SPY Hits $775 Max Pain as Dealers Hedge Into the Strike (Aug 17, 2026)
SPY breached $775 max pain with $24.8M in put losses stacked at the strike. VIX held near 14.25 Friday as dealers hedge into the level.
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Daily coverage of unusual options activity, gamma exposure (GEX), and dealer positioning across SPY, QQQ, and single names. These posts track max pain, put/call skew, and where dealer hedging is likely to accelerate or dampen a move: the same signals shown live in the terminal's Options Flow and GEX channels.
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SPY breached $775 max pain with $24.8M in put losses stacked at the strike. VIX held near 14.25 Friday as dealers hedge into the level.
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