Markets · NQ

NQ gamma exposure: dealer levels for Nasdaq 100 futures

Zanshin Flow shows dealer gamma for NQ futures from two places: NQ's own futures options, tracked as a separate book so the levels are live overnight and pre-market, and NDX / QQQ options mapped onto NQ prices with a live basis.

NDX gamma levels drawn in NQ futures prices in Zanshin Flow, with hedging flow and key levels — NDX levels in NQ prices: the walls sit where futures traders actually trade them.

Why NQ needs its own book

NDX and QQQ options only trade in the cash session. NQ trades almost around the clock. If your levels come only from NDX, they stop updating after the cash close and sit still all night while NQ moves. Zanshin Flow also reads NQ's own futures options (CME), so overnight and before the open you see where the positioning in the futures market itself sits, live.

What you see for NQ

Gamma by strike under price: every strike's dealer gamma as a heatmap behind the candles, with call walls, put walls, the gamma flip and expected-move bands.
Any expiry: today's, each of the next three, all of them combined, or any mix.
NDX and QQQ in NQ prices: the cash-index levels moved onto NQ with a live basis, so a 31,000 NDX wall shows at the NQ price it really sits at.
Dealer hedging flow: the hedging the options tape forces, as a line against price.
Level Check: grades the level NQ is at from long or short gamma, hedging divergence and how fast price came in.

What it isn't

Gamma levels are context, not signals. Our own tests show walls hold more often when price comes in slowly and break more often on fast approaches, and nothing here is an edge on its own. Pair it with how price actually reacts at the level.

Questions

Where can I see gamma levels for NQ futures?

Zanshin Flow shows dealer gamma for NQ from NQ's own futures options and from NDX and QQQ options mapped onto NQ prices, live. $15 a month after a 3-market-day free trial.

Are NQ gamma levels available overnight?

Yes. NQ's futures options are tracked as their own book, so the levels keep updating overnight and pre-market, when NDX and QQQ options aren't trading.

Is NDX gamma the same as NQ gamma?

They overlap but aren't the same book. NDX and QQQ options are the cash-index positioning; NQ options are positioned by futures traders. Zanshin Flow shows both, in NQ prices.

Not financial advice. Zanshin Flow is an analytics tool; nothing on it is a recommendation to buy or sell anything.