Do the NDX PX and NQ PX values also incorporate the QQQ gamma into the levels? Or is it just based on NDX gamma? NDX “Combo Strikes” incorporate QQQ gamma. Related articles In terms of risk on/off how do we interpret different Vol Triggers for SPY/SPX and QQQ/NDX? How to read Bookmap CloudNote Levels Is negative call gamma bullish? How is SG for SPX negative but positive for SPY? What is Gamma, Market Gamma and/or Total Market Gamma?
