Max Delta 6 SPY 0DTE Intelligence Report

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Max Delta 6 SPY 0DTE Intelligence Report
Snapshot Time: 10:01 AM ET, June 24, 2025 (0-DTE June 24 expiration)

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1. Metadata & Regime

• Spot Price: $604.23 (Prev $600.15)

• SPX: 6 066.19 vs. 6 025.17 prior

• VIX: 18.16 vs. 19.83 prior

• GEX Regime: Positive (dealers long gamma)

• DEX Regime: Negative (dealers short delta)

• Market Status: Open

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2. Dealer Hedge Metrics

Metric Value Implication Net DEX –$1.10 M Mild dealer short‐delta bias—selling on rallies λ-DEX –$107 B Heavy put blocks near $595–$600 strike Net GEX +$0.24 Mγ Dealers long gamma—supporting pullbacks λ-GEX +$227 M Peak gamma concentration at $603 Flip Strike $604 Above, dealer hedges flip from buy to sell