Educational content only. Not financial advice.

NQ and gold GEX levels for October 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 29,953.00NQ index points —this is the reference price +400.00index points since the previous archived run
Call wall 31,449.00NQ index points +1,496.00index points · 5,984 ticks · 0.25 points per tick +10.00index points · 40 ticks
Gamma flip 29,965.00NQ index points +12.00index points · 48 ticks · 0.25 points per tick −4.00index points · 16 ticks
Put wall 28,966.00NQ index points −987.00index points · 3,948 ticks · 0.25 points per tick +9.00index points · 36 ticks
Peak gamma strike 28,966.00NQ index points −987.00index points · 3,948 ticks · 0.25 points per tick +9.00index points · 36 ticks
Max pain 29,794.00NQ index points −159.00index points · 636 ticks · 0.25 points per tick +93.00index points · 372 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 —no usable strike in this run —this is the reference price —no earlier session archived
Call wall —no usable strike in this run —no distance without both prices —not published in this run
Gamma flip —no usable strike in this run —no distance without both prices —not published in this run
Put wall —no usable strike in this run —no distance without both prices —not published in this run
Peak gamma strike —no usable strike in this run —no distance without both prices —not published in this run
Max pain —no usable strike in this run —no distance without both prices —not published in this run
Regime —not published in this run —a state, not a distance —no earlier session archived

Derived from listed GLD option positioning · levels missing for this session


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 30,016.00NQ index points 31,369.00NQ index points 28,892.00NQ index points
NQ · 14:00 ET 30,066.00NQ index points 31,432.00NQ index points 28,950.00NQ index points
GC · 11:00 ET 4,067.00US dollars per ounce 4,929.00US dollars per ounce 3,834.00US dollars per ounce
GC · 14:00 ET 4,065.00US dollars per ounce 4,926.00US dollars per ounce 3,831.00US 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 the seven-module course.

Nasdaq-100 futures
ratio 41.380 NQ index points per 1.00 US dollar of QQQ; QQQ at 723.86 US dollars; 1.41 puts per call; net gamma exposure -1.27B.
Gold futures
ratio not archived for this session; the fund's print was not archived for this session; put/call not archived for this session; net gamma exposure not archived for this session.
Archived from
The run of , kept as computed and not revised since.
What is missing, and why
Until 16 September 2026 the pipeline overwrote its own files every run, so the sessions before that date survive only through the morning log, which recorded the four levels, the ratio and the contract price and nothing else. The missing fields are named as missing rather than estimated.