[GEX] levels for QQQ

2024年12月16日

First, let’s examine what we see on our chart using options indicators:

Summarizing the GEX levels through December 26, we have a strong call wall at around 540. If price can break above and hold that level, it could easily pave the way toward 550. However, if we’re expecting a Christmas selloff after Friday’s close, this bearish assumption might prove worthwhile.

This brings up a point that often comes up:

“How do I interpret whether the optoins indicator is bullish or bearish?”


There’s no such definitive signal! The levels and options metrics show certain conditions, but no one can tell you exactly what will happen next. This is where you need to have a directional hypothesis. Once you have it, the indicators can help you fine-tune your positioning, identify realistic targets, and select viable legs—but they won’t decide your directional stance for you.

For example, while everything may look bullish, let’s say you have a contrarian bearish view. Then you can see where it makes sense to position yourself.

Test Case Chosen:
8x QQQ Dec 24th – Dec 26th 525 Calendar Put Spread
Max Loss: $216
Max Profit: $1,685
PoP: 45%

Why not?

2024年12月18日

交易結束：目標達成

Target reached, nice profit