Market Overview On July 14, 2026, traders observed significant dealer exposure in the SPY and QQQ options. Understanding these metrics is crucial for making informed trading decisions. For SPY, the max pain level sits at $762.00. This suggests that the price point where most options expire worthless is relatively high, indicating a potential resistance level. With a total gamma exposure of -3.93e+3 and total delta exposure of 2.32e+5 across 20 contracts, traders might expect increased volatility as market makers adjust their positions. In contrast, the QQQ's max pain is at $713.00. Here, the t
