Market Overview On June 24, 2026, the dealer exposure map reveals significant insights into the trading landscape for SPY and QQQ options. With SPY's max pain level at $731.00 and total gamma exposure of -73,600, traders should be mindful of the bearish sentiment it indicates. Meanwhile, QQQ shows a max pain level of $704.00 alongside total gamma exposure of -8,500, signaling a similar trend. These negative gamma values suggest that both ETFs could experience increased volatility as they approach expiration. Traders often utilize the max pain theory to anticipate potential support and resistan
