As we review the latest Dealer Exposure Map data for July 8, 2026, SPY displays positive gamma exposure at 6,280, indicating that market makers are prepared for price increases. However, with a max pain level set at $675.00, traders may see this as a target where options could expire worthless, potentially dampening rapid price movements. On the other hand, QQQ presents a contrasting picture with a negative total gamma exposure of -13,700 and a max pain priced at $745.00. This suggests that market makers might be hedging against declines, which could intensify selling pressure as expiration ap
