Market Insights for July 1, 2026 Today's options data reveals important insights into trader sentiment and potential price movements in the SPY and QQQ ETFs. The max pain point for SPY stands at $761.00, indicating where most options contracts will expire worthless, suggesting traders may focus on this level as a key psychological benchmark. SPY's total gamma exposure is at 16,900, while total delta exposure reaches 270,000 across 20 contracts, indicating a significant amount of sensitivity to price changes. A higher gamma exposure signals potential volatility, which traders should watch for a
