SPX Evolution · gamma levels S&P 500 & Nasdaq-100 — intraday gamma levels
Key options-positioning levels for the SPX (ES futures) and NDX (NQ futures): gamma walls, GEX magnets, negative-gamma accelerators, the HVL flip and the 1-day cone. Published automatically each session.
New levels go live ~5–10 minutes after the market open, each session.
Session 2026-10-02 · generated Oct 02, 15:33 (Paris)
| ES | SPX | Nature · note |
|---|---|---|
| 7,859 | 7,800 | Call Resistance · Resistance wall |
| 7,838 | 7,780 | Call Resistance 0DTE · Resistance wall |
| 7,824 | 7,766 | 1D Max · 1-day cone |
| 7,813 | 7,755 | Neg Gamma 2 · Accelerator |
| 7,803 | 7,745 | GEX 3 · GEX magnet |
| 7,788 | 7,730 | Put Support · Support wall |
| 7,783 | 7,725 | Neg Gamma 0DTE · Accelerator |
| 7,758 | 7,700 | Put Support 0DTE · Support wall |
| 7,754 | 7,696 | 1D Min · 1-day cone |
| 7,589 | 7,532 | HVL · HVL |
Dec 2026 is the active contract (expires Dec 18); no roll pending.
Regime
Same-day flow gamma and all-expiries flow gamma are both positive and dampening (call wall 7838, put wall 7758, flip far below). Structural open-interest walls: call 7859, put 7788. Dealer positioning shows two intraday negative-gamma pockets at 7783 and 7813 (secondary pocket: accelerator, possible V-reversal zone, not a support). The structural call wall 7859 currently carries negative dealer gamma across all expiries: treat it as a possible accelerator rather than a hard ceiling.
Scenarios
Range
Dampening flow keeps price rotating between the same-day put wall 7758 and the same-day call wall 7838. Same-day gamma at 7803 is heavy but negative, and the 7783 and 7813 pockets can produce fast moves inside the range.
Invalidation Sustained trade below 7754 (cone low) or above 7838.
Upside extension
Acceptance above 7838, already beyond the 1-day expected-move cone high (7824), opens the structural call wall zone at 7859.
Invalidation Return below 7813.
Downside break
Loss of 7758 and of the cone low 7754 would leave the opening gap unsupported, with no strong positive-gamma shelf until the gap fill area.
Invalidation Reclaim of 7783.
GO / NO-GO checklist
- ▲Structural put support 7788 within 0.25% of price
- ▲Price next to the heaviest intraday negative-gamma pocket (7783)
- ▲Fresh +0.8% opening gap after payrolls
- ✓Clear dampening regime, flip far below
- ✓Expected move 0.45% with coherent walls
- ✓No major macro release left today (Factory Orders 16:00 CEST is minor)
Flow
No large directional options flow detected at the open: prints above $1M are long-dated multi-leg packages. No large dark-pool print. Read taken at 15:33 CEST.
lvl_ES_20261002_1533.csvPrice Level,Note,Foreground Color,Background Color 7859,Call Resistance,yellow,black 7838,Call Resistance 0DTE,yellow,black 7824,1D Max,yellow,black 7813,Neg Gamma 2,yellow,black 7803,GEX 3,yellow,black 7788,Put Support,yellow,black 7783,Neg Gamma 0DTE,yellow,black 7758,Put Support 0DTE,yellow,black 7754,1D Min,yellow,black 7589,HVL,yellow,black
Price Level,Note,Foreground Color,Background Color 7800,Call Resistance,yellow,black 7780,Call Resistance 0DTE,yellow,black 7766,1D Max,yellow,black 7755,Neg Gamma 2,yellow,black 7745,GEX 3,yellow,black 7730,Put Support,yellow,black 7725,Neg Gamma 0DTE,yellow,black 7700,Put Support 0DTE,yellow,black 7696,1D Min,yellow,black 7532,HVL,yellow,black
Save as .csv for the Jigsaw platform, or paste into the TradingView indicator (open the indicator).
Session 2026-10-02 · generated Oct 02, 15:35 (Paris)
| NQ | NDX | Nature · note |
|---|---|---|
| 31,394 | 31,130 | Neg Gamma 2 · Accelerator |
| 31,263 | 31,000 | Call Resistance · Resistance wall |
| 31,188 | 30,925 | EM High · Other |
| 31,162 | 30,900 | Call Resistance 0DTE · Resistance wall |
| 31,132 | 30,870 | Neg Gamma 0DTE · Accelerator |
| 31,122 | 30,860 | GEX 2 · GEX magnet |
| 31,061 | 30,800 | Put Support 0DTE · Support wall |
| 31,021 | 30,760 | GEX 3 · GEX magnet |
| 30,783 | 30,524 | HVL 0DTE · HVL |
| 30,754 | 30,495 | HVL · HVL |
| 30,330 | 30,075 | EM Low · Other |
| 29,725 | 29,475 | Put Support · Support wall |
Dec 2026 is the active contract (expires Dec 18); no roll pending.
Regime
Same-day flow gamma: call wall 31162, put wall 31061 (largest strike), positive magnets at 31122 and 31021. Negative-gamma pocket (intraday) at 31132 just above price; secondary negative-gamma pocket at 31394 (accelerator, possible V-reversal zone, not a support). Structural open-interest walls are distant: call 31263, put 29725. EM Low/High are statistical bounds from implied volatility, not dealer positioning. No live dealer-positioning read exists for this index, so walls can fail without warning.
Scenarios
Range
Dampening flow pins price between the same-day put wall 31061 and the same-day call wall 31162, with magnets at 31021 and 31122. The 31132 pocket can make the upper part of the range jumpy.
Invalidation Sustained trade below 31021 or above 31162.
Upside extension
Acceptance above 31162 targets the statistical high 31188 and the structural call wall 31263; above, the 31394 pocket can accelerate the move.
Invalidation Return below 31122.
Downside break
Loss of 31021 exposes the gamma flip zone 30783-30754, where the regime would turn amplifying.
Invalidation Reclaim of 31061.
GO / NO-GO checklist
- ▲Largest intraday wall below $150M
- ▲Price within 0.25% of the same-day put wall 31061
- ▲S&P 500 read on caution (broader index leads)
- ▲Fresh +1.3% opening gap after payrolls
- ✓Clear dampening regime, flip about 1% below
- ✓Expected move 1.42% with coherent walls
- ✓No mega-cap tech earnings today
Flow
No large options flow detected above $500K at the open and no large dark-pool print. Read taken at 15:35 CEST.
lvl_NQ_20261002_1535.csvPrice Level,Note,Foreground Color,Background Color 31394,Neg Gamma 2,yellow,black 31263,Call Resistance,yellow,black 31188,EM High,yellow,black 31162,Call Resistance 0DTE,yellow,black 31132,Neg Gamma 0DTE,yellow,black 31122,GEX 2,yellow,black 31061,Put Support 0DTE,yellow,black 31021,GEX 3,yellow,black 30783,HVL 0DTE,yellow,black 30754,HVL,yellow,black 30330,EM Low,yellow,black 29725,Put Support,yellow,black
Price Level,Note,Foreground Color,Background Color 31130,Neg Gamma 2,yellow,black 31000,Call Resistance,yellow,black 30925,EM High,yellow,black 30900,Call Resistance 0DTE,yellow,black 30870,Neg Gamma 0DTE,yellow,black 30860,GEX 2,yellow,black 30800,Put Support 0DTE,yellow,black 30760,GEX 3,yellow,black 30524,HVL 0DTE,yellow,black 30495,HVL,yellow,black 30075,EM Low,yellow,black 29475,Put Support,yellow,black
Save as .csv for the Jigsaw platform, or paste into the TradingView indicator (open the indicator).
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Level nature legend
How these levels are built
- Computed each session from live options-positioning data — dealer gamma exposure, open interest and intraday order flow — aggregated, not hand-drawn.
- Recomputed intraday and published automatically within ~60 seconds of each run.
- Every level is typed to a specific mechanism: resistance / support gamma walls, GEX magnets, negative-gamma accelerators, the HVL flip and the 1-day expected-move cone.
- A structural, statistical map of positioning — not price predictions. Not investment advice.