Free SQQQ GEX - Live SQQQ Gamma Exposure
Free SQQQ GEX maps gamma exposure by strike for a fund targeting three times the inverse daily move of its Nasdaq benchmark. Select expirations, then generate the chart to compare net GEX, call wall, put wall and gamma flip.
How to use the SQQQ GEX tool
Search SQQQ
SQQQ is already entered. Keep it or enter another ticker, then select Search.
Select expirations
Choose one or more expiration dates to include.
Generate GEX
Select Generate GEX to view the chart and key levels.
Run up to 3 free GEX calculations per day.
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
Key levels
SQQQ GEX levels in detail
Data as of
Spot
$37.03
Call wall
$40
8.0% above spot
Put wall
$35
5.5% below spot
Gamma flip
$28.91
21.9% below spot
Net GEX
$432K
positive gamma
Largest gamma by strike
- $40 $119K
- $39 $66K
- $42 $43K
- $38 $26K
- $39.50 $21K
Since the previous session (Oct 26)
- Spot down 3.4% ($38.32 to $37.03)
- Call wall unchanged at $40
- Put wall $38 to $35
- Net GEX $410K to $432K
Reviewed by the QuantWheel research team. Modeled from listed SQQQ options data; not observed dealer inventory and not a forecast. Read how we compute SQQQ GEX levels.
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Want to compare strikes across expirations? View the SQQQ GEX heatmap.
Understanding SQQQ gamma exposure
SQQQ aims for three times the inverse daily Nasdaq-100 return, so its gamma exposure reads the opposite way to most tickers. SQQQ calls are a bearish bet on the Nasdaq-100, and its call wall shows where downside positioning is concentrated. Keep that inversion in mind when you read the chart, because a call-heavy SQQQ profile reflects bearish positioning on tech.
A daily inverse leveraged fund loses value over time in a rising market, so SQQQ has had repeated reverse splits and most of its open interest sits in near-dated contracts. Heavy call gamma building above the price shows that bearish positioning on the Nasdaq-100 is crowded. The gamma flip describes that positioning and does not predict where QQQ will trade.
New to the concept? Start with our guides to gamma in options and the options Greeks.
SQQQ GEX methodology and limitations
QuantWheel calculates SQQQ GEX from the selected expirations, available options data and the formula displayed in the calculator. The result summarizes modeled gamma exposure by strike.
GEX is a model output, not observed dealer inventory or a price forecast. Open interest does not identify who owns an option, and the displayed call wall, put wall and gamma flip can change when the inputs or selected expirations change.
SQQQ GEX FAQ
What is SQQQ GEX?
SQQQ GEX estimates gamma exposure across listed SQQQ options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. SQQQ GEX does not reveal actual dealer positions or predict where SQQQ will trade.
How do I read the SQQQ call wall and put wall?
QuantWheel labels the SQQQ call wall as the strike with the largest positive modeled GEX and the SQQQ put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the SQQQ price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the SQQQ gamma flip?
The SQQQ gamma flip is the price where modeled net gamma crosses zero for the selected SQQQ options data. Compare it with the current price and the shape of the strike chart. The SQQQ gamma flip is a model output, not a trading signal.
Which expirations should I use for SQQQ GEX?
Start with the nearest SQQQ expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which SQQQ contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the SQQQ GEX calculator free?
Yes. You can run up to three free SQQQ GEX calculations per day on the public tool. After using those calculations, continue for free in the GEX demo. Check the current QuantWheel pricing page for plan access details.