Dealer Exposure Map — August 28, 2026 | Pushing Profits

Market Dynamics on August 28, 2026 Today's dealer exposure map highlights some fascinating insights into the SPY and QQQ options markets. For SPY, the max pain level is set at $763.00, indicating where options sellers may benefit most if prices stabilize around this level. The negative total gamma exposure of -1.19e+3 suggests that traders may expect heightened volatility as the expiration date approaches, particularly if significant movements occur. On the other hand, QQQ shows a max pain point of $732.50, with a large positive gamma exposure of 5.12e+4. This signal implies that the market could experience less volatility, as the options market is likely to hedge against significant price swings as it moves nearer to this level. The total delta exposure of 1.13e+6 indicates strong bullish sentiment among traders, further supporting a higher likelihood of upward price movement towards expiration. SPY's negative gamma indicates traders should prepare for potential spikes in volatility. QQQ's positive gamma suggests a more stable trading environment heading toward expiration.