Max Delta SPY 0DTE Intelligence Report

Powered by Max Delta 6

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1. Market Snapshot

• Spot: $623.34

• Prev Close: $624.06

• Total OI: 116.70 K

• Total Volume: 467.43 K

• P/C OI Ratio: 0.67

• Vol/OI Ratio: 4.01

• Call Flow Imbalance: +$64.9 K

• Put Flow Imbalance: +$83.0 K

• Net Flow Bias: –$18.2 K

SPY has edged up toward the 625 pin, but overall order-flow is subdued.

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2. Delta Profile

Metric Value Max Delta 623 Max ℓ-DEX Strike 623 Net DEX +$434.7 K ℓ-DEX (Call) +$261.4 M ℓ-DEX (Put) –$171.3 M Lambda DEX +$829.1 M DEX Strength 0.10 DEX Momentum 0.00 % Delta Slope +$50.5 M/strike Delta Curvature –$3.81 B Call DEX +$2.36 M Put DEX –$1.92 M DEX Above/Below Spot +$0.94 M / –$0.50 M

Insight: Dealer delta hedges are concentrated at 623, with strong concave (–λ) exposure suggesting resistance above that strike.