Max Delta SPY 0DTE Mid-Day Intelligence Report

Powered by Max Delta 6

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1. Market Snapshot

• Spot: $622.26

• Prev Close: $620.34

• Total OI: 174.94 K

• Total Volume: 2.71 M

• P/C OI Ratio: 0.58

• Vol/OI Ratio: 15.52

• P/C Volume Ratio: 0.74

• Call Flow Imbalance: +$499.8 K

• Put Flow Imbalance: +$496.9 K

• Net Flow Bias: +$2.94 K

SPY has rallied back toward the 624–625 pin zone on balanced call/put flow.

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2. Delta Profile

Metric Value Max Delta 618 Max ℓ-DEX Strike 618 Net DEX +$2.21 M ℓ-DEX (Call) +$390.4 M ℓ-DEX (Put) –$145.4 M Lambda DEX +$2.20 B DEX Strength 0.38 DEX Momentum –2.20 % Delta Slope +$7.16 M/strike Delta Curvature –$982.9 M DEX Above/Below Spot +$1.34 M / +$0.87 M

Insight: Dealers have concentrated delta hedges at 618, with strong convex (λ) positioning selling into rallies above 618.