Dealer Exposure Map — September 11, 2026 | Pushing Profits

As of September 11, 2026, traders are closely monitoring dealer exposure metrics for SPY and QQQ. The maximum pain point for SPY is noted at $777.00, indicating the price at which the most options contracts will expire worthless. With a total gamma exposure of 5.90e+3 and total delta exposure hovering at -1.13e+4 across 20 contracts, there appears to be significant bearish sentiment in SPY options. On the other hand, QQQ presents a stark contrast with a max pain level of $716.00, where options traders might expect minimal impact from price fluctuations. The total gamma exposure for QQQ stands at an impressive 3.71e+4, complemented by a substantial total delta exposure of 9.30e+5 across the same number of contracts, suggesting a bullish leaning in tech stocks. What Should Traders Consider? Traders should focus on the max pain levels, as they can indicate potential price movements leading up to contract expiration. The delta and gamma exposures can provide insights into how much sensitivity options prices will have in response to underlying asset movements. Understanding these metrics can help traders strategize better on their trades, innovating their approach based on market sentiment.