Levels · 2026 · September · 28
NQ and gold GEX levels for September 28, 2026
The option-positioning levels that were on the desk before the New York open on , for Nasdaq-100 and gold futures, kept exactly as they were computed.
01 / The pre-open run
What the chain said before the open
Read at 08:00 New York time, before the cash open. The fourth column is the part no page about the current session can carry: what each level did against the previous session in the archive.
Nasdaq-100 futures · NQ · one tick = 0.25 points per tick
| Level | Price | Distance from the contract | Change from the previous archived session |
|---|---|---|---|
| Contract at the run | 30,636.00NQ index points | —this is the reference price | −329.00index points since the previous archived run |
| Call wall | 31,251.00NQ index points | +615.00index points · 2,460 ticks · 0.25 points per tick | +151.00index points · 604 ticks |
| Gamma flip | 30,195.00NQ index points | −441.00index points · 1,764 ticks · 0.25 points per tick | −594.00index points · 2,376 ticks |
| Put wall | 30,017.00NQ index points | −619.00index points · 2,476 ticks · 0.25 points per tick | −254.00index points · 1,016 ticks |
| Peak gamma strike | 31,251.00NQ index points | +615.00index points · 2,460 ticks · 0.25 points per tick | +151.00index points · 604 ticks |
| Max pain | 29,606.00NQ index points | −1,030.00index points · 4,120 ticks · 0.25 points per tick | −292.00index points · 1,168 ticks |
| Regime | Positive gammastate of dealer hedging, not a direction | —a state, not a distance | Unchangedsame as the previous archived session |
Derived from listed QQQ option positioning · all levels within the plausible band
Gold futures · GC · one tick = 0.10 dollars per tick
| Level | Price | Distance from the contract | Change from the previous archived session |
|---|---|---|---|
| Contract at the run | 4,181.00US dollars per ounce | —this is the reference price | −158.00dollars per ounce since the previous archived run |
| Call wall | 4,784.00US dollars per ounce | +603.00dollars per ounce · 6,030 ticks · 0.10 dollars per tick | −162.00dollars per ounce · 1,620 ticks |
| Gamma flip | 3,964.00US dollars per ounce | −217.00dollars per ounce · 2,170 ticks · 0.10 dollars per tick | −304.00dollars per ounce · 3,040 ticks |
| Put wall | 4,146.00US dollars per ounce | −35.00dollars per ounce · 350 ticks · 0.10 dollars per tick | −141.00dollars per ounce · 1,410 ticks |
| Peak gamma strike | 4,784.00US dollars per ounce | +603.00dollars per ounce · 6,030 ticks · 0.10 dollars per tick | −162.00dollars per ounce · 1,620 ticks |
| Max pain | 4,146.00US dollars per ounce | −35.00dollars per ounce · 350 ticks · 0.10 dollars per tick | −196.00dollars per ounce · 1,960 ticks |
| Regime | Positive gammastate of dealer hedging, not a direction | —a state, not a distance | Unchangedsame as the previous archived session |
Derived from listed GLD option positioning · all levels within the plausible band
02 / The episode
What was said that morning
No episode was recorded for this session. The episodes that do exist are on the market prep page.
03 / Provenance
Where these numbers came from
Every level on this page is a strike of a listed option chain, converted to the futures contract with the ratio between the two at the moment of the run. The mechanism, and what it cannot do, is on the page that explains these levels. What the archive holds, which sessions are missing from it and why, is on the record. If you want the method the zones come from, it is the course this method came from.
- Nasdaq-100 futures
- ratio 41.119 NQ index points per 1.00 US dollar of QQQ; QQQ at 745.04 US dollars; 1.30 puts per call; net gamma exposure 3.80B.
- Gold futures
- ratio 10.630 US dollars per ounce per 1.00 US dollar of GLD; GLD at 393.29 US dollars; 0.51 puts per call; net gamma exposure 596.24M.
- Archived from
- The run of , kept as computed and not revised since.
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