NQ Gamma Exposure Today
Source: CrossVol Terminal · 2026-05-13 06:29 UTC
How to read this view
Gamma Exposure Today for NQ offers a precise insight into the immediate hedging dynamics of market makers as options contracts reach their expiration today. When you observe the NQ price chart, areas of high positive gamma exposure, often seen clustering around specific strike prices, indicate that dealers are net long gamma. This scenario typically leads to a dampening effect on volatility; as NQ moves, market makers will sell into strength and buy into weakness, potentially 'pinning' price action around these levels. Conversely, concentrated negative gamma exposure means dealers are net short gamma, compelling them to buy into strength and sell into weakness. This dynamic can amplify NQ's movements, potentially accelerating trends or exacerbating sell-offs. For a vol-focused trader, understanding these daily gamma shifts is crucial for anticipating short-term NQ price behavior. The visualization highlights these critical strike zones, indicating where hedging activity is most concentrated and where NQ might encounter resistance, support, or experience increased momentum due to dealer rebalancing. Monitoring these daily expiring options provides a real-time pulse on potential intraday volatility regimes. Full live view on CrossVol Terminal.
Frequently asked questions
What is NQ gamma exposure?
Gamma exposure on NQ measures how dealers' aggregate options book reacts to spot moves. Positive gamma typically dampens intraday range; negative gamma amplifies it. CrossVol Terminal reconstructs the live dealer book end-of-day and intraday across NQ strikes and expiries.
How is NQ gamma exposure useful for traders?
It identifies levels where dealer hedging accelerates or fades. Traders use it to anticipate pinning around large strikes, to flag exhaustion zones, and to size intraday risk. The NQ gamma profile is a leading-indicator for realized-versus-implied surprises.
When does NQ gamma flip from positive to negative?
The flip level is where aggregate net gamma transitions sign — below it, dealers sell into weakness; above it, dealers fade strength. CrossVol Terminal updates the NQ flip level every snapshot and surfaces the proximity of spot to that level on the live chart.
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