Dealer Exposure Map — October 8, 2026 | Pushing Profits
Category: Dealer Exposure Map | Date: 2026-10-08
Today, SPY max pain is at $763, while QQQ sits at $772, signaling key levels for traders amid substantial dealer exposure.
Report
Market Overview: October 8, 2026
Today, the options landscape for major indices reveals significant insights for traders. The SPY has reached a max pain point of $763.00, indicating where the most options will expire worthless, which can influence trading strategies leading up to expiration.
The total gamma exposure for SPY stands at 46,400, suggesting that dealers are heavily positioned, which could lead to increased volatility. Meanwhile, QQQ shows a max pain level of $772.00 with an impressive total gamma exposure of 391,000, reflecting strong dealer activity that could impact price movements.
SPY total delta exposure is at 646,000 across 20 contracts, demonstrating a robust directional bias.
QQQ's total delta exposure is significantly higher at 9.28 million, indicating a strong sentiment among traders favoring upward movements.
Understanding these metrics allows traders to gauge potential price action and prepare their strategies accordingly.
Frequently Asked Questions
What is max pain in options trading?
Max pain is the strike price at which the most options expire worthless, leading to minimized losses for option writers.
How does total gamma exposure affect traders?
Total gamma exposure indicates how much the price of an underlying asset may move due to changes in delta; higher gamma means more volatility.
Why is delta exposure important for options traders?
Delta exposure measures the sensitivity of an option's price to changes in the price of the underlying asset, guiding traders on direction and risk.