SQQQ GEX - Live Gamma Exposure
Live SQQQ GEX levels for ProShares UltraPro Short QQQ: net gamma exposure, call wall, put wall, and the gamma flip level — plus a free interactive SQQQ GEX chart.
The calculator below is pre-filled with SQQQ — hit search to compute the latest gamma exposure by strike from live options data. Prefer strikes and expirations in one view? Open the SQQQ GEX heatmap.
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What is Gamma Exposure (GEX)?
Gamma Exposure represents the sensitivity of an option's delta to changes in the underlying price. Market makers hedge their gamma exposure, creating support/resistance at high GEX strikes.
Key Levels:
- Call Wall: Strike with highest positive GEX (resistance)
- Put Wall: Strike with the largest put GEX, shown as the deepest negative bar (support)
- Gamma Flip: Where total GEX changes from negative to positive
Positive GEX: Market makers sell into rallies, buy into dips (stabilizing).
Negative GEX: Market makers buy into rallies, sell into dips (amplifying moves).
Select a ticker and expiration date, then click Generate GEX to see the analysis
Understanding SQQQ gamma exposure
SQQQ delivers three times the inverse daily Nasdaq-100 return, which makes its gamma exposure the mirror image of everything else on this list: SQQQ calls are a bearish equity bet, and its call wall marks where downside speculation is stacked rather than upside. Reading its GEX correctly requires holding that inversion in mind - a call-heavy SQQQ gamma profile is a bearish positioning signal for tech, not a bullish one.
Because inverse leverage decays relentlessly in a rising market, SQQQ has undergone repeated reverse splits and its open interest lives almost entirely in near-dated contracts. The practical value of SQQQ GEX is as a sentiment gauge: heavy call gamma building above spot means retail hedging or outright shorting of the Nasdaq is crowded, a condition that has often preceded squeezes higher in QQQ as those bearish bets get unwound. Treat the gamma flip level as a crowding indicator rather than a directional pivot.
New to the concept? Start with our guides to gamma in options and the options Greeks.
SQQQ GEX FAQ
What is SQQQ GEX (gamma exposure)?
SQQQ GEX measures the aggregate gamma that options market makers carry across all SQQQ strikes and expirations. When SQQQ GEX is positive, dealer hedging dampens price moves (selling rallies, buying dips); when it is negative, hedging amplifies moves. It is calculated from open interest and each contract's gamma across the ProShares UltraPro Short QQQ options chain.
What is the SQQQ call wall and put wall?
The SQQQ call wall is the strike with the largest positive gamma exposure and often acts as resistance, while the SQQQ put wall is the strike with the largest negative gamma exposure and often acts as support. As of the latest snapshot, the call wall is at $45, the put wall is at $45.
What is the SQQQ gamma flip level?
The SQQQ gamma flip (zero-gamma) level is the price where net dealer gamma crosses from positive to negative. Above it, market-maker hedging tends to suppress SQQQ volatility; below it, the same hedging amplifies moves in both directions.
How often is SQQQ GEX data updated?
GEX levels on this page are recomputed from live options data throughout US market hours, and the interactive calculator below pulls fresh SQQQ options chain data on demand. Open interest itself is published by OCC once daily before the open.
Is this SQQQ GEX chart free?
Yes. The SQQQ GEX levels on this page are free, and the interactive GEX calculator offers free daily lookups without an account. Creating a free QuantWheel account raises the daily limit, and the GEX Dashboard adds unlimited access, intraday tracking, and alerts.
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The QuantWheel GEX Dashboard adds unlimited lookups, intraday gamma tracking, wall-movement alerts, and a multi-ticker workspace.
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