Dealer Exposure Map — August 7, 2026 | Pushing Profits
Category: Dealer Exposure Map | Date: 2026-08-07
SPY and QQQ show intriguing dealer exposures indicating potential volatility ahead of expiration.
Report
Market Overview for August 7, 2026 Today's dealer exposure data reveals critical insights into SPY and QQQ options trading. SPY's max pain point stands at $780.00, indicating where traders' positions might converge, potentially leading to increased volatility as expiration nears. SPY shows a total gamma exposure of 11,600, suggesting that market makers are heavily involved, while its total delta exposure of 324,000 across 20 contracts hints at substantial directional positioning. Similarly, for QQQ, the max pain point is set at $721.00, with a total gamma exposure of 146,000 and total delta exposure of 994,000, indicating a robust interest in this ETF. These metrics can inform traders on where the market expects price movements and where maximum pressure might occur as expiration approaches. Proactive traders can strategize by considering these levels for their options strategies.
Frequently Asked Questions
What is max pain in options trading?
Max pain is the price point at which the most options expire worthless, potentially creating a pressure point for the underlying asset.
How does gamma exposure affect options pricing?
High gamma exposure means market makers have to adjust their hedges frequently, which can lead to increased volatility in the underlying asset's price.
Why is delta exposure important for traders?
Delta exposure indicates how much the price of options will change relative to a $1 change in the underlying asset, helping traders gauge potential profit or loss.