🔮 GEX (Gamma Exposure) – Options Sentiment Overview
🔥 PUT Dominance at 452 – Market on the Edge
* QQQ is trading directly at the highest negative NET GEX level at 452.31, marking it as the PUT trigger zone.
* A breakdown below 452 opens the gates toward 450, where the 2nd PUT Wall (-13.23%) adds further downside acceleration.
* This is a high-risk gamma zone: dealers are short gamma and could fuel a liquidation flush if price stays under 452.
🧱 CALL Walls Stack from 456–463
* The nearest CALL resistance zone sits between 456–458, topped by 461–463, all stacked with hedging activity.
* Strongest net positive GEX (gamma ceiling) sits around 458–460, aligning with macro rejection zones.
📊 Options Sentiment Snapshot:
* IVR: 46.7 → Moderate volatility, but still supportive of fast swings.
* IVx avg: 34.8, down –11.25%, showing vol is compressing while risk increases — dangerous combo.
* PUTs 67.6% → Overwhelmingly PUT-heavy environment, a signal of dealer short gamma pressure — one move down can feed the next.
🎯 GEX Implications:
* Break below 452 → Expect momentum to ramp toward 450 → 448 → 440 range.
* Bounce off 452 → Needs strong reclaim of 456–458 to reverse gamma flow — very difficult without macro help.
🕰️ 1-Hour Technical Analysis
Structure:
* QQQ broke down from an ascending wedge and is now retesting prior support at 452.47.
* Price is below all EMAs and losing VWAP — confirms bearish control.
Indicators:
* MACD: Weak and diverging bearishly — no sign of reversal strength.
* RSI: Dipping under 40, near oversold, but no bullish divergence visible yet.
Key Levels to Watch:
* Support: 452 → 450 → 448 → 440
* Resistance: 456 → 458 → 464.98
🧠 Final Thoughts:
QQQ is sitting on the edge of a gamma trap at 452. With PUTs dominant and technicals confirming weakness, there’s a real risk of continued slide toward 450–448 or lower if bulls can’t reclaim the 456 zone quickly.
GEX suggests heavy dealer hedging is active — so expect volatility, and prepare for a momentum spike if 452 fails.
This is not financial advice. Always trade with risk management, and let price action confirm your plan before executing.
🔥 PUT Dominance at 452 – Market on the Edge
* QQQ is trading directly at the highest negative NET GEX level at 452.31, marking it as the PUT trigger zone.
* A breakdown below 452 opens the gates toward 450, where the 2nd PUT Wall (-13.23%) adds further downside acceleration.
* This is a high-risk gamma zone: dealers are short gamma and could fuel a liquidation flush if price stays under 452.
🧱 CALL Walls Stack from 456–463
* The nearest CALL resistance zone sits between 456–458, topped by 461–463, all stacked with hedging activity.
* Strongest net positive GEX (gamma ceiling) sits around 458–460, aligning with macro rejection zones.
📊 Options Sentiment Snapshot:
* IVR: 46.7 → Moderate volatility, but still supportive of fast swings.
* IVx avg: 34.8, down –11.25%, showing vol is compressing while risk increases — dangerous combo.
* PUTs 67.6% → Overwhelmingly PUT-heavy environment, a signal of dealer short gamma pressure — one move down can feed the next.
🎯 GEX Implications:
* Break below 452 → Expect momentum to ramp toward 450 → 448 → 440 range.
* Bounce off 452 → Needs strong reclaim of 456–458 to reverse gamma flow — very difficult without macro help.
🕰️ 1-Hour Technical Analysis
Structure:
* QQQ broke down from an ascending wedge and is now retesting prior support at 452.47.
* Price is below all EMAs and losing VWAP — confirms bearish control.
Indicators:
* MACD: Weak and diverging bearishly — no sign of reversal strength.
* RSI: Dipping under 40, near oversold, but no bullish divergence visible yet.
Key Levels to Watch:
* Support: 452 → 450 → 448 → 440
* Resistance: 456 → 458 → 464.98
🧠 Final Thoughts:
QQQ is sitting on the edge of a gamma trap at 452. With PUTs dominant and technicals confirming weakness, there’s a real risk of continued slide toward 450–448 or lower if bulls can’t reclaim the 456 zone quickly.
GEX suggests heavy dealer hedging is active — so expect volatility, and prepare for a momentum spike if 452 fails.
This is not financial advice. Always trade with risk management, and let price action confirm your plan before executing.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.