Educational content only. Not financial advice.

NQ and gold GEX levels for October 14, 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 30,745.00NQ index points —this is the reference price +75.00index points since the previous archived run
Call wall 31,457.00NQ index points +712.00index points · 2,848 ticks · 0.25 points per tick +7.00index points · 28 ticks
Gamma flip 30,842.00NQ index points +97.00index points · 388 ticks · 0.25 points per tick +9.00index points · 36 ticks
Put wall 30,008.00NQ index points −737.00index points · 2,948 ticks · 0.25 points per tick −614.00index points · 2,456 ticks
Peak gamma strike 31,457.00NQ index points +712.00index points · 2,848 ticks · 0.25 points per tick +835.00index points · 3,340 ticks
Max pain 30,215.00NQ index points −530.00index points · 2,120 ticks · 0.25 points per tick +7.00index points · 28 ticks
Regime Negative 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 4,161.00US dollars per ounce —this is the reference price −49.00dollars per ounce since the previous archived run
Call wall 4,935.00US dollars per ounce +774.00dollars per ounce · 7,740 ticks · 0.10 dollars per tick −5.00dollars per ounce · 50 ticks
Gamma flip 4,147.00US dollars per ounce −14.00dollars per ounce · 140 ticks · 0.10 dollars per tick −12.00dollars per ounce · 120 ticks
Put wall 3,674.00US dollars per ounce −487.00dollars per ounce · 4,870 ticks · 0.10 dollars per tick −4.00dollars per ounce · 40 ticks
Peak gamma strike 4,935.00US dollars per ounce +774.00dollars per ounce · 7,740 ticks · 0.10 dollars per tick −5.00dollars per ounce · 50 ticks
Max pain 4,277.00US dollars per ounce +116.00dollars per ounce · 1,160 ticks · 0.10 dollars per tick −4.00dollars per ounce · 40 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 / Later runs

The same session, read again at 11:00 and 14:00

Positioning moves during a session; these are the later reads of the same chain

Contract and run Gamma flip Call wall Put wall
NQ · 11:00 ET 30,833.00NQ index points 31,496.00NQ index points 30,253.00NQ index points
NQ · 14:00 ET 30,810.00NQ index points 31,490.00NQ index points 30,040.00NQ index points
GC · 11:00 ET 4,142.00US dollars per ounce 4,934.00US dollars per ounce 3,673.00US dollars per ounce
GC · 14:00 ET 4,146.00US dollars per ounce 4,936.00US dollars per ounce 3,674.00US dollars per ounce

Three runs, three timestamps taken from the data files themselves. None of them was recorded while the session was open to the reader.


03 / 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.


04 / 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 how I learned to grade a zone.

Nasdaq-100 futures
ratio 41.391 NQ index points per 1.00 US dollar of QQQ; QQQ at 742.80 US dollars; 1.53 puts per call; net gamma exposure -1.85B.
Gold futures
ratio 10.967 US dollars per ounce per 1.00 US dollar of GLD; GLD at 379.39 US dollars; 0.54 puts per call; net gamma exposure 177.78M.
Archived from
The run of , kept as computed and not revised since.