Max Delta 6 SPY 0DTE Mid-Day Intelligence Report

Powered by Max Delta 6

Snapshot: 12:08 PM ET, June 25, 2025 (0-DTE June 25 EXP)

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1. Metadata & Regime

• Spot: $607.04 (Prev $606.78)

• SPX: 6 093.78 vs. 6 092.18

• VIX: 17.31 vs. 17.48

• GEX Regime: Positive (dealers long gamma, buy dips)

• DEX Regime: Negative (dealers net short delta, sell rallies)

• Max Δ Score: –107.13 (slight negative delta bias)

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2. Dealer Hedging & Greek Clusters

Metric Value Key Strike(s) λ-GEX +$32 M γ $607 (Max GEX) λ-DEX –$173 M Δ $607 (Max DEX) Flip Strike $610 Dealer hedge flip Max Gamma $607 Gamma peak support Max Charm $612 Time‐decay hedge

Dealers are hedged long gamma around $607–$608, and short delta at the same strikes.

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