Dealer Exposure Map — October 6, 2026 | Pushing Profits

Market Overview On October 6, 2026, the Dealer Exposure Map reveals interesting insights into SPY and QQQ options. The concept of 'max pain' represents the price at which the highest number of options contracts expire worthless, potentially affecting market direction as traders adjust positions. For SPY, the max pain level stands at $789.00, with a total gamma exposure of 1.86e+4 and total delta exposure of 4.21e+5 across 20 contracts. This suggests that traders are positioning themselves cautiously, as the gamma exposure indicates potential volatility influence in the underlying asset. Similarly, QQQ's max pain is pegged at $772.00, accompanied by a total gamma exposure of 2.83e+4 and total delta exposure of 6.29e+5 across 20 contracts. This data also signals a nuanced market environment, hinting at substantial dealer involvement that could sway stock movements as expiration approaches. Traders should monitor these levels closely, as they could imply significant price adjustments leading into the expiration dates. Understanding gamma and delta exposures can help traders navigate potential price movements and risk management strategies.