Max Delta SPY 0DTE Intelligence Report

Powered by Max Delta 6

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1. Market Snapshot

• Spot: $624.27

• Prev Close: $620.34

• Total OI: 100.66 K

• Total Volume: 647.86 K

• P/C OI Ratio: 0.47

• Vol/OI Ratio: 6.44

• P/C Volume Ratio: 0.49

• Call Flow Imbalance: +$173.3 K

• Put Flow Imbalance: +$68.9 K

• Net Flow Bias: +$104.4 K

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2. Delta Structure

Metric Value Max Delta 623 Max ℓ-DEX Strike 625 Net DEX +$1.97 M ℓ-DEX (Call) +$208.1 M ℓ-DEX (Put) –$65.1 M Lambda DEX +$792.4 M DEX Strength 0.53 DEX Momentum –5.96 % Delta Slope +$17.9 M/strike Delta Curvature –$4.93 B DEX Above/Below Spot +$1.26 M / +$0.71 M

Insight: Heavy dealer delta accumulation at 625, strong convex sell-off beyond that. 624–625 is the primary hedging band.