Max Delta 6 – SPY 0DTE Intelligence Report

Powered by Max Delta 6

Snapshot: 9:53 AM ET, June 26, 2025 (0-DTE June 26 EXP)

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1. Metadata & Regime

• Spot / Prev Close: $608.75 / $607.12

• SPX: 6 111.32 / 6 092.16

• VIX: 16.68 / 16.76

• GEX Regime: Positive (dealers long gamma)

• DEX Regime: Negative (dealers short delta)

• Max Δ Score: –16.7 (mild negative delta tilt)

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2. Dealer Hedging & Greek Clusters

Greek Value Strike (Key) λ-GEX +$23.7 M γ $608 λ-DEX –$75.8 M Δ $608 Max Gamma $608 Dealer gamma hub Max GEX $608 Gamma peak Flip Strike $610 Hedge flip

Dealers are hedged long gamma and short delta into the $608–$610 corridor.