Dealer Exposure Map — September 29, 2026 | Pushing Profits
Category: Dealer Exposure Map | Date: 2026-09-29
Today's dealer exposure highlights significant gamma and delta positions in SPY and QQQ, indicating potential volatility ahead.
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Daily Dealer Exposure Update
On September 29, 2026, traders note significant positions in the SPY and QQQ options markets. The SPY shows a max pain point of $774.00, indicating where the most options contracts will expire worthless, which could inform trading strategies.
The total gamma exposure for SPY is 222,000, while delta exposure is 1.62 million across 20 contracts. This strong gamma exposure suggests potential volatility, as large movements in the underlying asset can lead to accelerated changes in delta, amplifying price moves.
For QQQ, the max pain level stands at $759.00, with a lower gamma exposure of 47,800 and delta exposure of 308,000. Although the delta is significant, the gamma's lower level may imply less volatility compared to SPY, which could influence how traders approach risk management.
Frequently Asked Questions
What is max pain in options trading?
Max pain is the price level at which the most options contracts expire worthless, helping traders understand potential price targets.
Why is gamma exposure important for traders?
Gamma exposure indicates how much delta can change with price movements, affecting the volatility and risk of options strategies.
How can I use dealer exposure data in my trading?
Traders can use dealer exposure data to anticipate price movements and adjust their strategies based on potential volatility and max pain points.