Max Delta 6 SPY 0DTE Mid-Day Intelligence Report

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Snapshot: June 27, 2025 (0 DTE June 27 Expiration)

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1. Metadata & Regime

• SPY Spot / Prev Close: $614.42 → $615.88

• SPX: 6 168.77 → 6 182.53

• VIX: 16.27 → 16.40

• GEX Regime: Positive (dealers long gamma)

• DEX Regime: Positive (dealers long delta)

• Max Δ Score: +$903 K (net long delta)

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2. Dealer Hedge Profile

Metric Value Strike Level Net GEX +$732 K γ $614 Net DEX +$1.15 M Δ $614 Max Gamma / GEX $615 Peak hedge Flip Strike $614 Gamma flip Max λ-GEX Strike $615 λ-hedge peak

Insight: Dealers are long gamma and long delta around $614–$615, anchoring price here.