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QQQ Dealer Gamma Hit a 69 Snapshot Low.

After Deep Readings, Next Day Moves Averaged 1.40 Percent, on 9 Days.

QQQ's modeled dealer gamma closed Friday at minus 8.60 billion dollars, the lowest of 69 weekday snapshots, with the fund 3.93 percent below its flip level. Kresmion holds weekday snapshots from June 29 to October 16. On the 9 earlier days when QQQ gamma was below minus 5 billion dollars, the next day's move averaged 1.40 percent in either direction. After the 26 positive readings it averaged 0.89 percent. The note reports the size of moves only and says nothing about direction. Those 9 days come from about three episodes, and two of the three largest next-day moves in the window followed non-negative readings. Friday was monthly options expiry, though the reading was already minus 8.2 billion to minus 8.4…