# QQQ — Max Pain / GEX · GammaGrid demo

**Gamma weather: Storm.** This chain has no gamma flip inside its strike range, so only the sign of gamma is known — negative, hedging amplifies moves. *(next 26 days · 9 expiries)*

| Level | Value |
|---|---|
| Price | 714.88 |
| Call wall | 730.00 |
| Put wall | 700.00 |
| Gamma flip | — |
| Net GEX | -233.7 M |

## Max pain and dealer gamma by expiry

Nearest expiries first. Max pain is the strike where open interest would expire worth the least; the expected move is one standard deviation from at-the-money implied volatility; net GEX is the dealers' estimated gamma exposure for that expiry, positive damps moves and negative amplifies them.

| Expiry | Max pain | Expected move | Range | Call wall | Put wall | Net GEX | Contracts |
|---|---|---|---|---|---|---|---|
| 2026-09-14 | 710.00 | ±0.9% | 708.43 – 721.33 | 730.00 | 655.00 | 4.4 M | 56 |
| 2026-09-15 | 715.00 | ±1.2% | 705.99 – 723.77 | 730.00 | 650.00 | -9.4 M | 56 |
| 2026-09-16 | 715.00 | ±1.8% | 702.28 – 727.48 | 740.00 | 690.00 | 0.1 M | 50 |
| 2026-09-17 | 715.00 | ±2.1% | 699.93 – 729.83 | 725.00 | 690.00 | 0.6 M | 43 |
| 2026-09-18 | 700.00 | ±2.3% | 698.23 – 731.53 | 800.00 | 700.00 | -93.9 M | 449 |
| 2026-09-25 | 718.00 | ±3.2% | 691.66 – 738.10 | 715.00 | 690.00 | -82.4 M | 271 |

27 expiries in the chain; the page lists every one.

## About these numbers

Computed by GammaGrid from the QQQ options chain — dealer gamma exposure, max pain and the walls are GammaGrid's own arithmetic over open interest; the source data is delayed. Collected 2026-09-13T04:12:11.996370 UTC; this page follows the collection, roughly every fifteen minutes while the market is open.

Other views of QQQ: [Overview](https://app.gammagrid.io/demo/t/QQQ.md) · [GEX Heatmap](https://app.gammagrid.io/demo/t/QQQ/heatmap.md) · [Volatility (IV)](https://app.gammagrid.io/demo/t/QQQ/volatility.md).

Canonical page: <https://app.gammagrid.io/demo/t/QQQ/max-pain> · The demo shows the free list only; a GammaGrid account watches any US-listed ticker with options, replays earlier collections and opens every contract: <https://app.gammagrid.io/>