Dealer Exposure Map — June 30, 2026 | Pushing Profits
Category: Dealer Exposure Map | Date: 2026-06-30
Traders should watch SPY's $759 max pain while QQQ's $751 level indicates strong directional bias in the options market today.
Report
Market Overview for June 30, 2026 Today's data points on dealer exposure for SPY and QQQ reveal interesting dynamics affecting options traders. With SPY's max pain sitting at $759.00, traders may need to consider the potential price pressure as options expire. SPY exhibits total gamma exposure of 61,800, which indicates significant sensitivity to price movements, suggesting that small shifts in the underlying asset could lead to larger moves in options pricing. On the other hand, QQQ's max pain is $751.00 with a lower total gamma exposure of 22,500. This suggests less sensitivity compared to SPY, yet a total delta exposure of 1,240,000 indicates a strong directional bias in options trading for QQQ. Traders should pay close attention to max pain levels, as they often indicate where the underlying asset might gravitate towards as expiration nears. Total gamma exposure helps traders gauge how much the price of options could move in response to changes in the underlying asset's price.
Frequently Asked Questions
What is max pain?
Max pain is the price level at which a stock's options would expire worthless, suggesting where the underlying may gravitate as expiration nears.
How does gamma exposure impact trading?
Gamma exposure indicates how much the delta of an option might change with a small movement in the underlying asset, affecting options pricing.
What does total delta exposure signify?
Total delta exposure measures the sensitivity of an options portfolio to price changes in the underlying asset, reflecting overall market sentiment.