Dealer Exposure Map — August 5, 2026 | Pushing Profits
Category: Dealer Exposure Map | Date: 2026-08-05
SPY and QQQ show significant gamma and delta exposures, suggesting traders should stay alert for potential volatility.
Report
Market Update - August 5, 2026 Today's analysis reveals notable insights into the options market for SPY and QQQ. For SPY, the max pain point is set at $795.00, indicating that this is the price at which the most options expire worthless, guiding traders on potential price action. With a total gamma exposure of 1.67e+3 and a delta exposure of 3.40e+5 across 20 contracts, SPY suggests that minor price changes could result in significant adjustments in underlying positions. On the QQQ front, the max pain point is located at $739.00. The total gamma exposure here is 9.85e+4, while the delta exposure stands at 1.94e+6, pointing towards a high sensitivity to price movements, which traders might exploit for possible volatility. Understanding these metrics is crucial, as they not only guide expectations around potential price areas but also inform decisions on entering or exiting trades strategically.
Frequently Asked Questions
What is max pain in options trading?
Max pain refers to the strike price at which the most options expire worthless, impacting traders' strategies.
How does gamma exposure affect trading decisions?
High gamma exposure indicates that small price movements in the underlying asset can lead to large changes in delta, affecting hedging strategies.
What does delta exposure signify for options traders?
Delta exposure measures how much the price of options is likely to change relative to a change in the underlying asset's price, indicating sensitivity to price movements.