Dealer Exposure Map — July 9, 2026 | Pushing Profits
Category: Dealer Exposure Map | Date: 2026-07-09
July 9, 2026, reveals significant gamma exposure in SPY and QQQ, signaling potential volatility ahead for traders.
Report
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 leveraging options strategies. SPY's total delta exposure sits at 243,000 spreads across 20 contracts, hinting at a considerable underlying directional risk. Similarly, QQQ's delta exposure of 176,000 supports a strong sentiment that should be considered when positioning trades.
Frequently Asked Questions
What is max pain in options trading?
Max pain refers to the price at which the maximum number of options will expire worthless, guiding traders on potential price targets.
How does gamma exposure affect my options trading?
Gamma exposure indicates how much delta can change with price movements, helping traders anticipate volatility and adjust positions accordingly.
Why should I care about delta exposure?
Delta exposure helps traders understand how changes in the underlying asset's price may impact their options portfolio's value.