# GEX Levels

Net dealer gamma at every strike, with the walls, flip, vol trigger and 1D range marked, and how to read it.

The **GEX Levels** widget shows net dealer gamma at every strike near price as
horizontal bars, with the key levels drawn across them. Green bars are strikes
where dealers are long gamma, red bars where they are short. The longest bars
are the strikes that matter most.

## What it shows

| Element | What it is |
|---|---|
| **Left pane** | The day-trade expiry (0DTE when today has one) |
| **Right pane** | All expirations together |
| **Green / red bars** | Net dealer gamma per strike, in dollars per 1% move |
| **CALL WALL / PUT WALL** | The strongest call and put strikes, highlighted |
| **FLIP** | Where net gamma changes sign |
| **VOL TRIGGER** | The HVL: the same turning point across the whole book |
| **1D MAX / 1D MIN** | The projected day range |
| **SPOT** | The current price |

Use **Details** to change the weighting (blend, open interest or volume), the
strike bin and how many ranked levels are listed. Hover a bar to see its call
and put split and the open interest behind it.

## Practical application

![GEX Levels widget, NQ, Oct 6, 2026 at 11:15 AM ET (Replay)](https://q-bitf.com/docs-img/gex-levels-oct6.png "Real data: NQ, Oct 6, 2026, 11:15 AM ET, in Replay. Price 31,611.50 pressed against a Call Wall at 31,612.84 whose bar dwarfs every other strike.")

**Reading the ladder.** At 11:15 ET on Oct 6, NQ trades at 31,611.50, a point
below the call wall at 31,612.84. That wall's green bar, about 2 billion, is
far larger than any other strike, and the 1D max (31,625.26) sits just above
it. Below price the ladder stays green down to the flip at 31,455.62; only
small red bars sit near the put wall at 31,262.84.

**What happened next.** Price could not get through. It peaked at 31,616.75
and sold back to the flip by mid-afternoon. The walk-through is in the
[Candles guide](https://q-bitf.com/docs/widgets/candles).

**What to do with it.**

- **One dominant bar right at price** is the clearest fade setup the ladder
  shows: in positive gamma, hedging sells into it.
- **Check what sits just beyond.** Here the 1D max was only 13 points above
  the wall: little room for a breakout.
- **Use the flip as the target and the invalidation line.** A fade from
  31,612 aims back toward 31,455; a close above the wall cancels it.

## In Replay

In [Replay](https://q-bitf.com/docs/widgets/candles#rewind-a-past-session) the widget shows the
day-trade ladder as it was stored for that session, as net bars; choose the
day-trade expiry in **Details**. The all-expirations view is not stored for
past sessions.

## Questions

### What do green and red bars mean in GEX Levels?

Green bars are strikes where dealers are net long gamma, red bars where they are net short. The longest bars mark the strikes with the most hedging behind them.

### What is the difference between the two panes?

The left pane is the day-trade expiry; the right pane adds up every expiration. A wall that shows in both is stronger.