Market Overview for July 9, 2026 As traders analyze today's dealer exposure map, insights from SPY and QQQ reveal pivotal points regarding options strategies. Both indices show a max pain level of $750.00, suggesting where the most options contracts are set to expire worthless, potentially guiding traders in their scenarios. The total gamma exposure for SPY stands at 44,200, while QQQ shows 14,300. This indicates how sensitive the delta of these options will be to changes in the underlying asset price. Higher gamma generally implies increased volatility, which can be beneficial for traders lev
