Max Delta 6 SPY 0DTE Intelligence Report

Powered by Max Delta 6

July 2, 2025 · 10:00 AM ET

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1. Market Snapshot

• SPY Spot / Prev Close: $617.56 / $617.65 (≈ –0.01%)

• SPX Last / Prev Close: 6 198.59 / 6 198.01

• VIX Last / Prev Close: 17.11 / 16.83

• Regime Class: Gamma-Trap (mixed gamma/delta signals)

• Max Δ Score: +$401 970 (dealers net long delta)

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2. Dealer Hedge & Regime

Metric Value Strike Net GEX +$378 276 γ $620 Net DEX +$668 227 Δ $622 Max Γ Strike $620 Peak γ Max Δ Strike $617 Peak δ Flip Strike $617 Γ sign flip

• Dealers are long both gamma and delta around $620, indicating stabilization forces both above and below spot.