Daily Market Report - Dealer Exposure Map (July 10, 2026) Today's data indicates significant dealer exposures in the options markets for both the SPY and QQQ. The SPY shows a max pain level of $764.00 with a total gamma exposure of 2,000 and a total delta exposure of -9,990 across 20 contracts. This negative delta suggests that dealers are hedging against a potential downward movement in prices. On the other hand, the QQQ options exhibit a max pain of $720.00 alongside a considerable negative gamma exposure of -68,400 and a total delta exposure of -3,130,000 across 20 contracts. This indicates
