiries and -0.59 billion for 0DTE; QQQ was 647.05 and NQ futures 27167.75.

Recent sessions

Last three trading days

Download all levels (CSV)

Every official RTH and Globex session, both symbols, every level

Jump to date

Date opens the day. Buttons copy that session’s levels for the GEX Levels Live indicator.

Fri 6 Nov 2026

Fri 6 NovRTH · 09:07 ETOn cover

Symbol	Flip	Call	Put
ES	7615.25	8126.25	7326.25
NQ	28437.25	33026.00	26833.75

Thu 5 NovGlobex · 17:37 ETOpen

Symbol	Flip	Call	Put
ES	7646.00	8126.25	7426.25
NQ	28666.75	33024.00	28070.25

Thu 5 NovRTH · 09:07 ETOpen

Symbol	Flip	Call	Put
ES	7702.00	8131.00	7531.00
NQ	28968.00	33035.50	28080.25

Wed 4 NovGlobex · 17:37 ETOpen

Symbol	Flip	Call	Put
ES	7690.50	8130.75	7530.75
NQ	29415.50	31383.75	28080.25

Wed 4 NovRTH · 09:07 ETOpen

Symbol	Flip	Call	Put
ES	7671.00	8128.50	7528.50
NQ	29315.75	31387.00	28083.00

Tue 3 NovGlobex · 17:37 ETOpen

Symbol	Flip	Call	Put
ES	7685.50	8128.50	7528.50
NQ	29578.75	31387.00	28083.00

positive gamma negative gammafirst dot all expiries, second 0DTE

Archive

44 runs

Two official sessions per trading day: RTH (09:07 ET) and Globex (17:37 ET).

Download CSV

November 2026

11 runs

November 2026: ES and NQ zero gamma (flip), call wall and put wall in futures prices, one row per official run
Date	Session	ES flip · call · put	NQ flip · call · put
Fri 6 Nov	RTH 09:07	ESF7,615.25C8,126.25P7,326.25	NQF28,437.25C33,026.00P26,833.75
Thu 5 Nov	Globex 17:37	ESF7,646.00C8,126.25P7,426.25	NQF28,666.75C33,024.00P28,070.25
Thu 5 Nov	RTH 09:07	ESF7,702.00C8,131.00P7,531.00	NQF28,968.00C33,035.50P28,080.25
Wed 4 Nov	Globex 17:37	ESF7,690.50C8,130.75P7,530.75	NQF29,415.50C31,383.75P28,080.25
Wed 4 Nov	RTH 09:07	ESF7,671.00C8,128.50P7,528.50	NQF29,315.75C31,387.00P28,083.00
Tue 3 Nov	Globex 17:37	ESF7,685.50C8,128.50P7,528.50	NQF29,578.75C31,387.00P28,083.00
Tue 3 Nov	RTH 09:07	ESF7,670.75C8,132.25P7,532.25	NQF29,493.25C31,394.25P28,089.50
Mon 2 Nov	Globex 17:37	ESF7,696.75C8,132.25P7,532.25	NQF29,813.00C31,394.50P28,089.75
Mon 2 Nov	RTH 09:07	ESF7,686.00C8,131.25P7,531.25	NQF29,516.00C31,394.75P28,090.00
Sun 1 Nov	Globex 17:37	ESF7,725.75C8,131.25P7,531.25	NQF29,969.25C31,395.00P28,090.25
Sun 1 Nov	Manual 15:05	ESF7,725.25C8,131.25P7,531.25	NQF29,972.50C31,395.00P28,090.25

October 2026

33 runs

October 2026: ES and NQ zero gamma (flip), call wall and put wall in futures prices, one row per official run
Date	Session	ES flip · call · put	NQ flip · call · put
Fri 30 Oct	Globex 17:37	ESF7,718.75C8,131.25P7,531.25	NQF30,017.75C31,395.00P28,090.25
Fri 30 Oct	RTH 09:07	ESF7,735.25C8,134.00P7,634.00	NQF29,696.25C31,411.00P28,931.25
Thu 29 Oct	Globex 17:37	ESF7,743.75C8,134.00P7,634.00	NQF29,985.75C31,411.00P28,931.25
Thu 29 Oct	RTH 09:07	ESF7,750.25C8,135.50P7,735.50	NQF30,037.75C31,411.75P28,932.00
Wed 28 Oct	Globex 17:37	ESF7,760.00C8,156.75P7,656.75	NQF30,381.00C31,691.25P29,189.25
Wed 28 Oct	RTH 09:07	ESF7,739.00C8,134.25P7,534.25	NQF29,958.00C31,316.00P28,843.75
Tue 27 Oct	Globex 17:37	ESF7,733.50C8,134.25P7,634.25	NQF30,114.75C31,427.75P28,946.50
Tue 27 Oct	RTH 09:07	ESF7,733.50C8,136.50P7,636.50	NQF29,757.00C31,246.00P28,779.25
Mon 26 Oct	Globex 17:37	ESF7,740.50C8,136.50P7,536.50	NQF30,067.75C31,400.00P28,921.00
Mon 26 Oct	RTH 09:07	ESF7,727.25C8,138.25P7,538.25	NQF29,828.75C31,232.25P28,766.50
Fri 23 Oct	Globex 17:37	ESF7,738.25C8,138.25P7,538.25	NQF30,188.25C31,383.00P28,905.25
Fri 23 Oct	RTH 09:07	ESF7,736.25C8,144.25P7,644.25	NQF30,123.25C31,530.75P29,041.50
Thu 22 Oct	Globex 17:37	ESF7,757.00C8,144.25P7,694.25	NQF30,329.25C31,467.75P28,983.50
Thu 22 Oct	RTH 09:07	ESF7,764.75C7,944.25P7,694.25	NQF30,546.75C31,930.50P29,409.50
Wed 21 Oct	Globex 17:37	ESF7,758.00C7,944.25P7,694.25	NQF30,227.50C31,446.00P28,963.25
Wed 21 Oct	RTH 09:07	ESF7,765.75C8,148.00P7,748.00	NQF29,966.00C31,260.25P28,792.25
Tue 20 Oct	Globex 17:37	ESF7,768.25C8,148.25P7,648.25	NQF30,137.00C31,237.25P28,771.25
Tue 20 Oct	RTH 09:07	ESF7,757.25C8,144.00P7,694.00	NQF30,293.00C31,612.25P29,116.50
Mon 19 Oct	Globex 17:37	ESF7,769.75C8,144.00P7,694.00	NQF30,264.00C31,412.25P28,932.25
Mon 19 Oct	RTH 09:07	ESF7,757.00C8,136.50P7,686.50	NQF29,715.00C31,053.00P28,601.50
Sun 18 Oct	Globex 17:59	ESF7,770.00C8,136.75P7,686.75	NQF30,584.25C31,543.00P29,052.75
Fri 16 Oct	Globex 17:37	ESF7,759.75C8,136.75P7,686.75	NQF30,538.00C31,446.75P28,964.00
Fri 16 Oct	RTH 09:07	ESF7,785.00C8,148.25P7,698.25	NQF30,462.50C31,530.75P29,041.50
Thu 15 Oct	Globex 17:37	ESF7,784.25C8,148.25P7,748.25	NQF30,646.50C31,526.50P30,074.75
Thu 15 Oct	RTH 09:07	ESF7,784.50C8,151.75P7,701.75	NQF30,965.00C31,878.75P30,410.50
Wed 14 Oct	Globex 17:37	ESF7,783.25C8,151.75P7,551.75	NQF30,823.25C31,522.50P30,070.75
Wed 14 Oct	RTH 09:07	ESF7,805.50C7,949.75P7,549.75	NQF31,001.25C31,624.50P30,168.25
Tue 13 Oct	Globex 17:37	ESF7,785.50C7,949.75P7,549.75	NQF30,919.75C31,471.00P30,021.75
Tue 13 Oct	RTH 09:07	ESF7,802.75C7,949.25P7,549.25	NQF31,128.00C31,703.25P30,243.25
Mon 12 Oct	Globex 17:37	ESF7,782.50C7,949.25P7,549.25	NQF31,009.75C31,489.00P30,038.75
Mon 12 Oct	RTH 09:07	ESF7,798.00C7,949.50P7,549.50	NQF31,096.25C31,524.00P29,035.25
Sun 11 Oct	Globex 17:54	ESF7,768.75C7,949.25P7,549.25	NQF30,973.75C31,468.75P28,984.25
Fri 9 Oct	Globex 20:15	ESF7,765.75C7,949.50P7,549.50	NQF30,996.75C31,469.25P28,984.75

How to use

TradingView, about a minute

Add the indicator
In TradingView open Indicators, find GEX Levels Live and add it to your ES or NQ chart.
Open its settings
Double-click the indicator name on the chart (or the gear icon) to open the Inputs tab.
Paste the string
Press Copy for GEX Levels Live on this page, paste it into the Levels box and press OK.

One string per symbol: copy ES for an ES chart and NQ for an NQ chart. The fixed-conversion string is for the older GEX Levels indicators that expect futures prices.

Don’t have the GEX Levels Live indicator? Here is how to build your own.

Methodology and glossary

What the numbers mean

Read the methodology

GEX (gamma exposure): An estimate of the hedging option dealers have to do as the index moves, summed over every strike from open interest and option gamma (gamma × open interest × 100 × spot² × 1%). The usual naive convention is used: dealers are long calls and short puts, so calls count as positive and puts as negative. Net GEX is shown in billions of dollars per 1% move, for all expiries and for 0DTE (options expiring today) separately.
Zero gamma (flip): The index level where aggregate net GEX changes sign, found by recomputing every option’s gamma on a grid of prices around the current spot; when there are several crossings the one nearest spot is used. It is the line between the two regimes.
Call wall: The strike with the largest positive net gamma exposure. Dealer hedging tends to sell into rallies near it, so it often acts as resistance or a magnet.
Put wall: The strike with the most negative net gamma exposure. It often acts as support, and a break below it can speed a sell-off up.
Regime: Positive gamma (price above zero gamma): dealers hedge against the move, buying dips and selling rips, so price tends to be mean-reverting with tighter ranges. Negative gamma (price below zero gamma): dealers hedge with the move, so price tends to trend and ranges expand. The badge shows all expiries on the left and 0DTE on the right; they can disagree.
Data source: Free, delayed (about 15 minutes) CBOE option chains for SPX and QQQ. Strikes are converted to ES and NQ futures prices at run time: ES with an additive SPX basis, NQ with the NQ / QQQ ratio. The cards show futures prices large and the index price beneath; the GEX Levels Live string stays in index terms and converts on the chart.
Schedule: Levels are computed at 09:07 ET (before the RTH cash open) and 17:37 ET (for the Globex evening session), Monday to Friday. Each date has at most one official RTH and one official Globex session; manual reruns are not listed.