Dealer Exposure Map — August 14, 2026 | Pushing Profits

Market Overview for August 14, 2026 Today's dealer exposure map offers critical insights into trader sentiment and potential price movements for major ETFs. The SPY is seeing a max pain level at $788.00, indicating that this is the price point where the greatest number of options will expire worthless, often influencing market behavior in the lead-up to expiration. On the gamma exposure front, SPY reflects a total gamma exposure of 23,800, suggesting moderate sensitivity in the price movement. This means that any significant price changes could lead to increased volatility as dealers adjust their positions to hedge. Meanwhile, the QQQ shows a max pain level at $732.50, coupled with total gamma exposure of 308,000. This suggests a higher level of sensitivity to price changes and a stronger potential for action in the tech sector as traders position around this critical price point. Both ETFs reveal substantial delta exposures—SPY at 493,000 and QQQ at 1,030,000—indicating strong directional bets that could lead to amplified price swings in the day ahead.