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.
Session 2026-09-02 · generated Sep 02, 10:14 (Paris)
| ES | SPX | Nature · note |
|---|---|---|
| 7,708 | 7,695 | Call Resistance 0DTE · Resistance wall |
| 7,683 | 7,670 | Call Wall · Resistance wall |
| 7,663 | 7,650 | GEX 4 · GEX magnet |
| 7,647 | — | ◂ spot |
| 7,613 | 7,600 | GEX 3 · GEX magnet |
| 7,593 | 7,580 | Put Support · Support wall |
| 7,560 | 7,547 | HVL · HVL |
| 7,511 | 7,498 | Neg Gamma 0DTE · Accelerator |
Quarterly roll to ESZ2026 expected around Sep 8-11
Regime
Open-interest gamma is net negative while live intraday flow gamma is firmly positive. The dampening structure rests on same-day gamma that expires at the close.
Scenarios
Range
Rotation between put support 7593 and the 7683-7708 cluster, with magnets at 7613 and 7663-7668.
Upside break
Acceptance above 7683 turns the 7688-7708 cluster into a magnet.
Invalidation Back below 7683
Downside break
Loss of 7593 opens acceleration toward 7511.
Invalidation Reclaim of 7613
GO / NO-GO checklist
- ✕Major macro release < 30 min (16:00 CEST)
- ▲OI net gamma swung > 10% vs prior day
- ▲OI vs live-flow regime divergence
- ▲VIX +6% while 1-day vol collapses -9%
- ✓Price well above the flip
- ✓Walls ~1.2% apart
- ✓Expected move >= 0.4%
Flow
No directional same-day large position. Dominant flow is long-dated hedging spreads. Net premium bias mixed: index puts net sold, tech puts net bought.
lvl_ES_20260902.csvPrice Level,Note,Foreground Color,Background Color 7708,Call Resistance 0DTE,yellow,black 7683,Call Wall,yellow,black 7663,GEX 4,yellow,black 7613,GEX 3,yellow,black 7593,Put Support,yellow,black 7560,HVL,yellow,black 7511,Neg Gamma 0DTE,yellow,black
Price Level,Note,Foreground Color,Background Color 7695,Call Resistance 0DTE,yellow,black 7670,Call Wall,yellow,black 7650,GEX 4,yellow,black 7600,GEX 3,yellow,black 7580,Put Support,yellow,black 7547,HVL,yellow,black 7498,Neg Gamma 0DTE,yellow,black
Save as .csv for the Jigsaw platform, or paste into the TradingView indicator (open the indicator).
Session 2026-09-02 · generated Sep 02, 10:14 (Paris)
| NQ | NDX | Nature · note |
|---|---|---|
| 20,620 | 20,557 | Call Resistance · Resistance wall |
| 20,480 | 20,417 | Call Wall · Resistance wall |
| 20,360 | 20,297 | GEX 4 · GEX magnet |
| 20,300 | 20,237 | 1D Max · 1-day cone |
| 20,260 | 20,197 | GEX 3 · GEX magnet |
| 20,240 | — | ◂ spot |
| 20,210 | 20,147 | HVL · HVL |
| 20,180 | 20,117 | Neg Gamma 0DTE · Accelerator |
| 20,060 | 19,997 | Gamma Wall · Support wall |
| 19,940 | 19,877 | 1D Min · 1-day cone |
| 19,820 | 19,757 | Put Support · Support wall |
Quarterly roll to NQZ2026 expected around Sep 8-11
Regime
Below the HVL the same-day gamma turns negative; expect trend continuation rather than mean reversion until price reclaims 20210.
Scenarios
Downside continuation
Below 20060 the negative pocket opens acceleration toward the 1D Min at 19940 then Put Support 19820.
Invalidation Reclaim of 20210
Reclaim
Back above 20210 flips the regime to dampening and turns 20260-20300 into a magnet.
GO / NO-GO checklist
- ✕Price below the gamma flip into a macro release
- ▲Amplifying regime — negative same-day gamma
- ▲Expected move above 0.5%
- ✓Clear structure between 19820 and 20480
Flow
Net premium bias skewed to downside protection in tech names. No large institutional position on the same-day tape.
lvl_NQ_20260902.csvPrice Level,Note,Foreground Color,Background Color 20620,Call Resistance,yellow,black 20480,Call Wall,yellow,black 20360,GEX 4,yellow,black 20300,1D Max,yellow,black 20260,GEX 3,yellow,black 20210,HVL,yellow,black 20180,Neg Gamma 0DTE,yellow,black 20060,Gamma Wall,yellow,black 19940,1D Min,yellow,black 19820,Put Support,yellow,black
Price Level,Note,Foreground Color,Background Color 20557,Call Resistance,yellow,black 20417,Call Wall,yellow,black 20297,GEX 4,yellow,black 20237,1D Max,yellow,black 20197,GEX 3,yellow,black 20147,HVL,yellow,black 20117,Neg Gamma 0DTE,yellow,black 19997,Gamma Wall,yellow,black 19877,1D Min,yellow,black 19757,Put Support,yellow,black
Save as .csv for the Jigsaw platform, or paste into the TradingView indicator (open the indicator).