Market Overview for June 29, 2026 Today's analysis of dealer exposure reveals notable shifts in options trading behavior for both SPY and QQQ. The SPY shows a max pain level of $744.00 with a total gamma exposure of 53,500 and a total delta exposure of 1,100,000 across 20 contracts. This indicates that the market makers are heavily weighted towards SPY moving upwards, which could mean they are less likely to adjust their positions significantly. In contrast, QQQ presents a different picture, with a max pain of $703.00 and a total gamma exposure of -62,500 along with a total delta exposure of -
