The Gamma Wall at 706: Why QQQ’s Options Market Just Flashed a Rare Configuration
QQQ’s gamma flip at 706 aligns with extreme dealer short exposure and 97 unusual strikes. Mega-cap calls dominate despite index caution.
QQQ’s gamma flip at 706 aligns with extreme dealer short exposure and 97 unusual strikes. Mega-cap calls dominate despite index caution.
SPY and QQQ show GEX flip strikes within 0.7% of spot, combined with 75-97% bullish 0DTE flows and extreme dealer short gamma positioning. The precision suggests a potential gamma squeeze.
39 signals flood the tape with 95% bullish conviction, but IV-Rank at historic highs and GEX flips kissing spot prices suggest we’re pinned into a gamma squeeze waiting to detonate.
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